Immutable, Polygon Launch $100M Web3 Gaming Fund

Polygon Labs and Immutable have joined forces to establish a $100M fund, the Inevitable Games Fund dedicated solely to Web3 gaming.

Polygon Labs, which is well-known for its significant contributions to the blockchain infrastructure, and Immutable, a firm that specializes in the development of blockchain technology, have announced a cooperation to build a $100 million fund that will be entirely devoted to Web3 gaming.

Through the formation of this cooperation, the goal is to encourage the development of gaming businesses in the blockchain space that are in their early stages, ensuring outstanding growth in the growing field.

The Inevitable Games Fund (IGF), which was recently established, is intended to be an ecosystem-agnostic fund that emphasizes the potential of Web3 gaming independent of the blockchain technology that is being utilized.

The implementation of this strategy provides a wide range of investment opportunities to foster innovation and development across the whole sector.

King River Capital, a venture capital firm that utilizes its experience in digital asset investing to choose and provide support to the most promising gaming businesses, will be in charge of the investment strategy that the fund will implement.

Because of Immutable and Polygon Labs’ expertise in blockchain technology and gaming, the fund can recognize and cultivate business opportunities that are just beginning to emerge.

The collaboration, conversely, can reap the benefits of several well-established partnerships and mutual investments, which serve as a foundation for a concerted effort to advance the Web3 content business.

Through the Initial Funding Round of the Inevitable Games Fund, the company has already achieved its first significant milestone by raising $30 million.

This demonstrates that the company has a great deal of faith in its purpose and leadership. The fund aims to address the increasing demand for a transformative gaming experience by leveraging blockchain technology.

This will allow gamers to have an unprecedented amount of control over their digital games. As a consequence of this, investments will concentrate on several different sectors within the gaming ecosystem.

These sectors include game production studios and infrastructure providers, laying the foundation for the next generation of Web3 games.

Through the implementation of such a strategy, the fund intends to promote the utilization of blockchain technology within the gaming sector, with the ultimate goal of creating a digital environment that is more participatory and engaging.

Web3 Gaming Ecosystem

The Web3 gaming industry is experiencing exponential growth due to the significant investment in games that utilize blockchain technology.

As a result of this investment boom, there has been a universal acknowledgment of the benefits that blockchain technology can bring to the gaming industry in the search for new models of player involvement, distribution, and development.

The Inevitable Game Fund, on the other hand, is one of the first organizations to bring about this change. Its primary objective is to hasten the transition of gaming into a category that is consumer-oriented and decentralized.

Simultaneously, as the Web3 gaming sector reaches a critical stage, developers and investors are frantically trying to capitalize on the growing interest in blockchain-based gaming.

The fund is supposed to be a significant participant in defining the future of gaming by providing funding for new initiatives that will transform the paradigm of playing and acting in the digital world. It is geared toward businesses that are in their early stages of development.