Friday, March 29, 2024

Activision Alums raises $16 million for EOS-based Blockchain Game Studio

Mythical Games is “Next-Generation Game Technology Studios”. Their focus is online games in which the players possess the resources they make or receive in the game – Authentic digital occupation powered by blockchain, rather than managed digital occupation backed by centralized servers. This is an important difference.

When a participant acquires resources in games like World of Warcraft, Ultima Online, or Runescape, they are in the forefront of their company to stay in business and to keep servers online.A decentralized game constructed on the blockchain can maintain game operation, as well as maintain the worth of resources, as long as users want them to. And, of course, how much easier it is to move resources when blockchain-connected balances are demanded.

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The business has not yet launched a match, but has now announced that it has raised $ 16 million funding from five different venture capital companies, such as  Galaxy Digital’s EOS VC finance and OKCoin.

A press release reads in part:

“This funding will support the organization’s first-to-market strategies to grow and co-production of high-quality game titles (on cellular / PC / console) created around new participant markets and user-generated content. The investment was led by the EOS VC fund of Galaxy Digital, together with substantial involvement from Javelin Venture Partners in Addition to DDC, Fenbushi, Noris, and OkCoin linking the around.”

Made from Former Blizzard, Activation, and Yahoo! Officials and workers, the business will probably start building out its initial offerings. According to the Galaxy Digital CEO and billionaire crypto bull Mike Novogratz, gambling is an object of close attention to the VC company

“We feel that gambling – and in particular the player’s interaction with in-game markets and virtual products – will play an integral part in the way people discover the true potential of their blockchain, Mythical’s experience building rich and immersive game worlds will be valuable for this assignment.”

Given that EOS finance of Galaxy Digital accounts for a large portion of the 16 million financing round, the mythical will soon be construction goods on EOS, a dApp-concentrated blockchain that intends to programmers to conduct the blockchain program on the scale.

Source

Gad Naveh
Gad Naveh works closely with Check Point's Threat Intelligence and Research & Development teams to help customers understand the current threat environment and how they can prevent attacks. With more than 15 years of Information Security experience, Gad has been involved with cybersecurity solutions ranging from endpoint to network architecture models and is a frequent speaker at various security conferences such as BlackHat USA and Europe, Infosecurity Europe, Interop Japan, and many local conferences. To get in touch with Gad for news reports he published you can email him on Gad@nationaltimes.in or reach him out in social media linked below.

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