Share this article
NFT Platform Immutable Launches $500M Venture Fund for Web3 Games
Immutable Ventures will work with groups including Animoca and GameStop.
Updated May 11, 2023, 5:44 p.m. Published Jun 17, 2022, 5:09 p.m. 1 min read
Non-fungible token (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 (GME), 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.
More For You
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
What to know:
- FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, according to a source.
- The crypto prime broker, last valued at $8 billion in 2022, serves institutional clients including hedge funds, asset managers and market makers.
- Cooling investor sentiment, weaker trading...
Top Stories
