{"componentChunkName":"component---src-templates-post-series-index-tsx","path":"/2023/04/04/mystic-games-raises-eur1-19m-to-create-unique-web3-gaming-experience/","result":{"data":{"post":{"acfPostAdData":{"advertisement":{"isadvertisement":null,"companyname":null}},"acfPostFields":{"featuredVideo":null,"featuredVideoImg":null},"title":"MYSTiC GAMES raises €1.19m to create unique Web3 gaming experience","date":"2023-04-04T07:40:03","link":"/2023/04/04/mystic-games-raises-eur1-19m-to-create-unique-web3-gaming-experience/","excerpt":"

Stockholm-based Web3 gaming developer MYSTiC GAMES has raised €1.19 million in a seed funding round to create a unique multi-player mobile

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Mystic Games. Image credit: Press.

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Stockholm-based Web3 gaming developer MYSTiC GAMES has raised €1.19 million in a seed funding round to create a unique multi-player mobile gaming experience based on blockchain technology.

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Founded by gaming industry veterans in 2022, MYSTiC GAMES aims to disrupt the present situation in the Web3 mobile gaming sector.

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As players are usually required to buy NFTs to fully enjoy blockchain-based games, the number of players in the Web3 gaming space is relatively low despite the abundance of new projects.

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To achieve its mission of making Web3 gaming more accessible, MYSTiC GAMES will turn its games into player-owned games via a DAO (Decentralised Autocratic Organisation) structure.

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MYSTiC GAMES already launched Call of the VoYd – Genesis, an early version of MYSTiC GAMES’ upcoming title Call of the VoYd, for iOS and Android this year. The developer describes the game as a fast-paced Roguelike Royale that is easy to play.

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Players can compete in the Genesis version to win prizes for the main game. Later this year, the developer will launch the Genesis NFT Collection.

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With the recent funding, the gaming startup plans to develop the Call of the VoYd game further and expand its team.

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“We want to embrace Web3’s mission of truly democratising digital ownership and give our players assets that hold value in the real world,” said MYSTiC co-founder and CEO Matthew Buxton.

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“This investment gives us the opportunity to take huge steps towards achieving that.”

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San Francisco-based venture capital firm Shima Capital led the funding round, with participation from several other institutions, including 32-Bit Ventures and SevenX Ventures.

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Shima Capital has been involved with MYSTiC GAMES since the startup’s inception, providing consultation services to the game developer.

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Yida Gao, the firm’s founder and managing general partner, said Call of the VoYd’s gameplay and MYSTiC GAMES’ data-driven approach motivated the firm to help launch the game.

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The seed funding round also involves Joe Mahon, an angel investor known for participating in the Downtown Project in Las Vegas.

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