Immutable, Polygon Labs, and VC firm King River Capital have joined forces to launch a $100 million blockchain gaming investment fund called the Inevitable Games Fund.
Immutable, Polygon Labs, and VC firm King River Capital have joined forces to launch a $100 million blockchain gaming investment fund called the Inevitable Games Fund. Immutable and King River Capital are leading the fund, with Polygon Labs "providing key sourcing" along with industry expertise.
The fund has already secured an anchor commitment from Abu Dhabi's Alpha Wave Ventures, with additional investments from crypto gaming community Merit Circle, Immutable co-founders James and Robbie Ferguson, Polygon co-founder Sandeep Nailwal, family offices including Mike Arrington, former CEO of Algorand and Sonic Boom Ventures, Steve Kokinos.
The fund revealed that it has invested in seven games, with four of them being the Pixelmon, MetalCore, Guild of Guardians and My Pet Hooligan. All but My Pet Hooligan are built on Immutable's Ethereum scaling networks, and My Pet Hooligan is using Polygon. However, the fund will invest in games across "Web3 infrastructure... regardless of the platform."
King River Capital co-founder and Managing Partner Zeb Rice, said: “Just as mobile gaming went from virtually zero in 2008 to 79% of gamers playing mobile today, we believe a similar shift has only just begun to web3 technology. The Fund provides investors with an opportunity to gain unique access to the best web3 gaming projects globally and is designed to benefit from this multi-hundred billion dollar shift in spending to this disruptive new technology.”
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