Two of the world’s most outstanding blockchain entities, Immutable and Polygon, have teamed as much as launch the ‘Inevitable Video games Fund’—a $100 million fund allotted to bolster web3 gaming.
On the helm of this formidable initiative are Immutable’s Co-Founders, James and Robbie Ferguson, and Polygon’s Co-Founder, Sandeep Nailwal, supported by a various array of traders.
As per a latest X submit, collectively, they may “establish best-in-class funding alternatives throughout the $1B+ international online game trade.”
The hefty capital injection will profit video games on each networks, together with the favored blockchain titles Pixelmon, MetalCore, Guild of Guardians, and My Pet Hooligan.
Supply: X (Immutable)Substantial Help from Heavyweights
Inevitable Video games Fund has secured substantial grants from Polygon and Immutable, boosted by vital investments from King River Capital, Abu Dhabi’s Alpha Wave Ventures, and different key contributors.
Immutable and King River Capital leaders will spearhead endowments. In the meantime, Polygon Labs will leverage its trade experience to facilitate essential sourcing efforts.
Stable backing from all events concerned underscores their collective dedication to driving the development of blockchain-based gaming—a sector that distinguishes itself from conventional gaming via NFTs and Play-to-Earn mechanics.
Notably, all through the previous yr, the blockchain gaming and metaverse realms garnered $2.9 billion throughout 163 offers. Although knowledge exhibits a lower from 2022, web3 gaming remained the first focus of person exercise within the dApp ecosystem all through 2023.
