Ethereum second-layer startup Immutable has launched a $500 million fund for web3 domain adoption.
Immutable announced that it has launched a $500 million development fund to develop blockchain-based games and projects. The fund, which will distribute token grants and investments to blockchain-based games and NFT companies, has also received support from companies such as Bitkraft, Animoca Brands, Airtree, King River and GameStop.
Immutable received a $200 million investment on March 7, reaching a valuation of $2.5 billion.
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