Mythical Games announces $150M raise as the company expands into NFTs


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Legendary Video games announced the conclusion of a $150 million fundraising spherical. The corporate performed the increase at a $1.25 billion valuation on Thursday, which was led by world enterprise capital agency Andreessen Horowitz.

Legendary mentioned it plans to make use of this new infusion of capital to assist combine NFTs into video games. Andreessen Normal Accomplice Arianna Simpson mentioned in a press release:

“Co-Founders John, Jamie, and Rudy have a wealth of expertise within the gaming world, and have constructed a world-class crew to help their imaginative and prescient. We’re thrilled to companion with them to convey NFT gaming to an excellent bigger stage.” 

Different traders on this spherical included enterprise capital corporations D1 Capital, 32 Fairness (the funding arm of the Nationwide Soccer League), RedBird Capital, Com2Us, and The Raine Group along with cryptocurrency exchanges FTX and Binance Labs. A number of skilled sports activities franchise homeowners additionally participated together with Jonathan Kraft of the New England Patriots and Michael Gordon of the Boston Crimson Sox. Ryan Tedder of OneRepublic mentioned:

“As an early believer and investor in blockchain expertise and NFTs, and as a a lot earlier believer in video video games, I’m completely satisfied to assist again an organization that understands not solely the place the world is at with gaming and tech, however the place it’s headed.”

Legendary beforehand announced a $75 million spherical in June, the identical month Andreessen Horowitz launched the biggest crypto enterprise fund ever. That fund led 1 / 4 billion greenback Collection C for blockchain platform Alchemy in October.