Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

by Aurelia Butler 7 March 2022, 22:00 159 Views

The company intends to put this capital toward developing its Immutable X layer-2 scaling solution for nonfungible tokens (NFTs) on the Ethereum network and scaling Immutable Gaming Studio, which includes its flagship Gods Unchained and Guild of Guardians video games. Immutable X uses StarkWare’s StarkEx zero-knowledge proof technology to achieve scalability on Ethereum while providing game developers with zero gas fees and a carbon-neutral environment.

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Source: Cryptocurrency - investing.com

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Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

McDonald's, quiet on the Ukraine war, has more exposure to Russia than other U.S. fast-food chains

NFL suspends Atlanta Falcons receiver Calvin Ridley for 2022 season for betting on games

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