Abstraction Enters Blockchain Game Development Space with Mythical Games Partnership
Studio renowned for technical prowess and creativity chosen as part of initial group of developers to work with new crypto-powered games platform
Netherlands -- January 13th, 2022 -- Abstraction, a creative game development studio based in The Netherlands, is one of the first to partner up with Mythical Games. Recently valued at $1.2 billion, Mythical Games has selected to work with Abstraction on an action-strategy game based on the developer's own proprietary technology, which will be integrated into Mythical's new crypto platform.
Ralph Egas, CEO and Founder of Abstraction
"Mythical Games is at the forefront of scarcity-driven game design, and it's exciting to be here at the beginning with them, exploring new ways to unlock the potential of crypto-powered games," said Ralph Egas, CEO and Founder of Abstraction. "We share Mythical's vision for player-owned economies and NFTs and are eager to apply our extensive AAA game development experience to the Mythical Platform, leveraging blockchain technologies to help set the industry standard for play-to-earn and digital ownership within video games."
In line with the goals of the Mythical Platform, the unnamed action-strategy game will be play-to-earn, unlocking the player's ability to reap rewards based on NFTs (non-fungible tokens), which use the transparency and security of the digital ledger of blockchain to authenticate rare items. Built on "a private EVM-compatible sidechain," the Mythical Platform allows players to value and sell their own in-game items. It can integrate with existing games or be part of a new game, and includes tools for trades, payments, integration with in-game inventory, and fraud protection.
John Linden, Co-Founder and CEO of Mythical Games
"We have been working with the team at Abstraction for over a year on a prototype using the incredible simulation tech they have built," said John Linden, Co-founder and CEO of Mythical Games. "This is the type of innovation that can completely change a game experience for the better; we believe a combination of their technology and our economic platform has the potential to create a new and exciting game economy that players will enjoy for years to come. We are excited to work with Abstraction on bringing this evolution to life."
About Mythical Games Acknowledged by Forbes' Disruptive Technology Companies To Watch in 2019 and Fast Company's World Changing Ideas 2021, Mythical is a next-generation games technology company creating a universal gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new play-to-earn game economies.
Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders.
The Mythical Platform is built on an EVM-compatible sidechain using a Proof of Authority consensus model that is more environmentally friendly and sustainable than the Proof of Work model. Minting NFTs and integrating the Marketplace via the Mythical Platform do not require any mining or cryptocurrency to operate, or for players to participate.
Mythical is a registered trademark, and Mythical Games and Mythical Marketplace are trademarks of Mythical, Inc. All other marks are the trademarks of their respective owners.
About Abstraction Abstraction is a creative game development studio established in 2007 in The Netherlands with a no-compromise attitude that delivers cutting-edge results. Renowned for taking on technically demanding projects and providing support teams for AAA publishers, Abstraction does not shy away from a challenge and has delivered 200+ SKU's across 60 games over the last 14 years. The company is also engaged with creative co-development and DLC projects and is producing an unannounced internal game based on an original IP.
The studio is proud to count as its partners, companies such as Bioware/EA, 343/Microsoft, Funcom, Mythical Games, Sega, Paradox Interactive, Snail Games, Perfect World, and Aspyr Media to name but a few. For more information, please visit https://abstraction.games