Immutable Hit 100 Games After $200M Funding by Tencent

Immutable-Hit-100-Games-After-$200M-Funding-by-Tencent
  • Immutable currently has 12+ markets and about 100 games.
  • The firm completed a $200 million series C investment round in March.
  • Grants from the $IMX foundation have also grown to be among the most effective available.

Immutable currently has 12+ markets and about 100 games, according to co-founder Robbie Ferguson. However, more were won in the most recent quarter than in the previous two years put together.

This report was released following the $200 million Series C investment round that Immutable completed in March. The corporation was now valued at $2.5 billion.

Tencent and Animoca Brands were two of the significant investors in this round. The sum was raised by Immutable in a funding round that was coordinated by Temasek in Singapore. The government of Singapore owns the investment firm Temasek.

Notably, Immutable is renowned for creating NFT games that let players exchange NFTs and gain prizes, such as “God Unchained” and “Guild of Guardians.” Immutable X powers Gods Unchained, the second-largest blockchain game.

On the report of Robbie Ferguson, Immutable has built a global order book, unifying liquidity/trade everywhere. It has also built Cross-rollup liquidity (coming soon on StarkNet / Starkex).

Additionally, it has created extremely easy APIs that don’t require smart contracts, enforceable royalties (which are online right now), and a standard for all of Ethereum.

Grants from the $IMX foundation have also grown to be among the most effective available. For instance, during the past eight months, the average volume required to earn one $IMX via awards ranged from $15 to > $100. This results in an increase in efficiency of more than 6 times.

All of these collaborations and advancements aim to progress significant NFT gaming initiatives. Immutable previously noted that the company will utilize the money to scale in order to fulfill the growing demand for its platform. This entails diversifying into new industries and looking at merger and acquisition possibilities.

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