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Ronald Maguire

17 June 2022 159 Read Crypto , Blockchain , NFT , Metaverse

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Immutable X Launches $500M Mutual Fund To Accelerate Web3 Adoption

Immutable X strives to drive mass adoption in music, gaming, collectibles and sports by helping NFTs be made available for free. Immutable X, a carbon-neutral and scalable platform, has launched development fund Immutable Ventures to power the next generation of Web3 games.

NFT Focused Companies Will Be Supported

The developer and venture fund aimed to support NFT-focused companies and Web3 games built on Immutable X. The $500 million opening fund will be provided by IMX tokens and cash. They will work with intellectual property owners, developers and strategic partners to encourage the creation of new successful games and projects.

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