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Founded Year

2018

Stage

Series C - II | Alive

Total Raised

$297M

Last Raised

$37M | 3 mos ago

About Mythical Games

Mythical Games operates as a game technology studio and connects gamers, creators, brands, and game developers. It provides decentralized gaming applications that use blockchain technology to create games and allow players to own their developed assets. The company was founded in 2018 and is based in Los Angeles, California.

Headquarters Location

15260 Ventura Boulevard Suite 1410, Sherman Oaks

Los Angeles, California, 91403,

United States

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ESPs containing Mythical Games

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Media & Entertainment / Gaming & Social Tech

The play-to-earn (P2E) market is a rapidly growing space within the gaming industry that allows players to earn real-world value for their in-game activities. This is achieved through blockchain technology and non-fungible tokens (NFTs), which provide players with true ownership of their digital assets. P2E games offer an alternative to traditional gaming experiences by providing players with the …

Mythical Games named as Leader among 11 other companies, including Digital Entertainment Asset, Sky Mavis, and Limit Break.

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Research containing Mythical Games

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Mythical Games in 4 CB Insights research briefs, most recently on Nov 11, 2022.

Expert Collections containing Mythical Games

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mythical Games is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,227 items

B

Blockchain

10,288 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

G

Gaming

5,179 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

B

Blockchain 50

50 items

Mythical Games Patents

Mythical Games has filed 124 patents.

The 3 most popular patent topics include:

  • Cryptocurrencies
  • Social networking services
  • Blockchains
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/3/2021

9/12/2023

Cryptocurrencies, Blockchains, Cryptography, Alternative currencies, Key management

Grant

Application Date

5/3/2021

Grant Date

9/12/2023

Title

Related Topics

Cryptocurrencies, Blockchains, Cryptography, Alternative currencies, Key management

Status

Grant

Latest Mythical Games News

Mythical Games will bring Blankos Block Party to Web3 mobile players

Sep 20, 2023

Image Credit: Mythical Games We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of "Playing the Edge." Apply to speak here and learn more about sponsorship opportunities here . At the event, we will also announce  25 top game startups  as the 2024 Game Changers. Apply or nominate today ! Mythical Games is revising its Web3 PC game Blankos Block Party and taking the title to mobile gamers. The move comes after the company saw good success with its NFL Rivals game on iOS and Android, with nearly 2.5 million downloads to date. The company launched NFL Rivals back in August with timing tied to the NFL season kickoff. It was the first Web3 game to be featured on the app stores. But NFL Rivals was a combination of both Web2 and Web3 features, said John Linden, CEO of Mythical Games, in an interview with GamesBeat. The game enabled players to pay for things inside the app stores without having to use cryptocurrency or even Mythicals own tokens. That stopped it from being blocked. While Mythical Games had to play by the rules set down by Google Play and the Apple App Store, it succeeded in getting onto the most populous stores for gamers. Google Play explicitly laid down rules that stopped any Web3 games from being linked to gambling, and it had other restrictions too. Apple, meanwhile, appears to have approved the game on an experimental basis. And Apple featured the NFL Rivals title as “game of the day,” which Linden said was “great for us.” Event GamesBeat Next 2023 Join the GamesBeat community in San Francisco this October 24-25. You’ll hear from the brightest minds within the gaming industry on latest developments and their take on the future of gaming. NFL Rivals is a mobile game in the app stores. It’s also a Web3 game. Most of the players in the game on iOS and Android are Web2 players, and only a small percentage are Web3 players. Mythical held frequent conversations with the stores to figure out its approach. While Web3 technology is incorporated into the NFL game, its “ gamers first ” approach allows players to enjoy NFL Rivals without diving into the intricacies of blockchain technology. The NFL game is available only on iOS and Android. NFL Rivals lets players obtain, upgrade and trade digital collectibles alongside players. Players can trade and sell these digital collectibles on Mythical’s Marketplace — but they are not required to do so. This blockchain marketplace is available in-game on mobile devices, reducing friction for users. The Marketplace lists items in Rivals credits. On the app stores, players buy virtual currency and they buy the items in the marketplace with that virtual currency. You can also use that virtual currency to buy items on the blockchain. But if you buy credits in a game, you can’t cash them out. You use it to buy other things. NFL Rivals has more than 150,000 players after its soft launch. In turn, players can purchase this currency players through in-app purchases, which gives the stores their 30% cut of purchases. This extra step was likely critical to work within both App Store and Google Play Store policies. Behind the scenes, players are assigned wallets for their tokens. But they Mythical token is not interchangeable with other cryptocurrencies. “We’ve gotten a lot of a lot of good feedback. I think the industry sees they’re embracing us. We’ve gone from proving this out to talking to them about more new titles coming out,” Linden said. “It’s working quite well.” He noted that Apple has been more opaque than Google Play, though they still held frequent conversations. Linden wasn’t sure if Apple has an official policy on blockchain games yet, but he knows there are certain things about Web3 Apple worries about and certain things they don’t worry about. “We really tried to play by the app store rules,” Linden said. “They know exactly what is in our builds. I’m just happy they are going to see how this goes.” Mythical added a machine learning program to see if it can improve a player’s lineup. When that was added to the game, secondary sales from one player to another increased about four times. You can level up and sell your characters in Blankos Block Party. “The most important thing we shared with Apple is that 50% of all players who first bought an early purcahse from another player have now come back and bought in the app store,” Linden said. “We’re showing Apple this is not hurting you in any way.” Players purchases collectibles from each other, and then they go back and buy more in the store. With Blankos, players bought more items in the Web3 game than players normally do in a free-to-play game. “I think we’re getting to that hockey stick moment for Web3,” he said. “We’ll probably be close to adding about a million players a month right now in the game, which is really nice to see.” By contrast, Blanks Block Party is available only on the PC and Mac. Linden said the company is redoing the game from the ground up based on the learnings so far and it will launch the game on mobile. “The strategy there we’re working on a new game that is mobile first, but it will be cross play with the PC,” he said. Blankos Block Party had a challenge where the spending in the game was lower than the cost of acquisition. And that cost of acquisition was high as it wasn’t on the app stores. It was available on the Epic Games Store, but there wasn’t that much promotion on that store. Such promotion was Mythical’s responsibility, and that was a high cost. Blankos also had two different activities. One was shooting and the other was racing, and the audiences didn’t mix much. With revisions, the company thinks it will be a success on mobile app stores. Overall, Linden said, “We’re very happy with the early performance.” GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings. Join the GamesBeat community!

Mythical Games Frequently Asked Questions (FAQ)

  • When was Mythical Games founded?

    Mythical Games was founded in 2018.

  • Where is Mythical Games's headquarters?

    Mythical Games's headquarters is located at 15260 Ventura Boulevard, Los Angeles.

  • What is Mythical Games's latest funding round?

    Mythical Games's latest funding round is Series C - II.

  • How much did Mythical Games raise?

    Mythical Games raised a total of $297M.

  • Who are the investors of Mythical Games?

    Investors of Mythical Games include Struck Capital, WestCap Group, Signum Growth Capital, Andreessen Horowitz, Stanford University Athletics and 36 more.

  • Who are Mythical Games's competitors?

    Competitors of Mythical Games include Digital Entertainment Asset and 4 more.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
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Compare Mythical Games to Competitors

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Digital Entertainment Asset

Digital Entertainment Asset operates a play-to-earn (P2E) gaming arena. It provides an NFT gaming platform called PlayMining which is a card trading battle game, and an NFT marketplace for trading digital art. The company was founded in 2018 and is based in Singapore.

P
Planetarium

Planetarium operates as an open-source gaming platform. It creates an ecosystem that is based on blockchain technology. The company was founded in 2018 and is based in Seoul, South Korea.

Sky Mavis Logo
Sky Mavis

Sky Mavis offers blockchain-based battle games and fosters the gaming community. It develops Axie Infinity which is a digital pet universe game where players can engage in battles with virtual pets. The company was founded in 2019 and is based in Singapore.

The Sandbox Logo
The Sandbox

The Sandbox provides a community-driven platform. It is a platform where creators can monetize voxel assets and gaming experiences on the blockchain. The company was founded in 2018 and is based in Hong Kong.

Gala Games Logo
Gala Games

Gala Games, founded in 2018, is a blockchain gaming company. It is based in Madrid, Spain.

A
Axie Marketplace

Axie Marketplace is a marketplace where users can trade tokens earned through playing Axie Infinity.

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