Two of the world’s most prominent blockchain entities, Immutable and polygonhave teamed up to launch the ‘Inevitable Games Fund’, a $100 million fund allocated to support web3 gaming.
At the helm of this ambitious initiative are Immutable co-founders James and Robbie Ferguson and Polygon co-founder Sandeep Nailwal, backed by a wide range of investors.
According to a recent X messageTogether, they will “identify best-in-class investment opportunities in the $1 billion+ global video game industry.”
The significant capital injection will benefit games on both networks, including popular blockchain titles Pixelmon, Metal coreGuild of Guardians and My Pet Hooligan.
Source:Substantial support from heavyweights
The Inevitable Games Fund has secured substantial grants from Polygon and Immutable, boosted by significant investments from King River Capital, Abu Dhabi’s Alpha Wave Ventures and other key contributors.
Leaders of Unchangeable and King River Capital will spearhead the donations. Meanwhile, Polygon Labs will leverage its industry expertise to facilitate critical procurement efforts.
Solid support from all parties involved underlines their collective commitment to driving the advancement of blockchain-based gaming – a sector differentiated from traditional gaming through NFTs and Play to earn mechanics.
Last year in particular, the blockchain gaming and metaverse worlds raked in $2.9 billion through 163 deals. Although data shows a decline from 2022, web3 gaming remained the primary focus of user activity in the dApp ecosystem throughout 2023.