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Mythical Games

Mythical Games

Mythical Games is a Los Angeles-based video game development company developing games for playable non-fungible tokens to identify game characters that players can own and offers players a secondary market.

Mythical Games is a gaming technology studio developing games intended to bring players, creators, brands, and game developers together through personalized experiences and content. The company's studio provides a decentralized gaming application that uses blockchain technology to build games where players can own the assets they develop or acquire in the game on the EOSIO platform.

Games platform

The company is building games on blockchain that offer players ownership of digital assets, verifiable scarcity, and integrated secondary markets to develop new, in-game economies based on digital ownership. This is, in part, to help consumer adoption of distributed ledger technology through the use of the technology in games.

Mythical Economic Engine

Mythical Games is working to develop what the company calls the "Mythical Economic Engine," which is designed to help game builders create NFT-marketplaces that will not get them into regulatory trouble, thereby marrying compliance across geographies and tools that help creators comply with anti-money laundering laws and know-your-customer frameworks.

dGoods partnership

dGoods is an open source and free standard, working to provide ownership and liquidity of digital goods on blockchain that is compatible across a number of blockchains with functionality to allow developers to build digital economies. Along with Mythical Games's integration of the Microsoft Azure blockchain token, the company strengthened its dGoods standard. The token allows organizations to leverage the Token Taxonomy Framework (TTF) to digitize physical and digital assets and was a step towards Mythical Game being able to standardize how games and the related economies were built using blockchain.

Furthermore, the Microsoft Azure blockchain token allows game developers to create dGoods and TTF-compatible game economies, which Mythical Games can use to foster an in-game and global digital marketplace and offers players a chance to trade digital assets depending on the game experience they want.

Blankos Block Party

Mythical Games's first game, which launched into beta in 2021, is Blankos Block Party. This is an open-world multiplayer game and a platform where players can create games with non-fungible tokens. The game borrows concepts of other multiplayer open-world and social games, such as Fall Guys and Roblox, and uses the NFTs to create collectible digital goods similar to the collectible toys like Funko Pops. The game is built on the EOSIO blockchain.

Playable NFTs

The game uses what Mythical Games calls "playable NFTs" using non-fungible token technology to identify unique game characters so players can own them, which uses a secure and transparent digital ledger to authenticate unique digital items. To help generate early interest into the game and the in-game NFT economy, Mythical Games announced collaborations with Burberry, DeadMau5, Quiccs, and El Grand Chamaco. These partnerships will be for the development of unique accessories and character designs. Unlike other NFT platforms, the goods in Blankos Block Party live on a private blockchain and cannot be resold on public market platforms.

Characters

The characters included in Blankos Block Party are vinyl-style game characters that are earned by players through gameplay and can also be bought or sold on the in-game marketplace. Further, the characters can be customized or decorated with various items earned or purchased in the game. These characters can be purchased in the game with cryptocurrency and also with credit cards, to open the game up to a wider player base and without players needing to go through setting up a cryptocurrency wallet.

In-game economy

In Blankos Block Party, there is a player-owned asset economy intended to give players a new way to compete and interact with each other. The economy is built on the EOSIO blockchain, where assets such as skins, accessories, emotes, and other cosmetics can be built. And unlike traditional games where these items exist on the game server, players in Blankos can buy or sell these assets in a secondary marketplace.

Timeline

June 15, 2021
Burberry announces a partnership with Mythical Games.
June 14, 2021
Mythical Games launches early access for Blankos Block Party.
June 9, 2021
Mythical Games raises $75M for Blankos Block Party game and playable NFTs.
June 9, 2021
Mythical Games raises a $75,000,000 series B round from 01 Advisors, Galaxy Interactive, Javelin Venture Partners, Struck Capital, Vayner/RSE and WestCap.
October 27, 2020
Mythical Games brings digital scarcity to gaming.
November 6, 2019
Mythical Games announces integration of Microsoft Azure blockchain tokens with dGoods standard.
November 4, 2019
Mythical Games raises a $19,000,000 series A round from Almanack Family Office, Alumni Ventures Group, Avon Ventures, Galaxy Interactive, Hashed, Javelin Venture Partners, SVK Crypto and Struck Capital.
November 15, 2018
Mythical Games raises a $15,000,000 series A round from Fenbushi Capital, Galaxy Interactive, Javelin Venture Partners, Noris Capital and OKCoin.
June 4, 2018
Mythical Games raises a $1,000,000 seed round from Struck Capital Crypto.

Funding rounds

People

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Further reading

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Burberry announces partnership with Mythical Games

Web

June 15, 2021

Mythical Games Brings Digital Scarcity to Gaming

Web

October 27, 2020

Mythical Games launches early access for Blankos Block Party

Dean Takahashi

Web

June 14, 2021

Mythical Games raises $75M for Blankos Block Party game and playable NFTs

Dean Takahashi

Web

June 9, 2021

Mythical Games raises $75M to build an NFT game engine

Lucas Matney

Web

June 9, 2021

Documentaries, videos and podcasts

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Companies

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News

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Description
August 10, 2021
WebWire
Burberry has announced it is partnering with Mythical Games to launch a non-fungible token (NFT) collection in their flagship title, Blankos Block Party, a partnership of firsts paving the way for the future of digital ownership in gaming. Blankos Block Party is a ground-breaking, multiplayer party game featuring digital vinyl toys known as Blankos that live on a blockchain, inherently providing players with proof of verified ownership and authenticity. Burberry is the first luxury brand t...

References

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