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Mythical Games

Web3 gamingUSA
✂️ Markdown
Peak $1.25 BillionToday
~-23%
from peak
  1. 🦄
    Became a unicorn
    Nov 2021
  2. 📈
    Peak valuation
    $1.25 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$963M
Current status
Down round to $965M pre-money (2023); Series D Oct 2025, valuation undisclosed

How it happened

Mythical Games is a U.S. Web3 gaming studio that reached a ~$1.25B valuation in 2021 during the blockchain-gaming boom. As crypto and NFT enthusiasm cooled, it raised a 2023 round at a ~$965M pre-money valuation — a down round that pushed it below the $1B mark. Glassdoor reviews from that markdown stretch describe repeated rounds of layoffs, with several employees counting six or more waves across 2022-24, alongside frequently shifting strategy and a string of acquisitions that reviewers said were poorly integrated and later wound down. Many still praised colleagues, unlimited PTO and pay even as they lamented the churn. A later Series D in October 2025 may have re-crossed $1B.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: BusinessWire ($1.25B Series C 2021); ~$965M 2023 per PitchBook

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