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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-maintains-gloomy-trend-as-major-crypto-news-continues/" data-wpel-link="internal">Bitcoin Maintains Gloomy Trend as Major Crypto News Continues</a> 
<a href="https://coin-turk.com/piyasadaki-yukselis-ivmesi-devam-ediyor-bitcoin-btc-43-000-dolar-seviyelerine-ulasti" data-wpel-link="internal">Bitcoin</a> continues its lackluster performance with altcoins in the red, yet significant news keeps coming. The latest good news is related to two popular cryptocurrencies. A recent announcement heralds a $100 million gaming fund. But what does this announcement entail? 
<h2 style="text-align: justify" id="matic-and-imx">MATIC and IMX</h2> 
<a href="https://en.coin-turk.com/hong-kong-moves-to-strengthen-position-in-web3-and-crypto-amid-us-pressure/" data-wpel-link="internal">Web3</a> game developer platform Immutable and King River Capital today announced a $100 million gaming fund with the support of <a href="https://en.coin-turk.com/polygon-reveals-investment-plan-for-innovative-zk-proof-supported-scaling-solutions/" data-wpel-link="internal">Polygon</a> Labs. The “Inevitable Games Fund” (IGF) will invest in game studios and Web3 infrastructure companies, marking an important step in preparing for a Web3-focused future. Moreover, it could contribute to the long-term prices of IMX and <a href="https://en.coin-turk.com/ethereum-co-founder-vitalik-buterins-take-on-crypto-and-polygons-milestone/" data-wpel-link="internal">MATIC</a> Coin ecosystems as it provides support. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-330421 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/web3-Oyun-fon.png" alt="" width="874" height="440"> 
The announcement stated the following; 
<blockquote> 
 “Since 2018, the industry has attracted approximately $19 billion in investments. In 2023, funding rounds related to blockchain games reached $1.7 billion. A significant portion of this has been directed to over 270 blockchain games currently being developed on Immutable.” 
</blockquote> 
The trio announced about a year ago that they would join forces, and today they have announced the fund. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-maintains-gloomy-trend-as-major-crypto-news-continues/" data-wpel-link="internal">Bitcoin Maintains Gloomy Trend as Major Crypto News Continues</a></h5>

Bitcoin Maintains Gloomy Trend as Major Crypto News Continues

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