Mythical Games, a game publisher, has raised $37 million in Series C funding to launch a new marketplace and pursue other revenue-generating initiatives. The company plans to use the funds to optimize its business to achieve profitability by the end of the year and to develop an in-game marketplace for its title NFL Rivals.
Mythical plans to release its new game Nitro National World Tour within the next few months. The company has already secured $29 million in sales in the past 30 days and expects to raise another $20-$30 million when the full round closes. The funds will also be used to migrate the Mythical Chain from Ethereum blockchain to the Polkadot ecosystem due to Ethereum’s slow transaction speeds and high transaction costs. Mythical is one of the top blockchains by NFT sales volume.
The round was led by Scytale Digital with ARK Invest, Animoca Brands, MoonPay, PROOF VC, and Stanford Athletics, alongside previous investors Andresseen Horowitz, WestCap, Gaingels, Signum Growth, and Struck Capital.
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Game Publisher Mythical Games Raises $37M in Series C Funding