Immutable, King River Capital, and Polygon Labs Announce Inaugural Returns on Liquid Investments

Immutable, in partnership with King River Capital and Polygon Labs, has revealed the initial returns on liquid investments from the Inevitable Games Fund (IGF).

Impressive Returns and Performance

The fund has delivered a 2.8 multiple on invested capital (MOIC) for investments that have undergone token generation events (TGEs), surpassing the 1.36 multiple achieved by Bitcoin during the same period.

Backed by Alpha Wave Ventures, Alpha Wave Global, and the Abu Dhabi Royal Group’s Chimera Capital, IGF has invested in 16 gaming projects over the past nine months.

Industry Impact and Growth

Robbie Ferguson, president of Immutable, stated, “The success of the performance of the Inevitable Games Fund to date underscores the strength and resilience of the Web3 gaming sector. 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.”

Notable early investors include Merit Circle, Mike Arrington of CrunchFund and Arrington Capital, Steve Kokinos of Sonic Boom Ventures, and Sandeep Nailwal of Polygon Labs.

Driving Innovation in Web3 Gaming

Zeb Rice, cofounder and managing partner at King River Capital, remarked, “The outstanding performance of IGF in such a short timeframe is a testament to the momentum and resilience of the web3 gaming landscape. 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 are key players in the Web3 gaming industry, collectively representing around 70% of the total market share in the sector. Immutable has seen significant growth, with over 500 games and a large number of monthly active users (MAUs).

Continued Success and Expansion

Immutable onboarded over 250 games in 2024 and recorded 4.6 million signups for its Immutable Passport onboarding platform, reinforcing its position as a leading blockchain gaming company.

Immutable is dedicated to bringing digital ownership to every player by providing a safe and easy platform for building Web3 games. The company has raised over $300 million from global investors and continues to innovate in the gaming space.

Conclusion

Immutable, King River Capital, and Polygon Labs are at the forefront of driving innovation in the Web3 gaming industry. The success of the Inevitable Games Fund highlights the potential and growth opportunities in the sector, paving the way for a new era of gaming.

FAQs

What is the Inevitable Games Fund (IGF)?

The Inevitable Games Fund is an investment fund focused on supporting gaming projects in the Web3 sector.

Who are some of the key investors in the Inevitable Games Fund?

Early investors in the fund include Merit Circle, Mike Arrington, Steve Kokinos, and Sandeep Nailwal.

What sets Immutable apart in the gaming industry?

Immutable is known for its commitment to digital ownership and blockchain technology, making it a leader in the Web3 gaming space.

Credit: venturebeat.com