VC company A16z leads Mythical Games, a blockchain gaming company to raise $150 million in its latest funding round.
Also, Other supporters includes D1 Capital, Redbird Capital, and The Raine Group.
Notably, the funding round gets the attention of Binance and FTX also.
This series C put Mythical games over the level of a unicorn company, reaching a valuation of $1.25 billion.
Of course, The rise of Mythical Games together with other gaming initiatives shows the interest. Also, the validity that the market impacts these new technologies.
Notably, This funding round follows after Mythical Games’ last funding round. Of course, it’s four months ago, raising $75 million.
Furthermore, Mythical Games proposal is interesting because it launches an engine that gives other companies access. Of course, to include blockchain aspects in games that are already under massive development.
Additionally, The name of this tool is the Mythical Platform as it supports the construction of gaming experiences.
More so, Mythical Games notes that most of the funds will go into growing its team. Then, also scale it up to bring more developments to use the tool.
Meanwhile, A16z is the known venture capital company that’s very active in putting funds behind startups in the blockchain gaming industry.
Already, A16z is part of the latest funding round of Axie Infinity, the play-to-earn blockchain game on Ethereum.
Notably, The company leads the funding round, raising $152 million then giving the game a valuation of $3 billion.
Also, its same with Yield Guild Games, a guild group that majors in extracting value from play to earn experiences.
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