Mythical Games recently sued 3 of their former high ranking staff members. The legal charges were filed due to these 3 individuals secretly raising $150 million for a new Web3 gaming business.
Mythical Games recently sued 3 of their former high ranking staff members. The legal charges were filed due to these 3 individuals secretly raising $150 million for a new Web3 gaming business.This new venture of the trio is known as Fenix Games. The 3 people in question are senior vice president Chris Ko, chief operating officer and head of games Matt Nutt, and co-founder Rudy Koch.Foul play is fairly common within the crypto space, however this level of wrongdoing is certainly raising eyebrows.If you need more information about Mythical Games Find Themselves In A Sticky Lawsuit then read carefully and don’t forget to share with your friends.
Back in November, 3 left Legendary Games to start his new venture, Fenix Games. They all leave one after the other and then Fenix is announced. After going live, Fenix went out and published that they had secured a large investment amount from Cypher Capital, based in the United Arab Emirates.
“We believe very strongly in the protection of our intellectual property and corporate assets. In this instance, it was necessary to take these steps to rectify the situation and protect the corporate interest of the company, as towards our employees and investors. We have a duty. – Nate Nesbitt, Head of Communications at Mythical Games”.
Mythical Games has filed court cases against its former executive employees. Nutt, Ko and Koch face 10 charges. These cases involve fraud and breach of contract because of the fraudulent behavior by them when they were still employed by Legendary Games.The lawsuits are also demanding that the stolen funds be returned and seeking injunctions against the use and compensatory and punitive damages. Hopefully a conclusion can be found in the court as this is a huge headline coming from the web3 gaming industry.
Mythical Games is a Web3 gaming company that has gained notoriety in the past few months as crypto games have grown in popularity. They are responsible for creating 2 hugely popular titles, Blancos Block Party and NFL Rivals.Blancos Block Party, despite being in its early stages of development, has already done several highly coveted NFT collaborations with brands such as Amazon Prime Gaming and Burberry. They also release NFTs with artists that feature their own designs.
The team behind Mythical Games has worked on a host of highly rated titles enjoyed by millions of people around the world. These games include Call of Duty, Guitar Hero and Skylanders.It’s no wonder why so many people play their games and why investment firms like Andreessen Horowitz (a16z) are giving Mythical Games millions of dollars in funding to develop their current and upcoming projects.