News and Analytics

King River Capital, Immutable and Polygon Labs create $100 million Inevitable Games Fund
0

King River Capital, Immutable and Polygon Labs create $100 million Inevitable Games Fund

Mar 22, 2024

The Inevitable Games Fund (IGF), totaling $100 million, was created through the joint efforts of King River Capital, Immutable, and Polygon Labs. This fund, focused on Web3, aims to invest in promising game studios and infrastructure. Led by King River Capital in collaboration with Immutable and Polygon Labs, IGF is aimed at leveraging the opportunities provided by the growing segment of blockchain games. The fund, proposed on a private basis and available only to professional investors, will have a final size of $100 million.

The fund has received support from industry leaders, including a major commitment from Alpha Wave Ventures, as well as contributions from Web3 gaming leader Merit Circle and other significant participants. IGF has already allocated funds to promising projects such as Pixelmon, Metalcore, and Guild of Guardians, each representing a unique aspect of crypto gaming. These investments underscore the fund's strategy of supporting projects that push the boundaries of digital entertainment.

King River will be responsible for allocating funds to leading Web3 games, studios, and infrastructure, regardless of platform. Meanwhile, Immutable's and Polygon expertise in blockchain gaming transactions and virtual assets will enable the fund to identify the best investment opportunities.

Expenditures on video games exceed global revenues from movies, streaming TV, and the music industry, making this area ripe for significant technological transition. Similar to how mobile games grew from nothing in 2008 to dominate the market today, a similar transition to Web3 technology is expected. The fund provides investors with a unique opportunity to access the best Web3 gaming projects worldwide.

The launch of this fund in partnership with King River Capital and with the support of Polygon Labs underscores the combined experience, global connections, and industry coverage that ideally positions the fund to invest in the most promising Web3 gaming opportunities.

Comments

Latest analytics

Casinos without...

Casinos without Swedish License - Top List of Best Casinos...

Revealing the Top...

Revealing the Top Crypto Auto Trading Platforms

Show more

Latest Dapp Articles

Show more

You may also like