<p><span data-contrast="auto">Three leading executives at web3 gaming studio Mythical Games announced they were leaving the company yesterday in a further exodus of talent from a notable crypto firm.</span></p> <p><span data-contrast="auto">After four years at the company, the startup’s co-founder Rudy Koch announced he was ready for a change on </span><a href="https://www.linkedin.com/posts/rudykoch_after-4-crazy-years-at-mythical-ive-decided-activity-6993674338184941568-LLTw/?utm_source=share&amp;utm_medium=member_desktop"><span data-contrast="none">LinkedIn</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">“So, what's next? Well, I'm not finished with Web 3.0; far from it,” said Koch in the LinkedIn post. “I have a new venture cooking, and I can't wait to share it with you all in the next couple of weeks.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Mythical’s chief operating officer and head of game studios and publishing, Matt Nutt, also announced that he would be starting something new after less than two years at the company — alongside strategy and investments senior vice president Chris Ko, who had been at the company for less than a year.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">“I'll be in stealth mode working on something new starting next week,” said Nutt in </span><a href="https://www.linkedin.com/posts/mattnutt_after-a-year-and-a-half-with-mythical-ive-activity-6993642297083015168-WqGi/?utm_source=share&amp;utm_medium=member_desktop"><span data-contrast="none">a LinkedIn post</span></a><span data-contrast="auto">. “Look forward to sharing more on what's next in the coming weeks!”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span class="TextRun SCXW156218283 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW156218283 BCX0">Ko </span></span><a class="Hyperlink SCXW156218283 BCX0" href="https://www.linkedin.com/posts/chriskocubs_just-about-a-year-at-mythical-ive-decided-activity-6993636159545372672-ACwV?utm_source=share&amp;utm_medium=member_desktop" target="_blank" rel="noreferrer noopener"><span class="TextRun Underlined SCXW156218283 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW156218283 BCX0" data-ccp-charstyle="Hyperlink">echoed</span></span></a><span class="TextRun SCXW156218283 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW156218283 BCX0"> similar sentiments in his own LinkedIn post.</span><span class="NormalTextRun SCXW156218283 BCX0"> All three executives are veterans of the gaming industry having previously worked at the likes</span><span class="NormalTextRun SCXW156218283 BCX0"> of</span><span class="NormalTextRun SCXW156218283 BCX0"> Blizzard, A</span><span class="NormalTextRun SCXW156218283 BCX0">ctivision and Electronic Arts.</span></span><span class="EOP SCXW156218283 BCX0" data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p>"We are grateful to them for their leadership and the significant contributions they’ve made in helping the company get to this point, and wish them the best in the future," said Nate Nesbitt, a spokeperson for Mythical Games, in an email statement to The Block.</p> <h2>A gaming unicorn</h2> <p><span class="TextRun SCXW62080670 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW62080670 BCX0">The game development studio </span></span><a class="Hyperlink SCXW62080670 BCX0" href="https://www.theblock.co/linked/123306/gaming-startup-mythical-games-raises-150-million-in-series-c-round-led-by-a16z" target="_blank" rel="noreferrer noopener"><span class="TextRun Underlined SCXW62080670 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW62080670 BCX0" data-ccp-charstyle="Hyperlink">secured</span></span></a><span class="TextRun SCXW62080670 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW62080670 BCX0"> unicorn status in November of last year when it raised a $150 million Series C round, which brought its valuation to $1.25 billion. </span><span class="NormalTextRun SCXW62080670 BCX0">Andreessen Horowitz led the round. Other </span></span><a class="Hyperlink SCXW62080670 BCX0" href="https://www.crunchbase.com/organization/mythical-games/company_financials/investors" target="_blank" rel="noreferrer noopener"><span class="TextRun Underlined SCXW62080670 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW62080670 BCX0" data-ccp-charstyle="Hyperlink">backers</span></span></a><span class="TextRun SCXW62080670 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW62080670 BCX0"> of the startup include FTX, </span><span class="NormalTextRun SpellingErrorV2Themed SCXW62080670 BCX0">Binance</span> <span class="NormalTextRun SCXW62080670 BCX0">Labs, Galaxy </span><span class="NormalTextRun SCXW62080670 BCX0">Interactive, NBA</span><span class="NormalTextRun SCXW62080670 BCX0"> superstar Michael Jordan</span><span class="NormalTextRun SCXW62080670 BCX0"> and Alumni Ventures.</span></span><span class="EOP SCXW62080670 BCX0" data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Mythical Games has raised more than $270 million in funding, earning the majority of it — $225 million — in 2021, </span><span data-contrast="none">a</span><span data-contrast="none">ccordin</span><span data-contrast="auto">g to a <a href="https://www.theblock.co/linked/123306/gaming-startup-mythical-games-raises-150-million-in-series-c-round-led-by-a16z">company release</a>.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">The startup planned to use the funding to continue to expand its team and build out NFT-based, play-to-earn games.</span></p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/nft-non-fungible-tokens/gaming/weekly-sales-gaming-nfts/embed" title="Weekly Sales Gaming NFTs" width="100%"></iframe></p> <p><span data-contrast="auto">At the end of September, the startup </span><a href="https://www.theblock.co/post/173526/metaverse-unicorn-mythical-games-hopes-to-lure-mainstream-gamers-to-its-party"><span data-contrast="none">released</span></a><span data-contrast="auto"> its first game Blankos Block Party, a 3D multiplayer game on the Epic Games Store, the company behind Fortnite.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Mythical has three other web3 games </span><a href="https://www.theblock.co/post/173526/metaverse-unicorn-mythical-games-hopes-to-lure-mainstream-gamers-to-its-party"><span data-contrast="none">scheduled</span></a><span data-contrast="auto"> for release next year including NFL Rivals, which it is creating in partnership with the football league.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <h2>The executive exodus continues</h2> <p><span data-contrast="auto">Mythical isn’t the only company in the crypto industry to see executives depart. Yesterday Coinbase said Chief Product Officer Surojit Chatterjee has <a href="https://www.theblock.co/post/182404/coinbase-cpo-departs-as-exchange-restructures-product-team">left</a> the exchange as part of an overhaul of the exchange’s product team. </span></p> <p><span data-contrast="auto">In recent weeks, top executives from leading crypto firms such as FTX, Nydig, OpenSea and Genesis have also </span><a href="https://www.theblock.co/post/175764/crypto-executive-exits-continue-as-firms-trudge-through-bear-market"><span data-contrast="none">stepped down</span></a><span data-contrast="auto"> from their positions.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><em>This story has been updated to add a comment from Mythical Games.</em></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>