$100M Blockchain Gaming Fund Launched

Immutable and Polygon Labs, two trailblazers in Ethereum scaling solutions, have joined forces with venture capital powerhouse King River Capital to unveil the Inevitable Games Fund, a $100 million initiative dedicated to fostering innovation in blockchain gaming.

This strategic alliance, underpinned by a significant anchor commitment from Abu Dhabi’s Alpha Wave Ventures, signals a major vote of confidence in the burgeoning sector of Web3 gaming.

The fund has attracted a consortium of influential backers, including the crypto gaming community Merit Circle, as well as personal investments from Immutable’s co-founders James and Robbie Ferguson, and Sandeep Nailwal, the co-founder of Polygon Labs. Such a robust backing underscores the industry’s belief in the transformative potential of blockchain technology within the gaming sphere.

Guided principally by Immutable and King River Capital, with crucial support and insight from Polygon Labs, the Inevitable Games Fund stands at the vanguard of marrying venture capital acumen with deep industry expertise.

The collaboration has already borne fruit, with investments in seven pioneering projects, among which are standout titles like Pixelmon, MetalCore, Guild of Guardians, and My Pet Hooligan. These games exemplify the diversity and innovation at the heart of Web3 gaming, ranging from immersive monster battles and mech warfare to engaging role-playing and dynamic shooters.

The focus of these initial investments, predominantly on projects built on Immutable’s networks with the exception of My Pet Hooligan which leverages Polygon, illustrates the partners’ commitment to nurturing their ecosystem. However, the fund’s ambitions extend beyond its origins, aiming to catalyze development across the entire Web3 infrastructure, irrespective of the platform.

Highlighting the unprecedented opportunity within the gaming sector, Zeb Rice, co-founder and Managing Partner at King River Capital, emphasized the monumental spending in video games compared to other entertainment industries. He posits that the gaming industry is on the cusp of a technological revolution, much like the shift towards Web3 technologies, offering investors a gateway to the forefront of global Web3 gaming projects.

This venture marks another milestone in the collaboration between Immutable and Polygon, entities that have historically competed in the Ethereum scaling arena. Their previous partnership on the Immutable zkEVM network, a project leveraging Polygon’s zkEVM technology, showcases a burgeoning alliance poised to redefine the landscape of blockchain gaming and Ethereum scalability.

The inception of the Inevitable Games Fund represents a significant leap forward for the blockchain gaming sector. By combining the strengths and resources of leading figures in blockchain technology and venture capital, the fund aims to spearhead the next wave of innovation in gaming.

As the industry continues to evolve, the synergy between Immutable, Polygon Labs, and King River Capital through this venture could very well pave the way for the next generation of gaming experiences, powered by the unique capabilities of Web3 technology.