[ad_1]
Immutable X, the Ethereum layer 2 sidechain that made possible projects such as Gods Unchained and the recent Illuvium Land Sale, is launching a $500m fund to support web3 game development.
In March, Immutable closed a $200 million Series C round led by Singapore-based Temasek, which valued the firm at $2.5 billion. The company is now part of the ever-growing list of unicorns in the web3 space. Animoca Brands, the leading blockchain game distribution and venture capital company, also entered into the unicorn category after raising US$88.8 million in May, which valued the company at $1b.
The newly created fund is in collaboration with giants of the play to earn space such as Animoca Brands, GameStop, and more. Co-funds will increase the total audience and cash incentives. Alongside the new fund, Immutable X also announced a rebranding of the platform, which now includes a gaming studio department. The new website looks incredibly modern and very attractive to newcomers.
Immutable Developer & Venture Fund
[ad_2]
By: Giorgio B
www.playtoearn.online