Immutable Announces $500 Million Venture Capital Fund to Boost Web3 Game Adoption

Immutable, a provider of Ethereum Layer2 scaling solutions, announced the launch of a $500 million venture capital fund to promote Web3 game adoption. The fund will reportedly be used to fund projects building Web3 games and NFTs on Immutable X. It will also work with other Web3 game and NFT-focused investors, including BITKRAFT, Animoca Brands, Arrington Capital, Double Peak, AirTree, King River Capital and GameStop.