mythical games

1.Introduction

Mythical Games is a Los Angeles-based video game development company developing games for playable non-fungible tokens to identify game characters that players can own and offers players a secondary market.

2.History

Mythical Games is a gaming technology studio developing games intended to bring players, creators, brands, and game developers together through personalized experiences and content. The company’s studio provides a decentralized gaming application that uses blockchain technology to build games where players can own the assets they develop or acquire in the game on the EOSIO platform.

The company develops their own free play-to-earn video games as well. Their first game, Blankos Block Party, was initially released in December 2020 and over one million Mythical accounts have been created at time of publication.

Prior to building the Mythical Platform, the team wanted to ensure that they made each engineering decision with a player-first mentality. Adding blockchain to their approach was for the players. Building a reliable, scalable backend to support highly performant games… that’s for the players too. 

2.1An NFT marketplace for a decentralized gamer ecosystem

The team behind Mythical Games is a group of industry veterans who have experience delivering world-class gaming experiences. But Mythical Games isn’t a typical game developer.  One of the company’s key goals is driving consumer adoption of distributed technology through games.  

They want to bring players, developers and content creators closer to the games they love while giving them the ownership they deserve. With traditional online gaming platforms, players already invest their own money into digital assets and spend time on content creation. But, they don’t have a way to actually benefit from those investments – there’s no way to transfer or sell their assets or be compensated for the time they spent in-game.  

This is where blockchain technology comes in. Mythical Games is creating a universal economy that’s driven by player ownership. NFTs use blockchain (a secure and transparent digital ledger) to authenticate unique digital items. Players can unlock the value of their monetary, rarity, and time-based efforts by selling their NFTs to other players for real money – in safe, secure transactions with proof of authenticity. 

2.2Games platform

The company is building games on blockchain that offer players ownership of digital assets, verifiable scarcity, and integrated secondary markets to develop new, in-game economies based on digital ownership. This is, in part, to help consumer adoption of distributed ledger technology through the use of the technology in games.

2.3Mythical Economic Engine

Mythical Games is working to develop what the company calls the “Mythical Economic Engine,” which is designed to help game builders create NFT-marketplaces that will not get them into regulatory trouble, thereby marrying compliance across geographies and tools that help creators comply with anti-money laundering laws and know-your-customer frameworks.

2.4Blankos Block Party

Mythical Games’s first game, which launched into beta in 2021, is Blankos Block Party. This is an open-world multiplayer game and a platform where players can create games with non-fungible tokens. The game borrows concepts of other multiplayer open-world and social games, such as Fall Guys and Roblox, and uses the NFTs to create collectible digital goods similar to the collectible toys like Funko Pops. The game is built on the EOSIO blockchain.

2.5Playable NFTs

The game uses what Mythical Games calls “playable NFTs” using non-fungible token technology to identify unique game characters so players can own them, which uses a secure and transparent digital ledger to authenticate unique digital items. To help generate early interest into the game and the in-game NFT economy, Mythical Games announced collaborations with Burberry, DeadMau5, Quiccs, and El Grand Chamaco. These partnerships will be for the development of unique accessories and character designs. Unlike other NFT platforms, the goods in Blankos Block Party live on a private blockchain and cannot be resold on public market platforms.

2.6Characters

The characters included in Blankos Block Party are vinyl-style game characters that are earned by players through gameplay and can also be bought or sold on the in-game marketplace. Further, the characters can be customized or decorated with various items earned or purchased in the game. These characters can be purchased in the game with cryptocurrency and also with credit cards, to open the game up to a wider player base and without players needing to go through setting up a cryptocurrency wallet.

2.7In-game economy

In Blankos Block Party, there is a player-owned asset economy intended to give players a new way to compete and interact with each other. The economy is built on the EOSIO blockchain, where assets such as skins, accessories, emotes, and other cosmetics can be built. And unlike traditional games where these items exist on the game server, players in Blankos can buy or sell these assets in a secondary marketplace.

Blankos Block Party is a MMO video game that is built on the EOS blockchain. It recreates the concept of a virtual economy by adding cryptocurrency to the gaming experience. The game was created Mythical Games in Los Angeles, California and is scheduled to come out in the first quarter of 2019.

3.Leading Companies

To help generate early interest into the game and the in-game NFT economy, Mythical Games announced collaborations with

Burberry

 DeadMau5

Quiccs

El Grand Chamaco

These partnerships will be for the development of unique accessories and character designs. Unlike other NFT platforms, the goods in Blankos Block Party live on a private blockchain and cannot be resold on public market platforms.

4.Conclusion

Mythical Games is a gaming technology studio developing games intended to bring players, creators, brands, and game developers together through personalized experiences and content. The company’s studio provides a decentralized gaming application that uses blockchain technology to build games where players can own the assets they develop or acquire in the game on the EOSIO platform.