Who Benefits From the $100M Web3 Gaming Fund? Investors & Developers

Key Points:

• Immutable, Polygon Labs, and King River Capital have launched a $100 million web3 gaming fund, Inevitable Games Fund (IGF), to invest in early-stage web3 gaming startups.
• The IGF, which has already raised $30 million, plans to boost the gaming industry in the long-term and has already invested in seven projects.

Immutable, Polygon Labs, and King River Capital are raising a $100M web3 gaming fund, Inevitable Games Fund (IGF). The fund will invest in early-stage web3 gaming startups.

Immutable, Polygon Labs, and King River Capital have partnered to raise a $100 million web3 gaming fund, known as the Inevitable Games Fund (IGF).

Immutable, Polygon, King River Join Forces for $100M Web3 Gaming Fund

The fund will invest in early-stage, high-growth web3 gaming startups, with King River leading the investment process, while Immutable and Polygon Labs will provide deal sourcing and gaming expertise. The fund has already reached its first close at $30 million out of the targeted $100 million.

The IGF has received commitments from Alpha Wave Ventures, Merit Circle, Mike Arrington, Polygon Labs’ Sandeep Nailwal, and Immutable’s co-founders James and Robbie Ferguson.

Brendan Ma, head of investments at Immutable, highlighted 2022 as a milestone year for web3 gaming, as studios are now two to three years post-funding.

Readmore: Immutable Passport, Simplify Web3 Gaming Onboarding Is Set To Launch In April

IGF’s Role in Advancing the Gaming Industry

The IGF aims to fund the next wave of projects and advance the gaming industry forward in the long-term. The fund has already invested in seven early-stage projects, including Pixelmon, Metalcore, Guild of Guardians, and My Pet Hooligan.

The three firms have a pre-existing relationship; Polygon powers Immutable’s gaming-focused blockchain, and King River is an Immutable investor.

Zeb Rice, King River Capital’s co-founder, stated the fund is designed to benefit from the shift in spending to disruptive web3 technology, similar to the shift to mobile gaming seen in 2008.