LA-based startup Mythical Games has closed a $16 million Series A funding round from a mixture of crypto-focused funds and traditional VCs.

Headed by veterans from Activision Blizzard and Yahoo, the lead investor was Galaxy Digital through its EOS VC fund. Other investors included Javelin Venture Partners, DDC, Fenbushi Capital, Noris and OkCoin.

Item-first approach

Mythical Games’ technology will initially deploy using the EOS blockchain, although it expects to be blockchain agnostic in the longer-term.

In terms of what Mythical Games plans to do, it’s developing a platform that will enable game developer to create and deploy game items which are secured on the blockchain, allowing them to be customised and traded by players.

Our sister-site BlockchainGamer.biz has the full story.