NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Immutable Ventures will work with groups including Animoca and GameStop.

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.

Earlier this year,GameStop partnered with Immutable Xfor the launch of its NFT marketplace.

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

Immutable Ventures will work with groups including Animoca and GameStop.