Game startup Mythical Games completes $16 million in Series A financing and plans to release new products on the EOS blockchain

Mythical Games is a blockchain game start-up company called "the next-generation game technology studio" by industry insiders. In the online games they develop, players can own digital assets developed by themselves or acquired, and use block Chains gain true digital ownership.

In the past, many online games used centralized servers, so players’ digital assets were not in their own hands, and what they obtained was actually a kind of “custodial digital ownership”—now, Mythical Games hopes to change this situation. When players obtain digital assets in games such as World of Warcraft, Ultima Online, or Runescape, they don't have to worry about keeping the server online at all times. As long as the players are willing, blockchain-based decentralization The game can keep operating at any time, ensuring that the value of assets will not be lost. Not only that, but as long as the player account is deployed on the blockchain, asset transfer will be easy and simple.

So far, Mythical Games has not officially released the game, but it has completed a round A financing of up to US$16 million. The lead investor is EOS VC Fund under Galaxy Digital LP, and the participating investors include Javelin Venture Partners and Noris Capital , as well as OKCoin and Fenbushi Capital. In fact, just five months ago, the company received a $1 million seed round from Divergence Digital Currency Fund, bringing its total funding to date to $17 million.

Mythical Games revealed that they plan to use this latest financing to speed up product launch, and develop or co-produce a series of high-quality games and user-generated content that support mobile, PC, and game consoles, and build a new encrypted economy around gamers.

In fact, the advantages of blockchain technology can be brought into full play in the game industry, because it can easily track the transactions of items and props in the game. At present, many online games have launched official (or unofficial) rare item trading platforms, allowing players to exchange game items and items, buy game currency, and even use physical currency to recharge. In the last continuation of blockchain technology, the game platform can accurately track which game items and props are used by which players, and when they are traded or exchanged to other players to ensure that all transactions are legal. By providing purchase transaction contract authentication and digital proof of ownership, Mythical Games can make the transaction of game items more secure and illegal.

Not only that, but Mythical Games has also solved the problem of game accounts being easily hacked. Based on its blockchain solution, players can easily prove that an account is their own, and stolen game accounts are also easier to detect and return to their rightful owners, ensuring that players' items and game character levels will not be affected.

Most of the company's employees come from well-known game companies and Internet companies such as Blizzard, Activision, and Yahoo. Speaking of this investment, Mike Novogratz, CEO of Galaxy Digital and a billionaire in the encryption industry, said that game companies are the most interested investment projects for blockchain venture capital. He said:

“We believe that games – especially those that require players to interact with virtual goods, items, and characters – can realize the full technological potential of the blockchain. Mythical Games will be building products on the EOS blockchain.”