Mythical Games raises $75M for Blankos Block Party game and playable NFTs
Mythical Games has raised $75 million to launch its Blankos Block Party open-world multiplayer game as well as its platform to create games with nonfungible tokens (NFTs).
The Los Angeles-based Mythical Games is pioneering the idea of “playable NFTs,” using NFT technology to uniquely identify game characters so players can truly own them. NFTs use blockchain, the secure and transparent digital ledger, to authenticate unique digital items.
Blankos Block Party, which is in beta testing, has vinyl-style game characters who you earn (through gameplay), buy, or sell. It has begun testing its marketplace where players can buy and sell their characters, which can be customized or decorated with various things earned in the game.
WestCap Group, a growth equity firm headed by former Airbnb executive Laurence Tosi, led the funding round. Others participating in the round are 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as existing investors including Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital. This round brings the total amount raised to $120 million.
