Immutable has successfully raised $200M in a funding round primarily led by Singaporean investment firm Temasek.
With this capital increase, Immutable s now valued at 2.5Bn and with plans to step up their marketing initiatives, ramp up game development and make pivotal hires globally to continue scaling the game and community.
The firm also will put the majority of the capital funded towards developing its Immutable X layer-2 scaling solution for non-fungible-tokens (NFTs) on the Ethereum Network.
Most notably, Animoca Brands, Alameda Research, and Tencent participated in the funding round as investors.
Robbie Ferguson, Immutable’s co-founder and president stated the following:
There are many titles on Immutable X including Guild of Guardians, War Riders and the flagship game Gods Unchained while GameStop announced the development of an NFT Marketplace on Immutable’s sidechain.
Stay always up to date:
🕹️Gaming Guild & Scholarships: Join our Discord.
📫Saturday Mail Recap: Subscribe for the Blockchain Gaming Digest.
We use affiliate links when possible. At no cost to you, we may earn some crypto or nfts.
While we strive for the accuracy of the content, we provide it “as-is.” We take no responsibility for any actions or results. We write about games, treat them as games. We don’t give investment advices. Always do your own, extensive research.