Illuvium

Immutable Raises $200 Million To Bring Blockchain Gaming To The Masses

Retrieved on: 
Monday, March 7, 2022
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King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research all increased their existing investments in Immutable.

Key Points: 
  • King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research all increased their existing investments in Immutable.
  • Immutable will also use the funds to scale to meet the increasing demand for its platform and expand into new verticals, support gaming partners, acquire new customers, and explore M&A opportunities.
  • Current companies building on Immutable X include GameStop, TikTok, Opensea, Ember Sword, Illuvium, GreenPark Sports, and Gary Vee (Vee Friends).
  • Earlier this month, GameStop announced a strategic partnership with Immutable to launch its new NFT marketplace on the Immutable X platform.

Sulake's Habbo Chooses Immutable X to Boost NFT Experience for Thousands of Game Users Worldwide

Retrieved on: 
Wednesday, February 16, 2022
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SYDNEY, Feb. 16, 2022 /PRNewswire/ --Social entertainment company, Sulake , has chosen Immutable X , Ethereum's leading Layer 2 scaling solution for non-fungible tokens (NFT), to boost the full NFT experience for its 500,000+ monthly active Habbo users worldwide.

Key Points: 
  • SYDNEY, Feb. 16, 2022 /PRNewswire/ --Social entertainment company, Sulake , has chosen Immutable X , Ethereum's leading Layer 2 scaling solution for non-fungible tokens (NFT), to boost the full NFT experience for its 500,000+ monthly active Habbo users worldwide.
  • Habbo NFT focuses on combining its fun game experience with cutting-edge blockchain technology solutions, like Immutable X, to make Habbo fully Web3 compatible.
  • Users are able to show off or trade their newly collected avatars on NFT marketplace, OpenSea .
  • In addition, Immutable X has committed to offset any carbon footprint with certified climate conscious partners, Trace and Cool Effect, making every Habbo NFT 100% carbon neutral.

Kongregate Partners with Immutable X to Bring Fun to Blockchain

Retrieved on: 
Monday, February 14, 2022
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Immutable X's environmentally minded technology will ensure that these games will be enabled with gasless and fully carbon neutral NFTs.

Key Points: 
  • Immutable X's environmentally minded technology will ensure that these games will be enabled with gasless and fully carbon neutral NFTs.
  • Founded in 2006, Kongregate has a long history of developing and showcasing fun and innovative game experiences across platforms and technologies.
  • With today's announcement, they will continue that journey by developing two new titles, launching later this year, built on the blockchain.
  • The partnership with Immutable X will ensure that Kongregate's players are given the best NFT experience possible.

GameStop Selects Immutable’s Liquidity Solution for its Gaming-Focused NFT Marketplace; Parties Launch Up To $100 Million Fund To Advance High-Impact NFT Gaming Projects

Retrieved on: 
Thursday, February 3, 2022
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“Immutable is excited to be working with GameStop and leading gaming publishers to support genuine power to players. Gaming is now bigger than music and movies combined -- but the time and value that gamers invest cannot be turned into real economic value. GameStop, in partnership with Immutable, has the potential to cement itself as the ultimate destination for the next paradigm of gaming; true in-game economies that enable permissionless ownership of in-game items and value players for their time,” said Robbie Ferguson, co-founder of Immutable. “GameStop’s NFT marketplace will bring the power of an insanely strong community to its over 50 million users and every developer that launches on it, and our technology will make it faster, easier, and more affordable to do so - while being 100% carbon-neutral.”

Key Points: 
  • Today, Immutable , the first and leading layer-2 scaling solution for NFTs on Ethereum, announced GameStop will use the Immutable X liquidity platform to launch its NFT Marketplace that is expected to launch later this year.
  • Building on the Immutable X protocol will enable faster, more affordable, carbon-neutral and nearly limitless transactions on GameStops NFT marketplace, which is being built for launching gaming developer-focused NFT projects.
  • Immutable and GameStop are also creating an up to $100 million fund dedicated to providing grants to game developers and studios to build on Immutable X and the NFT Marketplace.
  • By building on Immutable X, GameStop is seeking to tap into Ethereums dominant and open ecosystem of NFTs, creating massive opportunities for participation and liquidity.

Immutable X Joins Stardust's Growing List of Blockchain Offerings for Game Publishers Looking to Integrate NFTs Into Games

Retrieved on: 
Tuesday, January 25, 2022
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Building on its blockchain-agnostic vision, Stardust is rapidly adding new blockchain options for game developers looking to integrate NFTs into their games with scale and speed at the forefront.

Key Points: 
  • Building on its blockchain-agnostic vision, Stardust is rapidly adding new blockchain options for game developers looking to integrate NFTs into their games with scale and speed at the forefront.
  • With ZK rollups, Immutable X is able to provide an ecosystem that is fast, cheap, and extremely secure."
  • Stardust powers the metaverse by making it possible for game developers to enable NFTs in their games with a blockchain-free API.
  • Enabling game developers to build on blockchain via their effortless back-end solution, Stardust provides a seamless ecosystem for game publishers to build and scale metaverse-ready games.

Tokens.com Launches Crypto Play-to-Earn Gaming and NFT Investment Platform

Retrieved on: 
Tuesday, January 18, 2022
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Alongside its crypto staking and Metaverse operations, Hulk Labs provides exposure to the gaming and NFT sectors for Tokens.com shareholders.

Key Points: 
  • Alongside its crypto staking and Metaverse operations, Hulk Labs provides exposure to the gaming and NFT sectors for Tokens.com shareholders.
  • Tokens.com is focused on bringing the most exciting growth areas of Web3 and crypto to its investors, said Andrew Kiguel, CEO, Tokens.com.
  • Tokens.coms CEO, Andrew Kiguel has previously commented on the strength of crypto gaming in Business Insider .
  • The Company acquires gaming tokens and NFTs and monetizes them through staking and gaming guilds.

LBank Establishes Dedicated GameFi Fund to Support Sector Development

Retrieved on: 
Friday, December 10, 2021
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The GameFi tokens are creating a buzz within the crypto industry with some, such as LBank, dedicating funds to its development.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - December 10, 2021) - LBank establishes a dedicated GameFi fund to support sector development.
  • Recognizing the potential of this field, LBank is paving way for GameFi projects by dedicating funds to their development.
  • Recognizing the potential of this field, LBank is paving way for GameFi projects by dedicating funds to their development.
  • The platform has established a dedicated GameFi fund in order to support early-stage projects and expand their influence in the blockchain space.