NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • NFT News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • NFT Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    Blockchain games

    Home » NFT News » Blockchain games » Immutable X Gains Unicorn Status After A Valuation of $2.5B

    Immutable X Gains Unicorn Status After A Valuation of $2.5B

    By Jordon NealMarch 8, 2022Updated:April 5, 20232 Mins Read

    Immutable X has officially reached “unicorn status.” following their series C funding round status valuation. Formally announced on Monday, the firm will move forward through 2022 with a valuation of 2.5 billion dollars. With new hires such as Justin Hulog from Riot Games, the new year is shaping up quite nicely for Immutable.

    Immutable X reaches Unicorn status after valuation
    Immutable achieves Unicorn status after 2.5 billion valuation
    Credit: NFTeducation

    Immutable’s Valuation

    Following a partnership with Gamestop, Immutable announced that it had raised 200 million during the Series C funding round. The funding round raked in over $200 million, mainly dominated by Temasek, an investment company headquartered in Singapore. Other contributors included gaming giant “Tencent” and leading metaverse asset enterprise Animoca Brands.

    Immutable is the company behind Immutable X, a layer-2 platform that works on top of the Ethereum blockchain. Using StarEx’s zero-knowledge proof technology, Immutable X rolls up thousands of transactions on its own network. Then, Immutable X sends them to the Ethereum network as one transaction, making sending and receiving significantly cheaper. Responsible for games such as “God’s Unchained” and the upcoming mobile title “Guild Of Guardians”, Immutable leads the pack in NFT gaming.

    The team plans to use the newly acquired funds to scale the gaming studio and NFT technology. Over the last few years, previous status valuations show Immutable was barely breaking a $35 million average. After receiving broad support from tech giants such as Temasek and Tencent, a world where NFTs and Triple-A Gaming meet is becoming more of a reality by the minute.

    “Immutable is locked in on developing a leading, ambitious, and dependable web3 ecosystem for a new era of creators that desire scalable results in the world’s fastest-growing industry. “Our investment partners understand the power and potential of the Immutable X platform and will play an integral role in this next phase of our growth.” – James Ferguson

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    blockchain game
    Previous ArticleAgora NFT Marketplace Launches #WeTheWomen Exhibition
    Next Article Billboard x Universal Music Group Launch NFT Artists “ChartStars”
    Jordon Neal
    • Twitter

    Web3 content Writer/Developer based out of Central Florida. Dedicated to building community and providing knowledge on the blockchain

    More great NFT Evening content:

    Mirandus: Crafting, Farming, and Epic Hunts Await in Gala Games’ Web3 MMORPG

    May 19, 2023

    Earn Huge Bonuses in May Mayhem With Spider Tanks

    May 8, 2023

    My Neighbor Alice Unveils Exciting 2023 Roadmap: Land Sales, Multi-Chain NFTs, and More!

    April 29, 2023
    image of three avatar fighters on a background that says 'one fight arena' for the NFT game

    Step Into the Ring With ONE Fight Arena, the NFT Game Backed by Animoca Brands

    April 27, 2023

    Mega Man and Tekken Creators Join Forces for New Web3 Platform

    April 12, 2023

    Galactix Zone: Taking NFT Gaming To Newer Heights!

    April 12, 2023

    Web3 AI Takes Over With FIFA AI League Open Beta

    April 4, 2023

    Immutable & Polygon Labs Partner to Disrupt Web3 Gaming

    March 21, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Interviews
    • Metaverse
    • Music
    • NFT Guides
    • NFT Marketplaces and Tools
    • NFT News
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version