Web3 Game Developer Mythical Games Loses 3 Top Executives

SVP Chris Ko, COO Matt Nutt and co-founder Rudy Koch announced their departures on Wednesday. Each hinted at new ventures.

AccessTimeIconNov 3, 2022 at 7:25 p.m. UTC
Updated Nov 3, 2022 at 7:44 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Three top executives at Web3 game developer Mythical Games announced their departures from the company on Wednesday.

Senior Vice President Chris Ko, Chief Operating Officer and head of games Matt Nutt and co-founder Rudy Koch each posted about their exits on LinkedIn, sharing details about upcoming opportunities.

Koch, who had worked at the gaming giant for four years, wrote that he’s “not finished with Web3” and has a “new venture cooking.”

Ko and Nutt, both veterans of gaming company Electronic Arts, each wrote that they’re in “stealth mode” on a new project and will share more information next week. It’s not immediately clear if the former executives are working on related projects.

“We are grateful to them for their leadership and the significant contributions they’ve made in helping the company get to this point, and wish them the best in the future,” said a representative from Mythical.

The successful Web3 game developer has moved away from traditional corporate structures in recent months, favoring a more decentralized approach. In October, the company created the Mythical Foundation in an effort to decentralize the gaming ecosystem. The move also introduced the Mythos DAO and related governance token running on an Ethereum-adjacent chain the company announced in August.

The departures also follow a trend of top-level exits from crypto companies coined “the great resignation.” In August, Michael Saylor scaled back his role as CEO of MicroStrategy to serve as executive chairman. In September, Kraken CEO Jesse Powell left the exchange he helped establish. A week later, Brett Harrison stepped down as president of brokerage platform FTX.US.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Cam Thompson

Cam Thompson was a news reporter at CoinDesk.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.