A metaverse coin that emerged in partnership with Warner Bros., one of the world’s largest film and production companies, gained over 5% amid Silvergate-driven sales.
Warner Bros. has signed with this metaverse coin
ImmutableX (IMX) will work indirectly with Warner Bros. Altcoin project, Warner Bros. Developed by Discovery Sports, it has launched its network for the mobile Web3 game Blocklete Golf.
Blocklete Golf is a golf management game where players participate in online golf tournaments and offer golf experience on dynamic courses. It uses the Flow infrastructure, which provides a play-and-win model that allows players to collect, trade, and compete with NFTs.
ImmutableX (IMX) price peaked after the news
IMX, which is ranked 67th by market value, increased its earnings over 5% in the last 24 hours after the Warner Bros partnership news. IMC price rallied from its intraday low of $0.8958 to $1.06. The altcoin is trading at $1.02 at the time of writing. He retains most of his earnings after the news.
Play-to-win games take precedence over traditional games
Turner Sports’ Blocklete Games, part of Warner Media last week, launched the second season of its blockchain-based play-to-win game Blocklete Golf on mobile last week. The game was first released in fall 2020 and has been relaunched as open beta on Android and iOS. Players can manage the careers of upgradeable and NFT golfers with other players.
Originally released as a free online golf simulation game, Blocklete Golf’s relaunch as an NFT-based play-to-play game aims to capitalize on the massive growth experienced in the overall NFT market in 2021.
Blocklete Golf was originally built on Ethereum but later migrated to the Flow network. This is speculated to have something to do with Flow’s low transaction costs and the fact that Flow hosts other high-profile sports NFT projects such as NBA Top Shot and NFL All Day. Flow provides a play and win model and is specifically designed for the creation of NFTs and Blockchain based games. Coinbase Cloud will provide the payment infrastructure for Blocklete Golf to run on Flow.
Immutable executives highlight Web3’s role in crypto adoption
Andrew Sorokovsky, vice president of global business development at Immutable, said in a statement: “Their commitment to pushing the boundaries and adopting Web3 early proves that decentralized solutions are fast on the road to mass adoption – giving millions of people new and innovative ways to interact with their entertainment environments while giving them complete control over their digital assets. offers exciting avenues.”
