Two of the world’s most famous blockchain companies: Immutability and PolygonsThey collaborated to launch the ‘Inevitable Games Fund’, a $100 million fund earmarked to power Web3 games.
This ambitious initiative is led by Immutable co-founders James and Robbie Ferguson, and Polygon co-founder Sandeep Nailwal, and is backed by a variety of investors.
According to recent X postTogether, they will “identify the best investment opportunities across the $1 billion-plus global video game industry.”
The significant capital injection will benefit games on both networks, including popular blockchain title Pixelmon. metal coreGuild of Guardians, My Pet Hooligan, etc.
Source: X (immutable)Practical support from heavyweights
The Inevitable Games Fund has secured significant grants from Polygon and Immutable, backed by significant investments from King River Capital, Abu Dhabi’s Alpha Wave Ventures and other key contributors.
Leaders from Immutable and King River Capital will lead the endowment contributions. Meanwhile, Polygon Labs will leverage its industry expertise to facilitate critical sourcing activities.
sturdy support All parties involved emphasize their shared commitment to driving the advancement of blockchain-based gaming as distinct from traditional gaming through NFTs. Play-to-Earn Mechanism.
In particular, over the past year, the blockchain gaming and metaverse space has generated $2.9 billion from 163 transactions. Although the data showed a decline compared to 2022, web3 games remained the main focus of user activity in the dApp ecosystem throughout 2023.