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Mythical Games company logo
Corporation
INTERNET | Internet Software & Services / Gaming
mythicalgames.com

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Founded Year

2018

Stage

Series C | Alive

Total Raised

$260M

Valuation

$0000 

Last Raised

$150M | 3 mos ago

About Mythical Games

Mythical Games is a video game developer of a line of PC, mobile and console games on the EOSIO blockchain, which allows developers to build games with player-owned economies.

Mythical Games Headquarter Location

15260 Ventura Boulevard Suite 1410

Sherman Oaks, California, 91403,

United States

Latest Mythical Games News

Andreessen-Backed Mythical Games Buys Game Streaming Startup to Build in the Metaverse

Jan 18, 2022

Andreessen-Backed Mythical Games Buys Game Streaming Startup to Build in the Metaverse Mythical Games aims to make immersive 3D worlds streamable on lower-end devices, enabling easier access to NFT games and metaverse experiences. Create an account to save your articles. In brief Mythical raised $150 million at a $1.25 billion valuation in November. Following Facebook’s recent metaverse showcase and rebranding to Meta , hype around the concept of the metaverse —an immersive, digital avatar-driven evolution of the internet—is at an all-time high. It may be many years out, however, and one of the barriers to widespread adoption is users having powerful-enough hardware to run 3D worlds and game experiences. Mythical Games, the creator of NFT game Blankos Block Party and creator of blockchain gaming infrastructure, sees another potential solution. That’s why today, the firm announced that it has acquired Polystream , a technology startup that has built a cloud-streaming platform that makes it possible to play powerful games and experiences on even lower-end devices. This isn’t an entirely new concept, as Google’s Stadia, Amazon’s Luna, and Microsoft’s Xbox Cloud Gaming services can run games on cloud servers. In those “pixel streaming” examples, the game runs on a remote cloud server with a powerful GPU, and then it essentially streams video to your device of choice—including smartphones, tablets, and set-top boxes. Polystream’s Command Streaming technology, on the other hand, doesn’t require a cloud GPU for each user. Instead, it significantly compresses data sent to the device, which uses its own GPU—even if it’s not a high-end graphics card—to draw the commands in real-time. It’s claimed to be more scalable, less expensive, and less energy-intensive than the other method. Not only does cloud-based game streaming make it possible to run 3D games on modest devices, but it also minimizes the amount of data that users must download before playing. Blankos Block Party on Windows PC is normally a 4GB download, but with Polystream, Mythical Games was able to create a compact 5MB local client that streams in data while playing. When users are hopping between the shared 3D spaces that are expected to make up the future metaverse, Mythical Games co-founder and CEO John Linden told Decrypt, they won’t have to wait for sizable downloads to get up and running thanks to Polystream’s tech. “This is not the audience that is ready to download 100GB to play Call of Duty on a high-end gaming PC,” said Linden. “They want to be in these immersive 3D worlds. They want to transact, they want to socialize, and then they want to get out—and sometimes they want to do that on a Chromebook or another lower-end device.” Mythical Games will first deploy the Polystream technology in Blankos Block Party, its own NFT-powered, playground-like PC game that the company says has registered over a million unique players. While Blankos was Mythical’s first project out of the gate, the company’s larger focus is the Mythical Platform: EOS blockchain-based gaming infrastructure that other studios can tap. Linden said that Mythical Games expects eight to 10 games to launch in 2022 using its blockchain gaming platform, and Polystream will be a part of that. One game that has yet to be announced is a collaboration with a “really, really strong crypto project,” said Linden, which he described as “kind of the brand name of NFTs.” Over time, Mythical plans to open up the Polystream technology so that any game studio can utilize it, creating a distributed computational platform to potentially power the future metaverse. Polystream’s Phantom engine technology, meanwhile, can enable support for tens of thousands of remote spectators within game worlds—ideal for esports competitions and content creators. Mythical Games most recently raised $150 million in November’s Series C round, which was led by Andreessen Horowitz and included the NFL’s 32 Equity investment arm and NBA icon Michael Jordan, among others. It valued the firm at $1.25 billion, and brought its total investment tally to $270 million to date. With the rise of NFT-fueled games like Axie Infinity and The Sandbox , plus attention from gaming giants like Ubisoft and Square Enix , Linden sees significant potential ahead in the space. However, he cautions that the industry is still in “early, early days,” and that not every in-game NFT implementation or project will necessarily be a winner. He likened the current state of the crypto gaming industry to the second year of mobile games, when studios were still coming to grips with the platform—but it was year three and beyond that everything started to click. “It will keep moving in a positive direction, but I think we'll see some trials and tribulations this year,” Linden said of crypto games in 2022. “I think we'll see some people not quite get it right, but we'll see people that are starting to do some really innovative gameplay that can only be done with these NFTs.” https://decrypt.co/90481/mythical-games-buys-game-streaming-startup-polystream-metaverse

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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 1 CB Insights research brief, most recently on Sep 7, 2021.

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 3 Expert Collections, including Blockchain.

B

Blockchain

3,878 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

G

Gaming

4,747 items

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

U

Unicorns- Billion Dollar Startups

977 items

Mythical Games Patents

Mythical Games has filed 37 patents.

The 3 most popular patent topics include:

  • Cryptocurrencies
  • Blockchains
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/31/2020

1/18/2022

Cryptocurrencies, Blockchains, Alternative currencies, Online gaming services, Cryptographic hash functions

Grant

Application Date

7/31/2020

Grant Date

1/18/2022

Title

Related Topics

Cryptocurrencies, Blockchains, Alternative currencies, Online gaming services, Cryptographic hash functions

Status

Grant

Mythical Games Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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