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. It announced that these funds were used to develop on the EOSIO blockchain. 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 its plans to make its platform available to other developers interested in creating games with economies owned by players on the EOSIO blockchain. According to Mythical Games, developers, players, and content creators will be brought together on the platform. Through this, it believes that “a new era of games will be spawned by verifiable scarcity, true ownership of digital assets, and integrated secondary markets.”

The team behind Mythical Games is made up of experienced veterans in the gaming industry. For example, CEO of Mythical Games John Linden was a studio head at Activision. Jamie Jackson, his compliance officer was also a colleague at Activision. Rudy Lock, the company’s head of blockchain was a senior producer at Blizzard, makers of World of Warcraft.

According to him, the company will achieve this feat by collaborating with other developers interested in developing “in-game economies.” He further added that “[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.