Resilience and Growth in Web3 Gaming
Staff Writer • 2025-02-20
NEW YORK – Immutable, in collaboration with King River Capital and Polygon Labs, has announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF). The fund achieved a 2.8 Multiple on Invested Capital (MOIC) for investments that have launched token generation events (TGEs), significantly outpacing Bitcoin’s 1.36 Multiple over the same period. Anchored by Alpha Wave Ventures and backed by Alpha Wave Global and the Abu Dhabi Royal Group's Chimera Capital, IGF has made investments in 16 gaming projects over the last nine months, reinforcing the strength and resilience of the web3 gaming sector. A Breakthrough for Web3 Gaming “The success of the Inevitable Games Fund to date underscores the strength and resilience of the web3 gaming sector,” said Robbie Ferguson, President and Co-Founder of Immutable. “Web3 gaming is driving a revolution in technology and content development, redefining how players are rewarded for their time and empowering them to invest in and shape their gaming communities for the long term. This is a groundbreaking category that presents an incredible opportunity for the most strategic investors paying close attention.” Other early investors in IGF include Merit Circle, Mike Arrington (Co-Founder of CrunchFund and Arrington Capital), Steve Kokinos (Sonic Boom Ventures and former CEO of Algorand), and Sandeep Nailwal (Co-Founder of Polygon Labs). A Testament to the Strength of Web3 Gaming “The outstanding performance of IGF in such a short timeframe is a testament to the momentum and resilience of the web3 gaming landscape,” said Zeb Rice, Co-Founder and Managing Partner at King River Capital. “With the fund’s strong performance, we continue to solidify our commitment to revolutionizing the gaming industry through digital ownership and blockchain technology.” Immutable and Polygon together represent 70% of the total web3 gaming market share, making them central players in the industry’s development. Immutable has emerged as the fastest-growing web3 gaming ecosystem, with 500 games onboarded and a leading position in monthly active users (MAUs). In 2024 alone, Immutable added over 250 games and recorded 4.6 million signups for its Immutable Passport onboarding platform, further cementing its leadership in blockchain gaming. Investment and Risk Disclaimer This document provides general information and is not intended as personal financial advice. It does not account for individual objectives, financial situations, or needs. Before considering any investment, potential investors should assess the suitability of the opportunity based on their personal circumstances. This document is not a solicitation for investment and does not grant permission or rights to use referenced service marks or trademarks. About King River Capital King River Capital invests in high-growth technology businesses addressing critical challenges. Founded in 2019, it has raised three software and two blockchain funds, investing in 50+ companies across North America and Australia. Its portfolio includes Immutable, Discord, Splash, Paystand, Consensys, LayerZero, and Layer3, among others. King River also actively invests in liquid tokens and operates globally with 25 professionals based in Sydney, New York, Denver, and London. About Immutable Immutable is a global leader in gaming, committed to making digital ownership accessible to every player. With 500 well-funded games on its platform and over $300 million raised from investors such as Temasek, Tencent, Bitkraft, King River Capital, and Galaxy, Immutable is at the forefront of web3 gaming innovation. Its Immutable gaming platform provides seamless, secure, and efficient solutions for game studios and developers looking to build on Ethereum. The zk-based scaling solutions offered by Immutable, including Immutable zkEVM (powered by Polygon), make web3 game development more accessible and scalable than ever before. Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community, ensuring that developers have access to cutting-edge technology, personalized guidance, and the largest ecosystem in web3 gaming.
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