Mythical Games reportedly disclosed details of a successful funding round at a $1.25 billion valuation on November 4th, which helped the firm reel in $150 million.

Specifically, Mythical further revealed that the freshly acquired financial support via fundraising – led by international venture capital entity Andreessen Horowitz – will be channeled towards assisting the integration of NFTs into games. 

“Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and have built a world-class team to support their vision. We’re thrilled to partner with them to bring NFT gaming to an even larger stage.” Andreessen General Partner Arianna Simpson additionally shared via a statement. 

Other investors took part in this fundraising round reportedly include venture capital entities D1 Capital, 32 Equity (the investment arm of the National Football League), RedBird Capital, Com2Us, and The Raine Group in addition to cryptocurrency exchanges FTX and Binance Labs. 

The list of participants also witnessed professional sports franchise owners joining, nominally Jonathan Kraft of the New England Patriots and Michael Gordon of the Boston Red Sox.

“As an early believer and investor in blockchain technology and NFTs, and as a much earlier believer in video games, I am happy to help back a company that understands not only where the world is at with gaming and tech, but where it’s headed.” Musician Ryan Tedder of OneRepublic additionally remarked. 

Mythical initially revealed details related to a $75 million round in June, the same month Andreessen Horowitz introduced the crypto venture fund with the biggest scale ever recorded. That fund led a quarter billion dollar Series C for blockchain platform Alchemy in October.