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

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

Legendary stated it plans to make use of this new infusion of capital to assist combine NFTs into video games. Andreessen Common Companion Arianna Simpson stated in an announcement:

“Co-Founders John, Jamie, and Rudy have a wealth of expertise within the gaming world, and have constructed a world-class staff to assist their imaginative and prescient. We’re thrilled to companion with them to convey NFT gaming to a fair 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 Purple Sox. Ryan Tedder of OneRepublic stated:

“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 introduced 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 Sequence C for blockchain platform Alchemy in October.