Mythical Games settles case with Fenix Games, which lost its $150M in funding and founders

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.