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Gaming portal Kongregate and Ethereum startup Immutable have launched a $40 million fund focused on creating blockchain games. ℹ https://t.co/dwebN5neDA — Congress Gate | We’re Hiring! (@congregate) 26
Gaming portal Kongregate and Ethereum startup Immutable have launched a $40 million fund focused on creating blockchain games.
ℹ https://t.co/dwebN5neDA
— Congress Gate | We’re Hiring! (@congregate) 26 May 2022
The build consists of an IMX token pool. The assets will act as grants for blockchain gaming integration on Kongregate.com.
IMX is billed as “Stripes for NFT” and enables gasless issuance and trading of non-tradable tokens on Immutable X’s Ethereum-based L2 solution.
The funding will allow Kongregate to rebrand and further position itself as a Web3 gaming-focused portal.
The process means:
Since 2006 the company’s website has been a hub for Web2 games – over 128,000 free apps are available for users
In February of this year, Kongregate partnered with Immutable to integrate NFT into games.
Recall that in March, Immutable raised $200 million at a valuation of $2.5 billion.
Andreessen Horowitz previously launched a $600 million fund focused on “game infrastructure and metaverse technologies.”
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
