Bittime - Immutable, a blockchain development company, and Polygon Labs, known for its contributions to blockchain infrastructure, have just announced a collaboration to create a $100 million fund specifically for Web3 games.
What's the goal? To drive the growth of early stage blockchain gaming startups, and advance this rapidly growing sector.
Cooperation and Fund Objectives
This fund, called the Inevitable Games Fund (IGF), is not tied to a particular blockchain. This means they are open to the potential of any Web3 game, regardless of the blockchain technology used.
This strategy opens up broad investment opportunities, so it can support innovation and development throughout the blockchain-based gaming industry.
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The selection and funding of potential gaming startups will be carried out by King River Capital, a venture capital company experienced in digital asset investment. Immutable and Polygon Labs' expertise in blockchain and gaming will help IGF identify and grow emerging gaming businesses.
Apart from that, this collaboration is also supported by alliances and joint investments from other established companies, so that it can encourage the progress of the Web3 gaming industry as a whole.
Initial Achievements and Investment Focus
Inevitable Games Fund's initial funding round has reached $30 million, demonstrating high confidence in their mission and leadership. This fund will be focused on gamers' need for a revolutionary gaming experience using blockchain technology. That way, gamers can have greater control over their digital world.
Investment will be allocated to various sectors in the gaming ecosystem, such as game development studios and infrastructure providers. They are the ones who are building the foundation for the next generation of Web3 games.
With this approach, IGF aims to advance the use of blockchain technology in the gaming industry, and create a more engaging and interactive digital environment.
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Web3 Gaming Ecosystem
The Web3 gaming sector is growing rapidly. Billions of dollars are invested in creating games that use blockchain. This surge in investment is in line with awareness of the potential of blockchain technology to bring new innovations in the development, distribution and way players engage with games.
Inevitable Games Fund is one of the pioneers of this change. They are focused on accelerating the transformation of gaming into a decentralized, player-centric industry.
Appearing at an opportune time, as developers and investors alike are racing to capitalize on the interest in blockchain gaming, this fund is expected to be a key player in shaping the future of gaming.
They will fund innovative projects that will change the way we play and interact in the digital world.
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Also read:
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Immutable, Immutability in a Blockchain World
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