Two of the world’s most prominent blockchain entities, Immutable and Polygon, have teamed up to launch the ‘Inevitable Games Fund’—a $100 million fund allocated to bolster web3 gaming. 

At the helm of this ambitious initiative are Immutable’s Co-Founders, James and Robbie Ferguson, and Polygon’s Co-Founder, Sandeep Nailwal, along numerous of investors. 

As per a recent X post, together, they will “identify best-in-class investment opportunities across the $1B+ global video game industry.”

The hefty capital injection will benefit games on both networks, including the popular blockchain titles Pixelmon, MetalCore, Guild of Guardians, and My Pet Hooligan.

immutable polygon web3 gaming
immutable polygon web3 gaming Source: X (Immutable)

Substantial Support from Heavyweights

Inevitable Games Fund has secured substantial grants from Polygon and Immutable, complemented by significant investments from King River Capital, Abu Dhabi’s Alpha Wave Ventures, and other key investors.

Immutable and King River Capital leaders will spearhead the endowment, while Polygon Labs will leverage their industry expertise to facilitate crucial sourcing efforts.

Robust support from all parties involved underscores their collective dedication to driving the advancement of blockchain-based gaming—a sector that distinguishes itself from traditional gaming through NFTs and Play-to-Earn mechanics

Notably, throughout the past year, the blockchain gaming and metaverse sectors garnered $2.9 billion across 163 deals. Though data shows a decrease from 2022, web3 gaming remained the primary focus of user activity in the dApp ecosystem throughout 2023.

Source link