{"id":52841,"date":"2023-08-25T07:02:16","date_gmt":"2023-08-25T11:02:16","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/the-first-web3-powered-nfl-game\/"},"modified":"2023-08-25T07:02:18","modified_gmt":"2023-08-25T11:02:18","slug":"the-first-web3-powered-nfl-game","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52841","title":{"rendered":"The First Web3-Powered NFL Game"},"content":{"rendered":"
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Web3 game studio Mythical Games <\/strong>officially launched the first Web3 technology-powered, NFL-licensed game. ‘NFL Rivals’.\u00a0<\/p>\n

On August 24, the Kickoff program went live – “bringing the Mythical Marketplace to the NFL Rivals app for all players to participate in the game economy we\u2019re all building together,” a blog post said.\u00a0<\/p>\n

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This will be a phased release: multiple versions of the marketplace integration will be released in the coming months. In the meantime, the team will be running more tests in order to improve the game.<\/p>\n

In this first phase, they rolled out the buy functionality in the in-game marketplace.\u00a0<\/p>\n

In collaboration with the NFL<\/strong> and the NFL Players Association<\/strong>, NFL Rivals was first released in April in early access mode – called the Offseason – to allow the team to observe the feedback and improve the game for several months.\u00a0<\/p>\n

“The incredible reception by fans during the pre-season of NFL Rivals blew us away,” said Mythical Games CEO John Linden, as reported by VentureBeat.\u00a0<\/p>\n

Additionally, it was announced<\/a> at the time that Mythical, “the 4th largest blockchain by monthly digital asset sales, is leaving Ethereum<\/strong> to launch its new Mythos ecosystem on Polkadot<\/strong>.”<\/p>\n

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Dominate Rivals<\/h2>\n

NFL Rivals lets players step into the general manager role to build their own team. The Kickoff player lineup comprises three categories: legendary, epic, and rare.\u00a0<\/p>\n

The goal is to climb to the top of the ladder by beating opponents in games. “Own your dream team [and] dominate rivals,” says the NFL Rivals website.\u00a0<\/p>\n

Users can also team up with other general managers and earn in-game rewards on the way towards the ultimate champion title.\u00a0<\/p>\n

As they play, the managers unlock football superstars and various digital collectibles, allowing them to expand and upgrade their collections.<\/p>\n

The announcement said that users can buy player cards on Mythical\u2019s Marketplace “using the normal payment process used to buy packs in the game, using a new in-game currency called Credits.”<\/p>\n

The player card will be transferred to the buyer’s lineup once the purchase is complete, while the seller gets compensated in MYTH tokens.<\/p>\n

The prices are fixed now, but the plan is to enable bidding.<\/p>\n

Between the soft launch in April and the official launch, the game was downloaded over 2 million times with over 15 million matches played, per G-LYFE Nation.<\/p>\n

Meanwhile, in late June, Mythical Games raised $37 million in Series C1 funding led by Scytale Digital<\/strong>, with participation from ARK Invest<\/strong>, Animoca Brands<\/strong>, MoonPay<\/strong>, Proof<\/strong>, and Stanford Athletics<\/strong>, as well as existing investors Andreessen Horowitz<\/strong>, WestCap<\/strong>, Struck Capital<\/strong>, Signum Growth<\/strong>, and Gaingels<\/strong>.\u00a0<\/p>\n

The company raised $225 million in two capital raises in 2021, gaining the “unicorn” status.<\/p>\n

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Learn more:<\/h3>\n

– NFL, Dapper Labs To Launch New Digital Collectibles Marketplace
– Ukraine’s Game4Ukraine Soccer Match Utilizes Metaverse for Fundraising<\/p>\n

– FarmVille Creator Zynga Introduces Ethereum NFT Game ‘Sugartown’
– Stepn Creator Plans to Give Away $430,000+ in Crypto to Generate Buzz for New Video Game<\/p>\n<\/p><\/div>\n