There has been a meteoric rise in the popularity of NFTs with creators scrambling to find novel use cases for the digital assets. Scarcity and hedonistic benefit are two of the fundamental core elements of game design that also align well with NFTs. Mythical Games is building a player-owned economic engine to seamlessly bring NFTs to games along with a marketplace where these assets can be transacted safely and securely. The company just launched early access for Blankos Block Party, its first title and an open-world multiplayer game, that allows users to earn, buy, and sell characters in its marketplace with plans to open up the marketplace technology to publishers, developers, and creators. LA TechWatch caught up with COO Jeff Poffenbarger to learn more about building an ecosystem for blockchain-based gaming, the company’s strategic plans, and latest round of funding from investors that includeWestCap Group, 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Stuck Capital.
Like the internet in the 1990s or social media in the early 2000s, NFTs will go down in history as one of the most significant things to happen in modern technology and culture at large. Big statement — I know — so let me tell you why I’m so excited.
I know DeFi is our Netscape moment because it’s scaling, rapidly. Just like Netscape’s browser did. The market is screaming that DeFi has found product-market fit. Total value locked in DeFi is up more than 4X in two months.a
Blockchain makes banking and financial services more accessible. Anyone with a mobile phone can create a secure account. With recent data from the World Bank revealing 1.7 billion adults globally have no access to a bank account – but two-thirds of them own a mobile phone, blockchain can fill this void.