Two of the most prominent blockchain entities in the world, Immutable and polygonhave teamed up to launch the 'Inevitable Games Fund', a $100 million fund allocated to boost web3 gaming.
Leading this ambitious funding initiative are Immutable co-founders James and Robbie Ferguson and Polygon co-founder Sandeep Nailwal.
According to a recent x publicationTogether, they will “identify best-in-class investment opportunities in the billion-dollar-plus global video game industry.”
The substantial capital injection will benefit games on both networks, initially including popular blockchain titles Pixelmon, Metal coreGuardian Guild and My Pet Hooligan.
Source: X (Immutable)Substantial support from heavyweights
Inevitable Games Fund has garnered substantial support from Polygon and Immutable, complemented by significant investments from King River Capital, Abu Dhabi's Alpha Wave Ventures, and other key investors.
Leaders Immutable and King River Capital will lead the fund, while Polygon Labs will leverage its industry expertise to facilitate crucial sourcing efforts.
The strong support from all parties involved underscores their collective dedication to driving the advancement of blockchain-based gaming, a sector that distinguishes itself from traditional gaming through NFTs and Play to win mechanics.
Notably, over the past year, the blockchain and metaverse gaming sectors raised $2.9 billion across 163 deals. Although the data shows a decrease from 2022, web3 games remained the main focus of user activity in the dApp ecosystem during 2023.
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