Tech

Mythical Games works with support to enable cryptocurrency payments on NFT marketplaces

Mythical Games, a next-generation gaming technology studio at the crossroads of blockchain and games, announces the addition of crypto payments to the Mythical Marketplace, a hub for buying and selling in-game NFTs for the publisher’s popular multiplayer party game, Blancos Block. Did. Party. Cryptocurrency payments are enhanced by Uphold, a digital money platform that provides consumers and businesses with a single wallet access to large numbers of digital and physical assets.

Uphold integration allows Blancos Block Party players to purchase in-game items from Blankos Block Party sold by other players using a set of cryptocurrencies supported by the Uphold wallet. These items include avatars and accessories created by artists and designers affiliated with Mythical.

In most games, purchased or acquired items are fixed in the publisher’s economy, and there is no way to recoup the time or money spent when you realize that you no longer need or are sought after. Through its unique Mythical Marketplace, players can unleash the monetary value of ownership of digital assets by selling their in-game collections to other players.

Money received from the sale is automatically transferred to the user’s Uphold wallet, which can be cashed out to the user’s preferred currency, exchanged for other cryptocurrencies, or sent to other cryptocurrencies.

Stoyan Stoyanov, Vice President of Marketplace for Mythical Games, said: In our early testing phase, players could only buy and sell on fiat currencies on the marketplace. So adding Uphold opens the door to more opportunities for gamers, whether they’re already adopting cryptocurrencies or are new to the field. “

By linking with Uphold, the Blancos Block Party can be expanded to more than 150 countries where Uphold operates. Today, the digital money platform serves more than 7 million clients and holds approximately $ 3.7 billion in client assets.

JP Thieriot, CEO of Uphold, said: The ability to buy and sell collectibles in the cryptocurrency of your choice significantly lowers the barriers to buying and selling in-game items. We are excited to support the evolution of the Blancos Block Party and increase its presence in the gaming community while continuing its mission to strengthen payments in the new digital economy. “

The announcement follows Westcap-led Mythical’s $ 75 million Series B funding round earlier this year with additional donations from new and existing investors such as 01 Advisors and Gary Vainerchuk’s Vainer Fund. The funding round has raised a total of $ 120 million to date as investors continue to bet on the growth potential of Mythical’s Blancos Block Party and its marketplace.

The veterans behind Mythical helped develop major franchises such as Call of Duty, World of Warcraft, and Guitar Hero. Mythical aims to promote mass adoption of game ownership through NFTs by making its debut in decentralized games. This opens the door to a new kind of global gaming economy where players can collect, own and sell digital assets.



Mythical Games works with support to enable cryptocurrency payments on NFT marketplaces

Source link Mythical Games works with support to enable cryptocurrency payments on NFT marketplaces

Back to top button