Posted 3/19/2024, 10:00:00 PM
Immutable, King River Capital, and Polygon Launch $100M Web3 Gaming Fund
- Immutable, King River Capital, and Polygon Labs formed a $100M fund for Web3 gaming called the Inevitable Games Fund (IGF)
- IGF will target high-growth investments in Web3 gaming for professional/sophisticated investors
- Immutable & Polygon Labs to identify opportunities; King River to manage investment process & deploy capital
- Fund aims to capitalize on $19B invested in Web3 gaming sector since 2018, including $1.7B in 2023
- Comes a year after Immutable & Polygon partnership to accelerate Web3 gaming development