Mythical Games Raises $150 Million in Series C Funding Round Led by A16z –

Mythical Games, a blockchain-based gaming company, has raised $150 million in its Series C funding round. The round was led by A16z, which is aggressively investing in these types of crypto initiatives. Other companies such as D1 Capital, Redbird Capital, The Raine Group, as well as well-known cryptocurrency exchanges such as Binance and FTX were also involved.

Mythical Games receives unicorn status in latest funding round

Mythical Games, a blockchain gaming company, educated $150 million in its latest funding round led by VC firm A16z. Other backers included D1 Capital, Redbird Capital and The Raine Group. On the cryptocurrency exchange side, the funding round also attracted the attention of Binance and FTX. This Series C put Mythical Games above the level of a unicorn company and reached a valuation of $1.25 billion.

The rise of Mythical and other similar gaming initiatives signals the interest and validity that the market has given to these new technologies. This funding round follows Mythical Games' last funding round, which took place four months ago educated 75 million dollars. Mythical Games' proposal is considered interesting because it has developed an engine that allows other companies to integrate blockchain aspects into games already in development.

The name of this tool is the Mythical platform, and it also supports building gaming experiences from the ground up. Mythical Games stated that most of the funds received will be used to further expand its team and expand it to enable further developments on the use of this tool.

A16z on a blockchain investment spree

A16z, the well-known venture capital firm, has been very active in funding startups operating in the blockchain gaming industry. Just last month was A16z involved in the latest funding round of Axie Infinity, the Ethereum-based play-to-earn blockchain game. The company led the funding round, which raised $152 million and gave the game a valuation of $3 billion.

In the same way, Yield Guild Games, a guild group that specializes in extracting value from the game to gain experience, received one Financial injection from A16z, which led its $4.6 million funding round last August. A16z too LED the $100 million Series B funding round for Opensea, a leading NFT marketplace on top of the Ethereum blockchain, in July.

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