HYPERITHM Co., Ltd.
Hyperithm invests in Mythic Protocol, a Web3 ecosystem specializing in collaboration between games
HYPERITHM Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director: Lloyd Lee) is pleased to announce that it has invested in “Mythic Protocol”.
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About Mythic Protocol
Mythic Protocol is a collaborative entertainment company that develops games, media, tools, and platforms that enable the creation of the world’s first decentralized IP. Their first products, Mythic Protocol Riftstorm, Mythic Repository, and Decentralized Universal Meta, are built to capture and serve the interests of gamers and creators around the world.
Mythic Protocol was founded by veteran game developers Arief Widhiyasa (founder of Agate, Forbes Asia 30 under 30 award winner) and Igor Tanzil (former Agate CMO & CCO, founder of Critical Forge, former DDB advertising creative). We aim to challenge and innovate in the developing entertainment space. Innovative and attuned to market trends, the team has built a Web3 ecosystem focused on game-to-game collaboration that leverages game-first strategies to acquire, retain, and grow users. Did. Collaboration is a key keyword that resonates throughout the project, combining creativity (ideas matter) and results (action matters), providing a unique experience for creators and consumers.
Mythic Protocol is comprised of more than 130 team members worldwide, including Caravan Studio, veteran game developers, and technical experts from Microsoft, Symantec, and more.
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Product page: https://www.mythicprotocol.com/
Comment from Arief Widhiyasa, CEO of Mythic Protocol
The game industry enters a new technology cycle every 25 years. The rise of semiconductors gave birth to the gaming industry, spurring a cycle focused on solving the fundamental problem of “fun,” and inventing many of the game genres we know today. Fueled by the Internet and mobile computing, the second cycle was eager to bring gaming to the masses, giving rise to free-to-play and freemium business models. I believe the next cycle will come. This cycle will be driven by decentralized computing (blockchain) and artificial intelligence (AI). The next problem to be solved is user participation in the economy and value generation.
Comment from Hyperithm CEO Lloyd Lee
Web3 games are often criticized for not being fun or having a bad token economy, but I think Mythic Protocol has created a fun game with high replayability. After many playtests within our team, we are confident that this project incorporates the best elements of Web3 and solves the problems surrounding the token economy for Web3 gamers. About Hyperithm Group
Since its founding in January 2018, Hyperithm has been operating a crypto asset wealth management business targeting institutional investors based in Japan and South Korea. In Japan, we have completed the notification of special business operations for qualified institutional investors, etc., and in South Korea, we have completed the notification of a crypto asset business equivalent to the crypto asset exchange business in Japan. In March 2022, we raised funding from Coinbase Ventures in a Series B bridge round. From May 2022, we will begin operating Japan’s first Bitcoin-denominated fund based on special operations for qualified institutional investors.
Additionally, in June 2022, we established the Web3 Fund with the aim of revitalizing the Web3 ecosystem and are actively investing. 【Company Profile】
Company name: HYPERITHM Co., Ltd.
Representative: Representative Director Lloyd Lee
Head office location: FINOLAB, 4th floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo
Established: January 2018
Number of officers and employees: 30 (including affiliated companies) Overseas base: South Korea
Company website: https://hyperithm.jp
Hyperithm Invests in “Mythic Protocol,” the World-First Ecosystem of Entertainment Products
Hyperithm has invested in “Mythic Protocol,” a Collaborative Entertainment company that is developing games, media, tools, and platforms that will realize the creation of a world-first
About Mythic Protocol
Mythic Protocol is a Collaborative Entertainment company that is developing games, media, tools, and platforms that will realize the creation of a world-first decentralized IP. Its first products: Mythic Protocol Riftstorm, Mythic Repository and the Decentralized Universal Meta (on Blockchain) are being built to attract and cater to the collaborative desires of gamers, creatives, and creators around the world.
Initiated by game-development veterans, Arief Widhiyasa (Agate founder and a Forbes Asia 30 under 30 awardee) and Igor Tanzil (ex-Agate CMO & CCO, Critical Forge founder, and former advertising creative at DDB), the Mythic Protocol team sought to challenge and innovate within the fledgling entertainment space. Maintaining a vigilant eye towards market trends while practicing mindful innovation, the team identified a unique opportunity to build a Collaborative Entertainment ecosystem that utilizes a game-first strategy to acquire, retain, and scale users. Collaboration is the principal keyword echoed throughout the project, combined with creativity (where ideas matter) and consequence (where action matters), promising a unique experience for creatives, creators, and consumers alike.
As of release, Mythic Protocol currently employs over 130 team members spread across the globe, including entertainment industry luminaries from Caravan Studio, veteran game developers, and seasoned tech professionals from Microsoft, Symantec, and others.
For more information, visit: https://www.mythicprotocol.com/ Arief Widhiyasa, CEO of Mythic Protocol’s Comment
Almost like clockwork – every 25 years or so – the game industry experiences a new technology cycle. The rise of semiconductors gave birth to the game industry, prompting a cycle that focuses on solving the base issue of “fun” and inventing many of the game genres we know today. Driven by the internet and mobile computing, the second cycle was a rush to bring games and gaming to the masses – giving way to the free-to-play and freemium business models. I believe that next cycle is coming. This cycle will be driven by distributed computing (blockchain) and artificial intelligence (AI); where the next problem to solve is one of economy and user participation in value generation. Lloyd Lee, Hyperithm CEO’s Comment
Web3 games often encounter criticisms such as the game is not fun or the game has a bad token economy. Mythic Protocol is able to address these criticisms and has produced a fun and enjoyable game with great replayability. Following extensive playtesting sessions with the team, we are convinced that this project can bring the best elements of Web3 and solve the issues that surround the token economy for Web3 gamers. About Hyperithm Group
Since its foundation in 2018, Hyperithm, operating from Japan and Korea, has been heavily involved in developing its crypto asset wealth management business for an array of institutional investors as well as others. March 2022 marked another major milestone as Hyperithm completed a Series B bridge round funding from Coinbase Ventures. In May 2022, the company began managing Japan’s first Bitcoin-denominated fund under the Qualified Institutional Investors Exemption Program. In June 2022, we established a Web3 ecosystem fund with the aim of revitalizing the Web3 ecosystem and have been actively investing in promising projects that seek to positively contribute to the growth of Web3.
For more information, visit: https://hyperithm.jp
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HYPERITHM Co., Ltd.