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Immutable Secures $200M Funding, Reaches $2.5B Value

Immutable Secures $200M Funding, Reaches $2.5B Value

The NFT scaling platform has reached further success by receiving investments from the "global crypto hub."

With blockchain games seeing immense growth over the past several months, crypto investors are looking at potentially profitable investments into the emerging market.

Based on the report by Reuters, Immutable secured a $200 million fund, led by Temasek, and supported by ParaFi Capital, Tencent Holdings, Mirae Asset, Declaration Partners, etc.

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The latest funding has put the Australian startup at a valuation of $2.5 billion, with Robbie Ferguson, who is the co-founder and President of Immutable, stating that the capital raised will help expand the project "through M&A opportunities."

Immutable is widely known in the blockchain gaming community for its trading card game Gods Unchained, and the marketplace Immutable X where players are able to trade and sell their cards earned in-game.

While Immutable X can boast of its performance and a wide variety of NFTs, its transaction fees are still on the higher side.

Back in early February, the blockchain startup partnered with the scandalous video game retailer GameStop for an NFT marketplace. However, the project seemed to have been on a downward trajectory after reports of IMX tokens, given as grants to GameStop, were dumped by the game retailer.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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