Immutable Raises $500 Million to Support Web 3 Gaming and NFT Projects
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The Australian NFT scaling platform – Immutable – introduced an inaugural $500 million developer and venture investment fund. The financing will be distributed to companies developing the Web3 ecosystem and non-fungible token (NFT) projects. In a recent interview for TechCrunch, Robbie Ferguson – Co-Founder and President of Immutable – asserted that the company’s primary goal is to integrate innovations in the Web3 gaming sector. As such, the firm will allocate the $500 million fund to developers that build blockchain-based games and NFT startups.
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