Mythical Games, a web3 gaming giant, may raise $50 million from investors to expand in the decentralized gaming space. This follows the company’s announcement of initiatives to bring web3 to the average gamer. CEO John Linden reportedly traveled to Dubai to seek investors, and the company is considering raising $50 million to expand its business.
Mythical Games last raised $150 million in November 2021 at a valuation of $1.25 billion, with investors including Andreessen Horowitz joining the round. Furthermore, the company announced the launch of a new marketplace, Mythical Marketplace 2.0, which aims to make decentralized gaming more accessible to gamers
Mythical secretly acquired DMarket and has been incorporating its technology into its marketplace platform for several months. The upgrade has already resulted in increased monthly transactions and in the six weeks since its launch, the new marketplace has processed over 2 million transactions.
Introducing Web3 to players
Mythical Games 2.0 has launched a new version of its marketplace, which is designed to improve the player…