I think we're seeing a lot more receptive attitude.” “We're making amazing progress with that. “We've actually been working with both app stores around bringing the entire marketplace into the game,” he said. Apple and Google alike charge a sizeable fee on in-app purchases, up to a 30% cut, which is an awkward fit for Web3’s decentralized platforms. “But if somebody says, ‘Hey, I'll give you $100 US for that card because I want it for my collection,’ it’s going to educate people very quickly.”įurthermore, Linden said that Mythical is discussing with Apple and Google the possibility of bringing the NFT marketplace directly into the NFL Rivals app-a challenge given the tech giants’ respective stances towards NFTs. “If you're suddenly sitting on a Patrick Mahomes card, you might not know that it's fully tradable and sellable right when you first get it,” Linden said. “They don't know what a private key is.”Įvents are constantly swapping out in NFL Rivals, so be sure to check often!ĭid you catch the featured Rivals Rewind Event that just closed? /Qam3VPUo2x “We wanted to make sure we're hitting an audience that, frankly, a lot of them don't know Web3,” Linden explained. Players don’t need a crypto wallet or NFTs to play, but Linden said that a wallet is automatically created for players and is available if they want to buy or trade NFTs down the line. The mobile game supports NFT -based pro players that can be traded, but it’s a completely optional element that isn’t contained within the app itself. Mythical Games released the officially-licensed mobile game NFL Rivals in late April, and recently revealed that the game has been downloaded more than 1 million times across iOS and Android. “We think within 12 months, we can be profitable off of what we're doing.” “Our focus is getting to profitability, and we believe this round is what does it,” Lindsen said.
A potential Series D may follow if Mythical achieves that goal, he added. Linden said that Mythical decided to raise money as the company believes it’s close to reaching profitability. Linden said that Mythical opted not to do a Series D this time around as “a lot of the terms are very similar” to the Series C.Ī press release for the raise notes that Mythical “maintains its unicorn valuation” with this raise, but a company spokesperson would not further clarify whether the valuation had changed. The company raised a $150 million Series C round in November 2021 led by Andreessen Horowitz, which valued the firm as a so-called “unicorn” at $1.25 billion. “Sometimes the strategic groups in the entertainment, sports, or gaming worlds can take a little bit longer,” he told Decrypt of the split approach. Mythical Games CEO and co-founder John Linden said that some of the strategic investors planned for the round are still in negotiations, and to expect an additional close later in 2023.
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