Immutable unveils new $500 million Web3 gaming fund

Immutable launches $500 million fund

Fixedthe company to which we owe the dissolution of the second tier (tier 2) X is immutable The Ethereum (ETH) blockchain has been privatized, and a fund has been unveiled 500 million dollars To push the adoption of its platform by developers.

baptized fixed projects » This development fund will be used to support companies that want to structure themselves around the world Irreplaceable Tokens and Web 3.0 The X is immutable. These new assets will be published both In the form of IMX codes (unchangeable code) and cash.

This fund benefits from the support of key players in the ecosystem, such asAnimoca Brands (The Sandbox), BITKRAFT Ventures, GameStop, Arrington Capital, King River Capital, Air Tree, and Double Peak.

according to Robbie FergusonNFTs are still in their infancy, and Immutable has all the tools needed to further their development:

“Immutable Ventures will target NFT projects that interact with our growing digital ecosystem, knowing that we are only just beginning to scratch the surface of this ecosystem’s huge potential.”

In addition to promoting its own development tools, Immutable Ventures has also made Many strategic investments At companies that are also developing on Web 3.0 and NFTs, such as Starkware, Stardust, Topology and PlanetQuest.

👉 To go deeper – NFT: what is it and what is it for?

game development

X immutable, layer 2 of constant, integrate technology Evidence of Zero Knowledge From starkallowing thousands of transactions to be bundled into a single “bundle” before they are Validate on Ethereumwhich allows Leveraging the security of the native blockchain with warranty Nearly zero transaction fees.

This combination of benefits allows networks like immutable X Especially suitable for blockchain games and those based on NFTs, the latter requiring a large number of concurrent transactions.

That’s why, last February, Immutable announced a file Partnership with GameStop In order to encourage the development of the gaming sector on its platform, with already parallel a $100 million support fund.

Benefit from the great experience in this environment, especially thanks to the games Unchained GodsGuild of Guardians or Illuvium, Immutable and its partners will be able to offer solutions and advice to future developers wanting to build on the network.

This concerns in particular Icons, the development itself, the methods of marketing or financing. This is intended to drive adoption of the emerging genre of games, according to the president of Immutable:

“We are learning from creating two of the biggest blockchain games – Gods Unchained and Guild of Guardians – and hiring the smartest people from 2 web studios like Riot Games, to make getting into the gaming world simple and equivalent to the NFT of game studios.”

Thus, in a context where the cryptocurrency market is moving strongly, there are certain companies in the ecosystem Keep building through the storm. Last March, Immutable saw its rating reach $2.5 billion after raising $200 million.

👉 Going Ahead – Offers Layer 2 of stable Ethereum (ETH) (IMX) to host the BAYC metaverse

Source: PR Newswire

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About the author: Maximilian Pro

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Passionate about the world of decentralized finance and the novelties that Web 3.0 has brought, I write articles for Cryptoast to help make blockchain more accessible to everyone. I am convinced that cryptocurrency will change the future very soon.
All articles by Maximilien Prué.

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