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Blankos Block Party

Platform(s): PC
Genre: Online Multiplayer
Developer: Mythical Games
Release Date: 2020

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'Blankos Block Party' Developer Mythical Games Secures $75 Million In Funding

by Rainier on June 9, 2021 @ 7:55 a.m. PDT

Blankos Block Party is an MMO set in a vibrant online world where players can compete in games, create their own game play, and blend digital vinyl toys called Blankos.

Blankos Block Party is an open-world multiplayer game with a heavy focus on player-designed levels, where the inclusive world is styled like a giant block party, where players can compete on levels created by Mythical or by the community, build their own minigames to share, take on daily challenges and more! 

The stars of Blankos Block Party are collectible interactive digital vinyl toys called Blankos, designed by some of the world’s top artists including John-Paul Kaiser, Tara McPherson and Pete Fowler.

Unlike other games, where the content you pay for is only licensed, in Blankos Block Party players will have ownership of the Blankos they buy, eliminating the need for grey markets and allowing the community to dictate the value of what is bought and sold in secondary marketplaces supported by Mythical.

Mythical Games announced a $75 million Series B financing led by WestCap. Also participating in this round are 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as existing investors including Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital. This round brings the total amount raised to $120 million. 

Mythical will use the funding to further drive mass adoption of ownership in games through playable NFTs with the growth of its first game, Blankos Block Party, expansion to other gaming platforms, and new projects launching later this year and in 2022. Via its Mythical Economic Engine and Mythical Marketplace, the team is providing a platform for game developers to create their own player-owned economies, and providing new tools to facilitate ownership of in-game assets for content creators and brands. 

Players have invested billions of dollars into digital items in other online games without a tangible way to benefit from it beyond occasional gameplay advantages; content remains locked behind their account because their purchase is really just a lease or licensing agreement, with no ability to transfer or sell. And while other secondary marketplaces have existed in the form of grey and black markets, players who participate are exposed to unsafe transactions, scams and even the threat of losing their accounts for Terms of Service violations. Through the Mythical Marketplace, players can unlock the value of monetary, rarity and time-based efforts by selling their NFTs to other players for real money, in safe and secure transactions with proof of authenticity.

“NFTs and blockchain have risen as a prominent talking point in 2021, and Mythical has been at the forefront of bringing these technologies to the games industry,” said John Linden, CEO of Mythical Games. “From our inception three years ago our aim has been to drive mass adoption of ownership in games through projects including Blankos Block Party, our Economic Engine and the Mythical Marketplace. This new capital will allow us to continue leading the industry into a new play-to-earn model where various stakeholders like players, artists, content creators, and brands are now directly influencing the game economics.”

In the Open Beta for Mythical’s debut title Blankos Block Party, an open-world multiplayer party game with an emphasis on player-designed levels, players currently hold more than 100,000 NFTs; as the game's audience continues to grow, earlier assets and specialized releases will become more scarce and likely more valuable in the secondary market, creating rarity on a mass market scale and providing new sources of income for players.

“Mythical’s world-class team has transformed the way creators distribute and monetize their art,” said Laurence Tosi, Managing Partner at WestCap and former CFO of Airbnb and Blackstone. “Mythical’s creative use of blockchain technology has empowered brands and studios to develop interactive content and engage with fans like never before.”

Mythical Games will make several big announcements next week during a keynote at the 2021 Electronic Entertainment Expo (E3). Viewers can tune in on Monday, June 14 at 11:10 a.m. PDT, when Mythical will also release one of the first NFT Twitch Drops via the popular streaming service. 

“Mythical Games has proven itself a leader in bringing the concept of player-owned economies and play-to-earn ecosystems to the gaming industry,” said Adam Bain, co-founder and managing partner of 01 Advisors. "Mythical is well-positioned to bring blockchain gaming to the masses through developers and publishers, and we’re excited to be on board as they continue to evolve the global games market.”

Key Features:

  • True Ownership: Blankos Block Partyis the first game offering a fully player-owned economy, transforming the relationship between game economies and players, brands, content creators and game developers. Mythical’s blockchain technology provides proof of ownership and transaction history for all purchased and earned assets.
  • Curate Your Collection: Collect and play with a variety of mischievous Blanko characters that can be customized with personalized designs, rare attributes and styles that spin off into unique combinations to grow your own impressive and rare collection of digital vinyl toys come to life.
  • Build Your Block: Design and share your own custom worlds using a large catalog of in-game assets that make it easy and intuitive to build almost anything you can imagine! Then invite others to explore and play on your unique Block.
  • Play All Day: Launching with a variety of modes including Racing, Tag, Collection and Shooting on both Mythical-created maps and player-created levels, Blankos Block Partyoffers a world of fun for all types of gamers. Later Seasons will bring more modes and content to explore and design.
  • Connect with Friends: Whether meeting up to show off your space, go on adventures and quests together, or face off in challenges, Blankos Block Party is the ultimate place to socialize online.

Mythical Games is a next-generation gaming technology studio creating universal gaming ecosystems around playable NFTs, led by industry veterans and former executives from Activision, Oculus, EA and Zynga and a marketplace team of experts from Stubhub and Charles Schwab.

Blankos Block Party is coming to PC in 2021.

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