logo
logo

Immutable Raises $200 Million To Bring Blockchain Gaming To The Masses

Mar 07, 2022•over 3 years ago

Amount Raised

$200 Million

SydneyInformation Technology

Description

Immutable, which is powering the world of NFTs as the leading carbon-neutral, scalable platform for trading NFTs on Ethereum, today announced it secured $200 million in Series C financing led by Temasek, with investments from leading blockchain game juggernaut Animoca Brands and technology company Tencent, bringing its valuation to $2.5 billion. ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset and Liberty Global also joined the round as new investors. King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research all increased their existing investments in Immutable.

Company Information

Company

Immutable

Location

Sydney, New South Wales, Australia

About

Sydney-based Immutable and its industry leading platform Immutable X is a pioneer in NFT technology, focused on Layer 2 liquidity solutions that bring scalability, affordability and power to the Ethereum NFT ecosystem. The protocol, powered by StarkWare's StarkEx innovative technology, can process 9000 transactions per second (TPS) with zero gas fees, and offers easy on-and-off ramps in a carbon-neutral environment. Immutable X is powering the world of NFTs through high-performance minting and trading, with all of the security and decentralization that Ethereum provides. Immutable X has already announced integrations with leading marketplaces such as OpenSea and Mintable, and is powering some of the largest NFT projects and games including Gods Unchained (the second largest blockchain game by players) Guild of Guardians, Ember Sword, ESL Gaming, GreenPark Sports, Illuvium, Vee Friends, TikTok and many more. Immutable is the parent company of Immutable X and is a developer and publisher of leading NFT games, including Gods Unchained and Guild of Guardians. Immutable was founded in 2018 by James Ferguson, Robbie Ferguson and Alex Connolly. To learn more about Immutable visit: https://www.immutable.com/ Immutable social media: LinkedIn, Twitter, Medium, Discord SOURCE Immutable

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People