Fenix Games has teamed up with Immutable.
Fenix Games has teamed up with Immutable.
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Mythical Games settles case with Fenix Games, which lost its $150M in funding and founders

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Fenix Games said it raised $150 million in November 2022 to create a new kind of publisher for blockchain gaming. But then it was quickly sued by Mythical Games, the blockchain gaming company where its founders originated.

Today, Mythical Games said it reached a settlement with Fenix Games and its founders, and the announcement noted that Fenix Games founders are no longer at Fenix and that Fenix Games did not succeed in raising the $150 million.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.