Blockchain gaming gets a boost with Mythical Games' $16M Series A
Summary
Fortnite, the free multi-player survival game, has earned an astonishing $1 billion from in-game virtual purchases alone. Its chief executive officer is John Linden, a former studio head at Activision and president of the Niantic-acquired Seismic Games. The rest of its C-suite includes chief creative officer Jamie Jackson, another former studio head at Activision; chief product officer Stephan Cunningham, a former director of product management at Yahoo; and head of blockchain Rudy Koch, a former senior producer at Blizzard the Activision subsidiary known for World of Warcraft. Together, the team has worked on games including Call of Duty, Guitar Hero, Marvel Strike Force and Skylanders.Galaxy Digitals EOS VC Fund has led the round for Mythical. And Dapper Labs, best known for the blockchain-based game CryptoKitties, even raised a VC round this year a $15 million financing led by Venrock, with participation from GV and Samsung NEXT.In total, VCs have invested $1.8 billion in gaming startups this year, per PitchBook.