.Immutable launched a $500M venture fund focused on Web3 games. The new venture fund will also build on the Immutable X protocol through token grants and investments. mikeybellusci reports,
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 a Series C funding round that was led by Singapore state investment fund Temasek at a $2.5 billion valuation.
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