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Aussie Tech Unicorn ‘Immutable X’ Launches dollar40 Million Fund for Blockchain Games

Categories: US BLOCKCHAIN

Australia-based Immutable X has joined forces with gaming company Kongregate to establish a US$40 million fund giving grants to developers who make blockchain games.Immutable X is well-known in the blockchain gaming space and has also developed an ETH-based scaling solution to enable faster in-game transactions. This week, the company announced a US$40 million fund comprising an IMX token pool that will be awarded as grants to blockchain game integrations on Kongregate’s web-based gaming platform.

According to Lipp, the partnership with Immutable X would ensure that “our players have the best NFT experience possible with technology that brings true innovation to gameplay, while also ensuring it’s green and scalable”.Immutable X is regularly making headlines these days, seemingly enjoying one success after another. After raising US$200 million earlier this year, strategic partnerships appear to be one of the key elements driving the company’s growth.Last year, the company partnered with an e-sports platform to enable “gasless” NFTs. More recently, in February Immutable X teamed up with GameStop in a US$100 NFT platform deal.

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Published at:- First Mover Americas: Bitcoin Slips at End of Strong Week, Huobi Founder in Talks to Sell Majority Stake Published at:- Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder Published at:- 6 WAYS TO MAKE MONEY WITH CRYPTOCURRENCY IN 2022 Published at:- What is fiat money? or What are cryptocurrencies? Published at:- Difference Between Fiat Money and Cryptocurrencies Fiat Money? Published at:- Why Is Blockchain Important For Gamblers? Or The Future Of Blockchain And Bitcoin Blockchain Published at:- Understanding the Different Types of Cryptocurrency Published at:- How Many Cryptocurrencies Are There? Published at:- What is Ethereum (ETH) and how to work with ethereum ? Published at:- What is Tether and what is the use of Tether Published at:- What is USD Coin USDC and which type of coin is this Published at:- What is Binance Coin BNB and which type of coin is this Published at:- What is Dogecoin DOGE and which type of altcoin is this Published at:- What is Polkadot DOT and how it works Published at:- Whale Spends 10000 BTC Worth doollar203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack Published at:- Flare Network and Lena Instruments launch new crowd funding mechanism Published at:- Australia Issues White Paper for Central Bank Digital Currency Published at:- Elon Musk Vows to Step Down as Head of Twitter Edward Snowden Tosses His Name in the Cap for President Published at:- Bitcoin Binance Coin Helium and Holo Everyday Value Investigations -22 December Published at:-
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