NFT Platform Immutable Launches $500M Capital Fund for Web3 Games
Immutable, an NFT scaling platform, has launched a $500 million venture capital fund that focuses exclusively on Web 3 Games and NFT Projects. according to a statement Friday.
The new venture fund will also expand on the Immutable X protocol by investing in token grants and investment. IMX is Immutable X’s native token.
Immutable stated that the fund will work with crypto- and gaming investors such as BITKRAFT and Animoca.
Immutable Ventures invested in Web3 companies as well as NFT startups, including Starkware and Stardust, PlanetQuest, and Topology.
Immutable is home to many names such as GameStop and TikTok. Opensea, Ember Sword, Opensea, Opensea, Opensea, Ember Sword, and many 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.