Kakao Games partners with blockchain gaming firm for Asia push

Mythical Games, a blockchain gaming firm based in the US, has collaborated with South Korea’s Kakao Games as both companies aim to expand their operations in Asia.

Photo credit: Burberry

The deal will see Mythical Games integrate Kakao’s affiliate Boranetwork- a Layer 2 and proprietary blockchain ecosystem – into its operations. The US firm will also join Bora’s governance committee to boost play-to-earn gaming in Asia.

Established in Los Angeles, Mythical Games is an ecosystem that provides creators, artists, brands, game developers, and users with the tools and a platform to make, own, and play blockchain-based games.

Stakeholders can earn digital assets through playable non-fungible tokens. The company has released its flagship game Blankos Block Party, which recently partnered with British luxury brand Burberry. Mythical Games has also announced a collaboration with the US National Football League.

See also: A16z’s first Philippine bet is shaking up blockchain gaming

Founded in 2018 by John Linden, Jamie Jackson, and Rudy Koch, Mythical Games comprises a team of industry veterans who have helped develop popular franchises such as Guitar Hero, Call of Duty, and World of Warcraft. The company last raised US$150 million in November, at a US$1.25 billion valuation.

A subsidiary of Kakao, the South Korean digital platform giant, Kakao Games was established in 2016. It has published several games such as Guardian Tales, Odin: Valhalla Rising, and Battlegrounds. The company has decided to expand its Web3 gaming capabilities, making its partnership with Mythical Games mutually beneficial.

Blockchain gaming is growing exponentially, with a recent report revealing that usage has increased by 2,000% within the last year, accounting for 52% of all blockchain activity.