Mythical Games Acquires DMarket, a Web3 Marketplace Tech Startup
The acquisition allows Mythical to tap into DMarket's expertise to build the next-gen NFT gaming marketplace, making it the world's second-largest processor of digital assets on a distributed ledger.
About DMarket's integration into Mythical and why you should care
Mythical Games, one of the OG blockchain gaming firms, has announced the acquisition of DMarket, a Web3 gaming marketplace, for an undisclosed amount. With this, the Blankos Block Party creator launched Mythical Marketplace 2.0, a new NFT trading platform built by Mythical and DMarket.
The acquisition is a significant milestone for Mythical, as it taps into DMarket's expertise to facilitate the most advanced trading platform for virtual assets. It also makes Mythical the world's second-largest processor of digital assets on a distributed ledger after the Ethereum mainnet as of December.
According to the announcement, Marketplace 2.0 is built on Mythical's new layer 1 EVM blockchain, powered by the Mythos native ecosystem token, $MYTH. It has fully integrated DMarket's technology, featuring principles of its blended payment gateway, with a powerful AML and anti-fraud protection system built on more than a decade of industry experience.
Coupled with Mythical's expertise in gaming and digital assets, Marketplace 2.0 is set to provide a frictionless user experience that allows peer-to-peer transactions, empowering gamers to participate in the play-and-own gaming economies. The Mythical Chain has been live for six weeks, processing over 2 million transactions.
"We founded Mythical Games in 2018 with the idea of ushering in both the next generation of gaming and the next generation of gamers. Half a decade later, we're continuing to do just that," said John Linden, co-founder and CEO of Mythical Games. "Mythical's Marketplace 2.0 was designed to not only enhance our platform but, more importantly, improve the player experience and set the standard for the future of gaming."
Initially, Marketplace 2.0 will support NFL Rivals and Nitro Nation World Tour assets, with plans to expand to all Mythical titles on the Mythical Chain. Assets on this network will be entirely governed by smart contracts enforced on a secure digital public ledger.
On top of that, DMarket's office in Kyiv, Ukraine, has now become part of Mythical East, headquartered in Lisbon, Portugal. Its co-founders, Vlad Panchenko and Tamara Slanova, will become part of Mythical's C-suite team, focusing on building the best marketplace technology for the gaming industry.
