NFT Game Developer Mythical Games to Raise $50M
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Jan. 26, 2023

Mythical Games, an NFT game developer, is considering raising an additional $50 million, The Block has reported.

According to the publication, the company's CEO John Linden intends to raise funding during meetings with investors in Dubai. The company closed in August 2021 a $150 million Series C round led by venture capital firm Andreessen Horowitz that pushed the company’s valuation to $1.25 billion.

Mythical Games announced on January 25, 2022 the launch of the new Mythical Marketplace 2.0 and the acquisition of blockchain-based gaming marketplace DMarket.

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After the acquisition, the company integrated DMarket technologies to implement the principles of a combined payment gateway with an anti-money laundering and fraud protection system.

According to the press release:

"Marketplace 2.0 provides a seamless user experience that enables peer-to-peer transactions and empowers gamers who want to participate in the gaming economy of the future."

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