Immutable, the company behind the popular Gods Unchained blockchain trading card game
6/17/2022, 11:05 PM
Since its establishment in 2018, Immutable – an Australian NFT scaling platform – has been working on integrating innovations in the Web3 gaming sector. In order to achieve this, the company has created a $500 million developer and venture investment fund that will be distributed to companies developing the Web3 ecosystem and non-fungible token (NFT) projects.
This is a significant amount of money, and it is clear that Immutable is very serious about supporting the growth of the blockchain-based gaming industry. This is an industry that is still in its early stages of development, but which has immense potential. With the right support, it could grow to be worth $1 trillion in the future.
Immutable's primary goal is to make it easy for developers to create blockchain-based games and NFTs. In order to achieve this, the company will allocate the $500 million fund to developers that build blockchain-based games and NFT startups. This will provide them with the resources they need to create innovative new products.
The fund was amassed from venture partners of Immutable and cash backed on the firm's balance sheet. Prominent investors like Animoca Brands, GameStop, BITKRAFT, Arrington Capital, and Double Peak collaborated on the financing.
This is not the first time that Immutable has raised money to support the development of the blockchain gaming industry. In March this year, the company closed a $200 million funding round led by the Singaporean investment giant Temasek. Other renowned investors, including Arrington Capital, Princeville Capital, and ParaFi Capital, took part too.
With this latest round of funding, Immutable is well-positioned to support the growth of the blockchain gaming industry. The company's experience and expertise in the sector, combined with its strong financial backing, make it a key player in this exciting new industry.
This is a significant amount of money, and it is clear that Immutable is very serious about supporting the growth of the blockchain-based gaming industry. This is an industry that is still in its early stages of development, but which has immense potential. With the right support, it could grow to be worth $1 trillion in the future.
Immutable's primary goal is to make it easy for developers to create blockchain-based games and NFTs. In order to achieve this, the company will allocate the $500 million fund to developers that build blockchain-based games and NFT startups. This will provide them with the resources they need to create innovative new products.
The fund was amassed from venture partners of Immutable and cash backed on the firm's balance sheet. Prominent investors like Animoca Brands, GameStop, BITKRAFT, Arrington Capital, and Double Peak collaborated on the financing.
This is not the first time that Immutable has raised money to support the development of the blockchain gaming industry. In March this year, the company closed a $200 million funding round led by the Singaporean investment giant Temasek. Other renowned investors, including Arrington Capital, Princeville Capital, and ParaFi Capital, took part too.
With this latest round of funding, Immutable is well-positioned to support the growth of the blockchain gaming industry. The company's experience and expertise in the sector, combined with its strong financial backing, make it a key player in this exciting new industry.