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Fortnite, the free multiplayer survival game, has grossed $ 1 billion, just through virtual buying in the game. Today, other players in the games industry are trying to put take advantage of new trends in gaming.
Mythical Games, a stealthy start-up today with $ 16 million Series A financing, is bracing for a future in the game where user-generated content and intimate connections between players, creators content, brands and developers are the norm. Mythical uses its venture capital contribution to develop a range of PC, mobile and console games on the EOSIO blockchain, which will also be open to developers to create games with "savings belonging to their players" .
The company announced an announcement regarding its initial lineup of games.
Mythical is led by a group of veterans of the video game industry. Its managing director is John Linden, former studio director at Activision and president of seismic games acquired by Niantic. The rest of the suite includes Compliance Officer Jamie Jackson, another former studio director at Activision; Product Manager Stephan Cunningham, former Director of Product Management at Yahoo; and blockchain leader Rudy Kock, former senior producer at Blizzard – the well-known Activision affiliate of World of Warcraft. Together, the team worked on games like Call of Duty, Guitar Hero, Marvel Strike Force and Skylanders.
The Galaxy Digital EOS VC Fund led the round for Mythical. The $ 325 million fund, launched earlier this year, focuses on the development of the EOSIO ecosystem through strategic investments in startups based on the EOSIO blockchain software. Javelin Venture Partners, Digital Currency Divergence, OKCoin Cryptocurrency Exchange and others also participated in the tour.
It's no surprise that investors are excited about the booming gaming sector, because of the success of Epic Games, Twitch, Discord and others in space.
Epic Games raised $ 1.25 billion in funding late last month thanks to the cultural phenomenon that has become its game, Fortnite. KKR, Iconiq Capital, Smash Ventures, Vulcan Capital, Kleiner Perkins, Lightspeed Venture Partners and others participated in this tour. Discord, a chat application for players, raised $ 50 million worth of financing in April, valued at $ 1.65 billion by Benchmark Capital, Greylock Partners, IVP, Spark Capital and Tencent. And Dapper Labs, best known for the blockchain-based game, CryptoKitties, has even launched a VC tour this year: $ 15 million in financing led by Venrock, with the participation of GV and Samsung NEXT.
In total, VCs invested $ 1.8 billion in game startups this year, through PitchBook.
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