Australia-based Web3 technologies firm Immutable has set up a $500 million fund to support projects in this field.
Immutable, which is working on scaling on the Ethereum blockchain, has raised this fund. New games using Web3 technologies developed and in the non-fungible token (NFT) field will use it to support working projects.
One of these projects is the Ethereum blockchain, known as Immutable X. secondary layer (Layer 2) They will be expected to use the platform that scales at the level of
Robbie Ferguson, co-founder of Immutable, is one of his biggest goals. Being able to scale web3 games says.
“We come across in the Web3 space. one of the biggest opportunities someone, gaming We think it is.” Ferguson said, “Thanks to Web3 of today’s gaming industry. “much bigger” He said he could do something.
Currently only tradable in games The total value of the assets is estimated to be around $100 billion. According to Ferguson’s predictions movies, series, music to take part in the games With the start of the year, this number can reach up to 1 trillion dollars.
500 million dollar fund “from several different places” Ferguson, who said that the fund was financed It will be used to create incentives in the Immutable ecosystem. stated.
During its activities, the fund will also cooperate with some other names operating in this field such as BITKRAFT, Animoca Brands, Arrington Capital, Double Peak, AirTree, King River Capital, GameStop.