Mythical Games Unveils New NFT Marketplace For In-Game Assets

Mythical Games stands as a prominent gaming platform within the Metaverse space. Recently, the platform had successfully launched a new marketplace dedicated to in-game NFTs, allowing gamers to buy and trade various assets. The announcement was made on the 25th of January, 2023.

Bringing In A New NFT Market For Gamers

John Linden stands as the CEO of Mythical Games, and gave a public statement about the matter at large. He explained that their platform’s core audience would aid in the introduction of these new mechanics. He reiterated the saying of the NFT gaming space, as well, that users aren’t merely playing a video game when NFTs are involved. Linden claimed that the marketplace allows for gamers to buy items within the game, all the while maintaining that Mythical Games would be doing all the “heavy lifting.”

Furthermore, Mythical Games has brought in help about the matter. The platform had announced some time ago that it had successfully acquired DMarket, a gaming asset platform. With this gaming firm providing aid, Mythical  Games hopes to develop an efficient NFT marketplace for their games.

Mythical Games Acquires DMarket

DMarket was founded back in 2017, standing as one of the biggest marketplaces for the trade of esports and gaming digital assets. DMarket has created a cross-chain platform allowing multiple metaverses to be accumulated. These can range from influencers to brands, esports organizations, and video games.

With Mythical Games’ acquisition of the platform, DMarket will provide them with the infrastructure needed for the development of the Mythical Marketplace 2.0. The goal is to allow the seamless purchasing of gameplay digital assets by the gaming platform’s users.

An important matter to make a note of is that Mythical Games will also leverage DMarket’s knowledge when it comes to the implementation of fraud protection and anti-money laundering controls. Another goal of Mythical games is the development of a marketplace oriented toward the community, prioritizing digital ownership.

Bearish Markets Make Hard Times

Mythical Games is determined to foster growth in their respective markets despite the generally bearish sentiments across the crypto space. These conditions have already caused plentiful damage across the crypto space, though Mythical Games seems dedicated to ensuring its success.

Some of the damages of these conditions are a series of layoffs by various crypto firms. Mythical Games, in particular, was forced to do so back in November of 2022, citing the need to restructure as well as poor growth. Other big names that were forced to lay off employees include Dapper labs and SuperRare NFTs. The companies had been forced to lay off 22% and 30% of their staff, respectively, to combat the poor market conditions.

The market conditions have become bad enough that many voices in the crypto space have declared it to be another crypto winter. Granted, not a whole lot of anything is doing well right now, with non-crypto related firms across the globe also forced to enact layoffs amid the stringent market conditions. With luck, the bad times will quickly end and make way for better times.