NFT scaling platform Immutable launched a $500 million venture fund focused on Web 3 games and NFT projects, according to a statement Friday.
-
The new venture fund will also build on the Immutable X protocol through token grants and investments. IMX is Immutable X’s native token.
-
Immutable said the fund will collaborate with crypto and gaming investors including BITKRAFT, Animoca, Arrington Capital, Double Peak, Airtree, King River Capital and GameStop.
-
Immutable Ventures has invested in Web3 companies and NFT startups including Starkware, Stardust, PlanetQuest and Topology.
-
Some of the names already building on Immutable include GameStop, TikTok, Opensea, Ember Sword and more.
-
In March, Immutable raised $200 million in a Series C funding round that was led by Singapore state investment fund Temasek at a $2.5 billion valuation.
Earlier this year, GameStop partnered with Immutable X for the launch of its NFT marketplace.
Read more about
NFTsGamesGamingVenture CapitalFunds
The Festival for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now
BTC$20,626.60
2.59%
ETH$1,079.50
3.85%
BNB$214.61
1.30%
XRP$0.318284
0.05%
BUSD$0.999803
0.06%
View All Prices
Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.
