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Immutable, a blockchain development company, and Polygon Labs, known for their significant contributions to blockchain infrastructure, have announced a partnership to create a $100 million fund dedicated to Web3 gaming. This partnership aims to accelerate early-stage development. game startup This ensures impressive growth in emerging areas.
Cooperation and Fund Purpose
The newly established fund, Inevitable Games Fund (IGF), is said to be ecosystem agnostic, focusing on the potential of Web3 games, regardless of the underlying blockchain technology. The strategy provides a number of investment options, targeting the creation and development of innovation across industries. The fund’s investment strategy will be led by King River Capital, a venture capital firm that leverages its experience in digital asset investing to select and provide support to the most promising gaming startups.
Immutable and Polygon Labs’ blockchain and gaming expertise provides the fund with the ability to identify and develop emerging businesses. However, this partnership benefits from a number of established alliances and mutual investments, providing a platform to unite and advance the Web3 gaming industry.
Fund milestones and investment focus
Inevitable Games Fund’s first round of funding has already reached its first major milestone with $30 million raised, demonstrating high confidence in the company’s mission and leadership. The fund targets the growing need for innovative gaming experiences implemented through blockchain technology to give gamers an unparalleled level of control in the digital world.
As a result, investments will be focused on several sectors of the gaming ecosystem that are preparing the foundations for the next generation of games, such as game development studios and infrastructure providers. Web3 games. With this approach, the fund aims to promote the use of blockchain technology in the gaming industry and develop a more engaging and interactive digital environment.
Web3 game ecosystem
of Web3 Game field is growing exponentially, with billions of dollars invested in creating games that use blockchain. This investment boom coincides with a public recognition of the opportunities that blockchain technology can offer to the gaming sector as it pursues new development, distribution, and player engagement models. But one of the first moves of this change is the Inevitable Game Fund, which is focused on accelerating the transformation of gaming into a decentralized, consumer-driven category.
At the same time, the Fund is being established at a time when the Web3 gaming industry is at a critical juncture: Developer And investors are scrambling to take advantage of the growing interest in blockchain-based games. The fund is aimed at early-stage startups and is expected to play a key role in shaping the future of gaming, funding innovative projects that change the paradigm of play and behavior in the digital world. Masu.
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