Mythic Protocol has successfully concluded an oversubscribed seed funding round, raising $6.5 million. The round was co-led by Shima Capital, a prominent web3 fund steered by Yida Gao, and Alpha JWC, a leading venture capital firm in Southeast Asia (SEA). The raised capital aims to foster an unprecedented ecosystem that harmonizes blockchain technologies, gaming, and creative media to champion collaboration.

Apart from the leading contributors, the seed round also garnered support from a roster of noteworthy investors including Saison Capital, GDP Venture, Planetarium Labs, Arcane Group, Presto Labs, MARBLEX, EMURGO Ventures, HYPERITHM, and numerous eminent angel investors.

The founder and managing general partner at Shima Capital, Yida Gao, expressed his enthusiasm about co-leading the seed funding for Mythic Protocol. He underscored the trust vested in Mythic Protocol's founding team, citing their history of launching over 250 game titles since 2009, making them one of SEA's major gaming studios.

The brains behind Mythic Protocol are gaming stalwarts Arief Widhiyasa, the founder of Agate and a Forbes Asia 30 under 30 laureate, and Igor Tanzil, previously associated with Agate as its CMO & CCO and the founder of Critical Forge. The duo spearheads a global team of over 130 members, which boasts of industry heavyweights from companies like Caravan Studio, Microsoft, Samsung, Intel, and Symantec.

Mythic Protocol's agenda is to craft a Collaborative Entertainment ecosystem. This blueprint hinges on a game-first approach for user acquisition, retention, and scaling. Central to this project is the ethos of collaboration, creatively valuing ideas, and emphasizing consequential actions. Their unique trifold core offerings include:

1. Gamer Offering: Dubbed "RIFTSTORM," it's an action-shooter RPG with roguelite progression available across multiple platforms including PC, console, and mobile.
2. Creator Offering: Termed "Decentralized Universal Meta (on Blockchain)" or "DUMB," it functions as a reliable source for creators.
3. Investor Offering: Named "LEGACY," it's a suite of digital assets that morph based on consequence, influencing asset growth and yield.

Igor Tanzil, the CCO, opined on the potential of Collaborative Entertainment, emphasizing the significance of meaningful contributions, equitable attribution, and consequence-driven evolution. In his words, too much of this promise has been overshadowed by a rash financialization in recent years.

CEO Arief Widhiyasa reflected on the game industry's cyclical nature, identifying the forthcoming cycle, powered by blockchain and artificial intelligence (AI), as one where the key challenge lies in fostering collective participation in value generation.

In a testament to Mythic Protocol's unwavering commitment to their vision, Qin En Looi, a partner at Saison Capital, expressed their pride in supporting the team. She highlighted Mythic Protocol's steadfast dedication to their long-term vision, devoid of distractions from fleeting industry trends, as both comforting and motivating.

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