Venture firms Immutable and King River Capital, along with blockchain firm Polygon Labs, have joined forces to set up a $100 million fund called the Inevitable Games Fund (IGF). This fund aims to support the growth and development of the gaming industry, particularly in the realm of blockchain technology.
The IGF is a first-of-its-kind fund that will focus on investing in blockchain-based games and gaming platforms. With the rise of blockchain technology, the gaming industry has seen a significant shift towards decentralized and player-owned games. This has opened up a whole new world of possibilities for gamers, developers, and investors alike.
The IGF is a collaboration between three major players in the industry, each bringing their unique expertise and resources to the table. Immutable, a leading blockchain gaming company, is known for its popular game Gods Unchained, which has gained a massive following in the gaming community. King River Capital, a venture capital firm, has a strong track record of investing in successful gaming companies. And Polygon Labs, a blockchain technology company, has been at the forefront of developing innovative solutions for the gaming industry.
The IGF has been established with the aim of supporting and nurturing the growth of blockchain-based games. The fund will provide financial backing to promising gaming projects, as well as mentorship and guidance from industry experts. This will not only help these projects to flourish but also contribute to the overall growth of the gaming industry.
The gaming industry has been rapidly evolving, and the integration of blockchain technology has opened up new avenues for growth and innovation. Blockchain technology offers a decentralized and transparent platform for gaming, allowing players to truly own their in-game assets and have a say in the development of the games they love. This has led to a surge in the popularity of blockchain-based games, with more and more players and developers embracing this technology.
The IGF aims to capitalize on this trend and support the development of groundbreaking games that will revolutionize the industry. With a fund of $100 million, the IGF has the potential to make a significant impact on the gaming landscape. This fund will not only provide financial support but also act as a catalyst for innovation and creativity in the gaming industry.
The IGF has already made its first investment in the form of a $5 million backing for the game Guild of Guardians. This game, developed by Immutable, is a multiplayer role-playing game that utilizes blockchain technology to allow players to truly own their in-game assets. This investment is a testament to the IGF’s commitment to supporting innovative and promising gaming projects.
The IGF has also announced that it will be investing in other gaming projects, including those that are still in the early stages of development. This is a significant step towards fostering a thriving ecosystem for blockchain-based games, where developers can receive the necessary support and resources to bring their ideas to life.
The establishment of the IGF is a clear indication of the growing interest and potential of blockchain technology in the gaming industry. This fund will not only benefit developers and investors but also players who will have access to a wider range of innovative and player-owned games.
The IGF has also received support from industry leaders, with many expressing their excitement about the fund’s potential to drive growth and innovation in the gaming industry. The CEO of Immutable, James Ferguson, stated, “We are thrilled to be partnering with King River Capital and Polygon Labs to launch the Inevitable Games Fund. This fund will provide much-needed support to the growing number of blockchain-based games and help to accelerate the adoption of this technology in the gaming industry.”
The Inevitable Games Fund is a game-changer for the gaming industry, and its impact will be felt for years to come. With the support of Immutable, King River Capital, and Polygon Labs, this fund has the potential to shape the future of gaming and pave the way for a more decentralized and player-centric gaming experience. The IGF is a testament to the endless possibilities that arise when technology and gaming come together, and we can’t wait to see what the future holds for this exciting industry.
