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  • Writer's pictureConnie Chan

NFT Gaming Firm Mythical Games Unleashes New NFT Marketplace For In-Game Assets

Mythical Games, the popular gaming platform for metaverse games, has successfully launched a new non-fungible token marketplace. The new market will allow gamers to buy and trade in-game assets.

Mythical Games Launches New NFT Marketplace

In a January 25 announcement, the Web3 gaming platform confirmed the official launching of its new NFT marketplace. While commenting about the NFT development, John Linden, the CEO of Mythical Games, remarked:

“Our core audience really is introducing gamers into these mechanics. You’re just you’re playing the game – you’re buying items in the game, and we’re doing all the hard and heavy lifting behind the scenes.”

In a related development, Mythical Games has also announced the acquisition of gaming asset platform DMarket at an undisclosed amount. The newly acquired gaming firm will help Mythical Games to build an efficient marketplace for in-game NFT assets.

Founded in 2017, DMarket is one of the largest marketplaces for trading gaming and esports digital assets. The market platform bridges real and virtual worlds by creating a cross-chain platform that accumulates multiple metaverses for brands, influencers, video games, and eSports organizations.

Under the new integration, DMarket will provide Mythical Games with the essential infrastructure for Mythical Marketplace 2.0, allowing users to purchase gameplay digital assets seamlessly.

Moreover, Mythical Games anticipates incorporating DMarket’s anti-money laundering and fraud protection functionalities and fostering a community-oriented marketplace focused on digital ownership.

Mythical Games’ Market Health Amid The Crypto Winter

The web3 gaming platform Mythical Games continues progressing despite the extended general crypto market winter that has traumatized many crypto and non-fungible token-related firms.

Nonetheless, Mythical Games has also yet to be immune to the bear market. In November, Mythical laid off 10% of its employees, citing poor growth during the bull market and the need to restructure.

Other NFT projects, which have recently laid off their staff of the same bear market concerns, include SuperRare NFT Marketplace, which laid off 30% of its workforce, and Dapper Labs, which laid 22% of its staff.

Elsewhere, Meta Masters Guild is another play-to-earn NFT project that continues defying the oppression of the recent crypto market winter. Surprisingly, the blockchain-powered gameplay has already raised more than $1.3 million from its token presale in less than one month.

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