Web3 games studio Mystic Games scores $1.3 million

Soon to be player owned through a DAO structure, and founded by former Miniclip, Voodoo, Rovio, and King team members, Mystic Games moves forward with $1.3 million.
Web3 games studio Mystic Games scores $1.3 million

Stockholm-based Mystic Games has raised $1.3 million in a seed round that will see the company grow the team size as it continues development on its upcoming mobile game, Call of the VoYd.

The $1.3 million seed round was led by Shima Capital with 32-Bit Ventures, SevenX Ventures, MEXC, TA Ventures, and Mainstreet DAO participating. Joe Mahon, who worked with Tony Hsieh of Zappos fame on the Downtown Project, participated in the round as an angel investor.

Mystic Games’ current team of six hails for a lineage that collectively includes time working in the bellies of the beasts that are Miniclip, Voodoo, Rovio, and King.

According to a statement released by the company, they are a “blockchain gaming development studio creating Web3 integrated mobile games featuring free-to-own NFTs earned organically through gameplay.” While that might be a lot of buzzwords crammed into one sentence, when you pick it apart piece by piece, the puzzle does start to fit together.

As for the rationale behind the gaming studio, CEO and co-founder, and former Rovio and King Game Design Director and Senior Game Designer respectively Matthew Buxton explains, “The current Web3 space is filled with a huge array of projects, but nowhere near as many players. Our goal is to deliver experiences to native, new, and potential Web3 players that are both accessible and enjoyable. We want to embrace Web3’s mission of truly democratising digital ownership and give our players assets that hold value in the real world.”

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