Mysten Labs is a web3 infrastructure development company and developer of the Sui Layer 1 blockchain. The company announced that it has entered a partnership with NCSoft, maker of Guild Wars, the Lineage series, and many others. As part of their partnership, NCSoft invested $15 million in Mysten Labs, in their Series B funding round that raised a total of $300 million.
Evan Cheng, Co-Founder and Chief Executive Officer of Mysten said,
“NCSOFT is a storied name in gaming with a rich legacy of building fun, innovative experiences that have attracted millions of loyal players worldwide. We are grateful for NCSOFT’s financial support and partnership, which is a strong testament to the power of Sui as the definitive blockchain for gaming applications.”
Dr. Songyee Yoon, President and Chief Strategy Officer of NCSoft added,
“Blockchain technology has the potential to create novel and innovative player experiences. We are excited to partner with Mysten, who shares our vision for the technology as a platform for a truly distributed player-centric economy, passion for community building, and trustworthy technology which is crucial for those who desire to build a platform of the desired scale and reach.”
The Series B funding round was led by FTX Ventures, and now has Mysten valued at more than $2 billion. Mysten was founded in 2021 and developed Sui, a decentralized, proof-of-stake blockchain.
