IMMUTABLE, ONE OF THE BIGGEST METAVERSE PLATFORMS, IS SET TO INVEST 500 MILLION DOLLARS IN WEB3 GAME DEVELOPMENT!
This news does not come out of the blue, as Immutable has created a Web3 platform where blockchain projects can be built.
The purpose of the new Web3 gaming firm is to fund Web3 games and NFT projects that are set to be built on its layer-2 platform. Some famous brands using the Immutable X platforms include OpenSea, Illuvium, and TikTok.
According to the statement, the fund will be divided into Ventures and Grants. Various brands will come together to create an investment fund that will benefit the projects built on their platform. And for Grants, the team is working with “Riot Games” to provide applicants with extensive knowledge of tokenomics, game design, and marketing to launch the best experience possible on their protocol.