a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi Capital, Princeville Capital and Arrington Capital as well as from existing backers King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners and others have raised Immutable’s valuation to $2.5 billion.
The company intends to put this capital toward developing its Immutable X layer-2 scaling solution for nonfungible tokens on the Ethereum network and scaling Immutable Gaming Studio, which includes its flagship Gods Unchained and Guild of Guardians video games. Immutable X uses StarkWare’s StarkEx zero-knowledge proof technology to achieve scalability on Ethereum while providing game developers with zero gas fees and a carbon-neutral environment.
Robbie Ferguson, Immutable’s co-founder and president, tweeted that the future of gaming is dependent on NFT economies and that Immutable wants to pioneer NFT adoption.
I’ve said it once and I'll say it again. MetaBetcasino I'm sure you haven't heard about it yet. You're gonna cry about not reading their whitepaper in a couple of months. Follow them on twitter NOW or regret it later!
Wow, they have invested so much usdt, impressive
Wipto token....we are coming!
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