20/06/2022 NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Immutable Ventures will work with groups including Animoca and GameStop.

CoinDesk - Unknown

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, TikTok, Opensea, Ember Sword and more.
  • In March, Immutableraised $200 millionin a Series C funding round that was led by Singapore state investment fund Temasek at a $2.5 billion valuation.
Arts

https://www.coindesk.com/business/2022/06/17/nft-platform-immutable-launches-500m-venture-fund-for-web3-games/

Interesting NFTs
Dreaming at Dusk
More than 15 years ago, Tor onion services were brought to digital life. An ecosystem of onions has been blooming ever since. To commemorate this landmark in the history of privacy, we collaborated with @ixshells to create a one-of-a-kind digital artifact: a generative art piece derived using the private key of the very first onion service, duskgytldkxiuqc6.onion. This auction benefits the Tor Project, the nonprofit protecting your human right to privacy. 1020*1280 / 60fps / .mp4 / RSA1024
Not Forgotten, But Gone
Not Forgotten, But Gone by WhIsBe
Cyberfashion
Animated digital collage, based on ai generated images combined with my original 3d artwork and sound. A futuristic runway model, metaphorically revealing the (cyber-) fashion world and its perpetual quest.
#53677
By OthersideDeployer
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?