Mythical Games launches blockchain gaming with the announcement of the launch date for its “first blockchain-based game on the EOS blockchain.” According to the company’s official tweet, gaming enthusiasts can expect the premiere early next year.

The firm recently secured $16 million in Series A funding. The funding round was led by Galaxy Digital EOS Venture Capital Fund. Support also came from Divergence Digital Currency, Fenbushi, OKCoin exchange, and Javelin Venture Partners.

Mythical Games also tweeted that its blockchain-based game will feature “collectibles of vinyl toys brought to life.” The company is not stopping at this game. It is also building PC, console, and mobile games on the EOSIO blockchain. This venture aligns with Mythical Games’ goal to boost adoption of Distributed Ledger Technology (DLT) through gaming.

Player-Owned Economies on EOSIO

Furthermore, the company revealed plans to open its platform to other developers who want to create games with player-owned economies on the EOSIO blockchain. Mythical Games aims to bring developers, players, and content creators together on this platform. The company believes this will “spawn a new era of games driven by verifiable scarcity, true ownership of digital assets, and integrated secondary markets.”

The Mythical Games team consists of experienced veterans from the gaming industry. For example, CEO John Linden previously served as a studio head at Activision. Jamie Jackson, the compliance officer, also worked with him at Activision. Rudy Lock, the head of blockchain, was a senior producer at Blizzard, the makers of World of Warcraft.

He said the company will achieve this goal by collaborating with developers interested in building “in-game economies.” He added, “[t]hese player-owned economies might be as simple as using blockchain to tokenize game objects.”

To summarise

Gaming enthusiasts will not have to wait for much longer as the first ever blockchain-based game will be launched early next year. Mythical Games, the company behind the game, tweeted on its official Twitter account that the game will be about collectibles of vinyl toys, which have been brought to life. The company, which recently secured a Series A funding of $16 million, also announced that it was building PC, mobile, and console games on the blockchain.

Mythical Games launches blockchain innovation, marking a new chapter in gaming. To keep up with the latest scoop in the world of blockchain, subscribe to the ICOholder’s newsletter.