09/03/2022 EXCLUSIVE NFT startup Immutable valued at $2.5 billion in Temasek-led financing

March 7 (Reuters) - Australian NFT startup Immutable has raised fresh funding from investors led by Singapore's Temasek in a round that values it at $2.5 billion, the company said on Monday, as it taps a surge in interest in cryptocurrency and NFT ventures.

Investors in the $200-million funding round include Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others, Immutable said.

The company had raised money at a valuation of $410 million in its previous funding round in 2021, it said.

Sydney-based Immutable is the developer of NFT games "Gods Unchained", an online game where trading is done through NFT cards, and "Guild of Guardians", a mobile game that allows players to earn tradeable rewards.

In February, it announced a partnership with GameStop(GME.N)to launch the videogame retailer's NFT marketplace alongside a fund worth $100 million dedicated to supporting creators of NFT content from gaming studios, Web3 and metaverse gaming.

NFTs (non-fungible tokens) are digital assets that exist on the blockchain and carry unique digital signatures that cannot be reproduced.

"We're excited to raise this capital so we can help deploy it aggressively through M&A opportunities," Immutable's co-founder and president, Robbie Ferguson, said.

In the past few years, large venture investors, celebrities and blue-chip companies have doubled down on crypto investments, betting on the potential of cryptocurrencies and the rapidly growing market for NFTs.

The global NFT market is already worth tens of billions of dollars.

Earlier this year, NFT platform Autograph, which was co-founded by professional football legend Tom Brady, raised $170 million from big-name Silicon Valley investors Andreessen Horowitz and Kleiner Perkins.

Immutable has also created Immutable X, a platform it says allows transactions to take place at a much faster rate compared to Ethereum, the second-largest blockchain network. The platform also requires low computing power and has a smaller environmental impact, Immutable says in its website.

Immutable had raised $60 million in its last funding.

Arts

https://www.reuters.com/technology/exclusive-nft-startup-immutable-valued-25-bln-temasek-led-financing-2022-03-07/

Interesting NFTs
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
Bobby
Ugh! Bobby here. I'm here to enjoy fighting the patriarchy and taking selfies. It's not common knowledge, but my ancestry connects me to Cleopatra. I think you'll love me beclaws I have cattitude.
Noodle Rock
soft body spline & hair simulations in cinema 4d
Like a Human 1 #3/3
Creative Challenge - 0xCert Collaboration
Lim Hedra #1/20