Immutable, King River Capital, Polygon Labs Set Up $100M Web3 Gaming Fund

Immutable, King River Capital, and Polygon Labs have joined forces to establish a $100 million Web3 gaming fund called the Inevitable Games Fund (IGF). The collaboration aims to identify investment opportunities in the fast-growing Web3 gaming sector and deploy the capital across game studios and Web3 infrastructure firms. The fund aims to capitalize on the rising popularity of Web3 gaming, which has attracted approximately $19 billion in investments since 2018. This innovative approach to gaming leverages blockchain technology and enables players to own in-game assets in the form of non-fungible tokens (NFTs) or other digital property. With this new fund, the partnership between Immutable and Polygon Labs continues to accelerate the development of Web3 gaming after their initial collaboration announcement one year ago.

Immutable, King River Capital, Polygon Labs Set Up $100M Web3 Gaming Fund

Web3 gaming developer platform Immutable and venture capital company King River Capital have joined forces to create the Inevitable Games Fund (IGF), a $100 million fund focused on high-growth opportunities in Web3 gaming. Polygon Labs will also collaborate on the fund, with Immutable and Polygon Labs identifying investment opportunities and King River managing the investment process and deploying capital across game studios and Web3 infrastructure firms. This partnership aims to capitalize on the growing market for Web3 gaming, which offers players ownership of in-game assets through the use of non-fungible tokens (NFTs) and digital property.

Introduction to Web3 Gaming

Web3 gaming refers to video games that are hosted on blockchains and feature the use of NFTs and digital property to give players ownership of in-game assets. This concept provides players with greater control and ownership over their gaming experience and assets, creating a more immersive and interactive gameplay. By utilizing blockchain technology, Web3 gaming offers new opportunities for decentralized economies within games, allowing players to participate in the economy of the virtual world and potentially earn real-world value from their gaming activities.

The Growing Market for Web3 Gaming

Investment in the Web3 gaming industry has been steadily increasing in recent years. In 2023, blockchain gaming-related funding rounds reached $1.7 billion, indicating the growing interest and potential in the sector. Immutable, as a key player in the Web3 gaming space, has witnessed this growth firsthand, with over 270 blockchain games currently in development on their platform. These statistics highlight the significant investment potential in Web3 gaming and demonstrate the increasing popularity and demand for these types of games.

Formation of the Inevitable Games Fund (IGF)

The Inevitable Games Fund (IGF) is a collaborative effort between Immutable, King River Capital, and Polygon Labs. The objective of the fund is to identify and invest in high-growth opportunities within the Web3 gaming industry. Immutable and Polygon Labs will be responsible for identifying these investment opportunities, while King River Capital will manage the investment process and deploy the capital across game studios and Web3 infrastructure firms. This partnership brings together the expertise and resources of each entity to maximize the potential for success in the Web3 gaming market.

Details of the Inevitable Games Fund

The Inevitable Games Fund has a fund size of $100 million, which will be used to invest in game studios and Web3 infrastructure firms. The fund will focus on supporting projects that show high growth potential and align with the vision of Web3 gaming. Immutable and Polygon Labs will play a crucial role in identifying these investment opportunities, leveraging their industry knowledge and networks to select the most promising projects. King River Capital will manage the investment process, ensuring that the capital is deployed effectively and efficiently to maximize returns.

Advantages of Web3 Gaming

Web3 gaming offers several advantages over traditional gaming models. One significant advantage is the greater player ownership and control over in-game assets. By utilizing NFTs and digital property, players can have full ownership of their virtual assets, allowing them to buy, sell, and trade them as they see fit. This ownership translates to real-world value, as players can potentially earn income from their in-game activities. Additionally, Web3 gaming has the potential to create decentralized economies within games, where players can participate in the creation and management of virtual economies, further enhancing the gaming experience and providing new opportunities for player engagement.

Previous Partnership Announcement

This partnership between Immutable and Polygon Labs is not their first collaboration in the Web3 gaming space. The two companies previously announced a partnership aimed at accelerating the development of Web3 gaming. This collaboration brought together the expertise of Immutable as a leading developer platform and Polygon Labs as a provider of scalable blockchain solutions. The partnership aimed to foster innovation and growth within the Web3 gaming industry, driving the adoption of blockchain technology and creating new opportunities for game developers and players alike.

Web3 Gaming Company Saltwater Raises Seed Funding

Saltwater, a prominent Web3 gaming company, recently raised $5.5 million in seed funding. The funding round was led by notable investors in the gaming and blockchain industries, demonstrating the strong interest and belief in the potential of Web3 gaming. Saltwater aims to leverage blockchain technology to create immersive and interactive gaming experiences, allowing players to truly own and control their in-game assets. The successful seed funding round will enable Saltwater to further develop its platform and expand its reach in the Web3 gaming market.

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Conclusion

The establishment of the Inevitable Games Fund (IGF) by Immutable, King River Capital, and Polygon Labs signals the growing interest and potential in the Web3 gaming industry. With a $100 million fund size, the IGF aims to identify high-growth opportunities in game studios and Web3 infrastructure firms. By leveraging the expertise and resources of each partner, the fund seeks to capitalize on the increasing demand for Web3 gaming and support projects that align with the vision of decentralized economies within games. This collaboration highlights the potential of Web3 gaming to revolutionize the gaming industry and create new opportunities for players and developers alike.