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Web3 Game Development Mythical Games Loses Three Top Executives

A significant crypto firm saw yet another migration of talent when three top executives at web3 gaming studio Mythical Games revealed they were quitting the company yesterday.

Rudy Koch, a co-founder of the startup, declared on LinkedIn that he was ready for a change after four years with the business.

In addition to Chris Ko, senior vice president of strategy and investments at Mythical, who had been there for less than a year, the company’s chief operating officer and head of game studios and publishers, Matt Nutt, also announced that he would be starting something new.

When the game production company received a $150 million Series C round in November of last year, bringing its valuation to $1.25 billion, it achieved unicorn status. The financing was led by Andreessen Horowitz.

According to a press statement from the company, Mythical Games has raised more than $270 million in capital, with the majority of it ($225 million) expected to be earned in 2021.

Leading cryptocurrency companies like FTX, OpenSea, and Coinbase have all had prominent executives resign in recent weeks.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.