Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion – Finance Bitcoin News
Following the startup’s partnership with Gamestop, the Sydney-based blockchain agency Immutable introduced it raised $200 million in a Sequence C financing spherical led by Temasek. The corporate is now valued at $2.5 billion and Immutable plans to make use of the funds to scale the startup’s gaming studio.
Immutable Raises $200 Million, NFT Startup Goals to Bolster Gaming Studio
On Monday, the blockchain firm Immutable revealed it raised $200 million from buyers in a Sequence C funding spherical. The financing was led by Temasek alongside different members together with Tencent, Animoca Manufacturers, Mirae Asset, and Airtree Ventures.
The staff plans to leverage the funds to scale the gaming studio and enhance its non-fungible tokens (NFT) expertise on Ethereum. Immutable’s web site claims the undertaking supplies “zero fuel charges, instantaneous trades, and carbon-neutral NFTs for marketplaces, video games, and purposes with out compromise.”
Talking completely with Reuters, James Ferguson, Immutable’s chief govt advised the information company that investing companies perceive the platform’s potential.
“Immutable is locked in on creating a number one, formidable, and reliable web3 ecosystem for a brand new period of creators that want scalable outcomes on this planet’s fastest-growing business,” Ferguson mentioned. “Our funding companions perceive the ability and potential of the Immutable X platform and can play an integral function on this subsequent section of our development.”
The $200 million capital increase brings Immutable’s total valuation to $2.5 billion, in accordance with the startup’s press statements. Final September, Immutable labored with the social media firm Tiktok and throughout the first week of February 2022, Immutable revealed a partnership with Gamestop.
After the corporate inked a cope with Gamestop, the platform’s native token immutable x (IMX) jumped 35% increased. On the time of writing, following the Sequence C financing spherical, immutable x (IMX) has gained 26.1% in opposition to the U.S. greenback and 29.5% in opposition to bitcoin (BTC).
What do you concentrate on Immutable elevating $200 million in a Sequence C financing spherical? Tell us what you concentrate on this topic within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss brought on or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.
Comments are closed.