Los Angeles-based company Mythical Games recently announced the organization received $75 million in a round of Series B financing. Mythical Games plans on using this money “to popularize ownership in games” through playable NFTs.
“With any new market like [NFTs], it goes through all these different cycles,” Mythical Games CEO John Linden told TechCrunch. “We think this will actually change gaming for the long haul. The more we talk to game studios, we’re finding more and more potential use cases.”
This round of financing was led by WestCap Group. Other contributions were made by 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital.
Mythical Games is an NFT game developer that was established in 2018. The organization has raised $120 million to date.