The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Binance Labs Participates in the Series C Funding of Mythical Games

by Press Release
November 5, 2021
in Industry Announcements


Binance Labs, the venture capital and innovation incubator of Binance, is pleased to announce its most recent investment in Mythical Games, an organization that has seen dramatic growth and success in 2021 by bringing play-to-earn concepts and playable NFTs to the mainstream.

Mythical represents a significant step forward in gaming technology, creating a universal gaming ecosystem by leveraging blockchain technology and playable NFTs that enable players, creators, artists, brands and game developers unparalleled freedom and ownership through custom play-to-earn game economies.

Games on the Mythical platform unlock the value of a player’s monetary and time-based efforts, or the rarity of their collection, by providing a way for them to sell their digital assets to other players for real money in safe and secure transactions on the Mythical marketplace.

John Linden, co-founder and CEO of Mythical Games, said,

“Players spend billions of dollars on digital assets each year, but the value of their collections have historically been locked away from them on enclosed systems. Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity versus inflationary free-to-play economies. As gamers and collectors ourselves, we believe players should have tangible assets that they earn and buy. The Mythical platform leverages playable NFTs and blockchain technology to open the doors to the economy of any game and invite the community in. Soon it will seem crazy we as players ever spent time or money on games without getting real value in return.”

Bill Chin, head of Binance Labs Fund, said,

“We believe Mythical may prove to be one of the most disruptive players in the crypto gaming and NFT ecosystem. Their team, led by experienced gaming industry executives, has impressed us with their vision and unique capability to build a market-leading platform. We look forward to seeing their innovative play-to-earn concepts and playable NFTs shake up the gaming industry and forever change how gamers interact with their favorite properties.”

Ken Li, investment director of Binance Labs, added,

“Binance Labs has been looking to make targeted investments into projects that combine sophisticated AAA gaming engines with well-designed play-to-earn economies and NFT marketplaces. We believe that Mythical and its first game, Blankos Block Party, is one of the leaders at this intersection, creating a pathway for non-crypto gamers to step into the crypto gaming ecosystem seamlessly.”

The Series C funding was led by Andreessen Horowitz and includes participation from D1 Capital, RedBird Capital, the Raine Group and others.

Binance Labs, the venture capital arm and incubator of Binance, into the gaming

Binance Labs identifies, invests and empowers viable blockchain entrepreneurs, startups and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams that positively impact the crypto space.

Read the following items for more of the gaming project portfolios that Binance Labs has participated in.

  • Binance Labs Makes Strategic Investment in Star Sharks to Grow the BSC Ecosystem
  • Binance Labs to Announce Strategic Round of Highstreet
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Open-Source Blockchain D-Ecosystem Raises $6 Million Ahead of IDO on March 29, 2023
    March 27, 2023
  • Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time
    March 27, 2023
  • OKX Launches Turkish Lira Deposits and Withdrawals
    March 27, 2023
  • Cardano’s Top NFT Marketplace JPG.Store Announces Plans To Empower More Artists Globally
    March 27, 2023
  • Narwhal Finance Secures $1 Million in Seed Funding Led by Animoca Ventures
    March 24, 2023
  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,259.30
$27,259.30
2.83%
Ethereum
$1,716.50
$1,716.50
3.36%
Cardano
$0.345421
$0.345421
3.3%
XRP
$0.477109
$0.477109
5.66%
Dogecoin
$0.073337
$0.073337
1.91%

Spotlight

  • Bitcoin Could Easily Rip by Over 140% Amid Banking Crisis, Says Tether CTO Paolo Ardoino – Here’s the Timeline
    March 25, 2023
  • Coinbase Predicts a Longer Crypto Winter – Cross-Chain Liquidity Can Save the Day
    March 24, 2023
  • $12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout
    March 24, 2023
  • Analyst Predicts Ethereum Rival Will Explode by Over 90%, Updates Outlook on XRP, Cardano and Solana
    March 25, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl