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Market News

Metaverse Streaming Platform Polystream Acquired By Mythical Games

The acquisition of Polystream brings the total number of Mythical employees to over 200.

Written By Richa Bhagat Richa Bhagat
Published January 19, 2022 2:57 PM·Updated 8 months ago
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Mythical Games acquire Polystream

In Brief:

  • Polystream allows users to stream real-time 3D content and engage with content without downloading it. 
  • Mythical hopes to decentralise game publishing by utilising Polystream’s cloud-native infrastructure.

Mythical Games, a play-to-earn gaming company has announced the acquisition of Polystream, a company whose interactive streaming platform is revolutionising the way real-time 3D material is transmitted at scale.

Polystream’s ground-breaking technology seamlessly delivers everything needed for exceptional interactive 3D consumer entertainment, allowing gamers and non-gamers alike to connect with the material they love without having to download large gaming clients.

“I believe the combination of the Mythical Platform and Polystream’s revolutionary approach to command streaming fulfils massive components of the web3 ideology referred to as the ‘Metaverse’,” said John Linden, CEO of Mythical Games, in a statement. 

Polystream’s purchase takes the total number of Mythical workers to over 200, and the company, which was named one of Inc.’s Best Places to Work in 2021.

Did someone say #ACQUISITION? 😀

We are thrilled to share our own news big today; Polystream is now part of @playmythical – and together we already have those #Metaverse building blocks Phil needs 😉

— Polystream (@Polystream) January 18, 2022

The gaming industry has recognised the potential of the Play-To-Earn gaming model in a variety of methods that allow people to earn money in exchange for playing games. This gaming concept grew in popularity so quickly that some players began to view it as their sole source of income, fostering an open gaming economy in which anybody can join and make money by playing games that might otherwise be considered a leisure activity.

Polystream, based in Guildford, UK, will serve as a European hub for Mythical, with Polystream co-founders Bruce Grove and Adam Billyard joining the senior leadership team.

“Our aim, from day one, was to disrupt everything we knew about cloud native gaming,” said Bruce Grove, co-founder and CEO of Polystream. “I can’t explain how ecstatic I am that, as part of Mythical Games, our platform will now bridge the gap between blockchain-based technology and millions of consumers, providing the benefits of NFT gaming to a far wider audience”.

Mythical hopes to decentralise game publishing by utilising Polystream’s cloud-native infrastructure as well as its own unique economic engine to more thoroughly bridge the gap between blockchain and mainstream gaming.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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