In collaboration with King River Capital and Polygon Labs, Immutable today announced its first return on its inevitable Game Fund (IGF) liquid investment.
The fund recorded 2.8 times the investment capital (MOIC) of investments that launched token generation events (TGEs) that were above 1.36 times seen by Bitcoin during the same period.
Supported by Alpha Wave Ventures, backed by Alpha Wave Global and Chimera Capital of Abu Dhabi Royal Group, IGF has invested in 16 gaming projects over the past nine months.
“The inevitable success of the Game Fund’s performance so far highlights the strength and resilience of the Web3 gaming division,” Robbie Ferguson, president of Immutable, said in a statement. “Web3 Gaming promotes a revolution in technology and content development, redefine how players will be rewarded for their time, and empower them to invest and shape the gaming community in the long term. This is a groundbreaking category and has an incredible opportunity for the most discerning strategic companies and investors to be extremely careful about it.”
Other early investors include Merit Circle, Mike Arrington and Arrington Capital, Sonic Boom Ventures’ Steve Kokinos, former CEO of Algorand and co-founder of Polygon Labs, Sandeep Nailwal It will be available.
“IGF’s outstanding performance in such a short time frame is a testament to the momentum and resilience of the situation in Web3 games,” said Zeb Rice, co-founder and managing partner of King River Capital. Masu. “The strong performance of the fund continues to strengthen its commitment to revolutionize the gaming industry through digital ownership and blockchain technology.”
Immutability and polygon represent the major driving forces of the Web3 gaming industry. 70% of total market share In the sector. Since launching IGF, Unchanging has established itself as the fastest growing Web3 gaming ecosystem, one of a total of 500 games and one of monthly active users (MAUS).
In 2024 alone, it has onboarded over 250 games, recorded 4.6 million sign-ups for its immutable passport onboarding platform, and has positioned itself as one of the most successful blockchain gaming companies operating today. It has been further strengthened.
Immutable is the global leader in the gaming mission to bring digital ownership to all players by making it safe and easy to build great Web3 games. Immutable’s gaming platform has installed over 500 funded games on the platform, raising over $300 million from major global investors such as Temasek, Tencent, Bitkraft, King River Capital and Galaxy.
The ever-changing gaming platform enables game studios and independent developers to safely and confidently build and launch successful games in Ethereum. Immutable is the first gaming platform to provide zero-knowledge (ZK) scaling solutions to the Ethereum community, offering developers ZK-based scaling solutions such as the immutable Zkevm powered by Polygon.
