- Immutable, Polygon Labs, and King River Capital have partnered to establish a $100 million fund focused on investing in web3 gaming studios and infrastructure firms.
- Immutable and Polygon Labs will leverage their web3 gaming expertise to identify opportunities, while King River Capital will manage the investment process and provide the capital.
- The fund aims to accelerate innovation and adoption of web3 gaming by providing capital and support to early-stage game studios building on ImmutableX and Polygon.
Immutable and Polygon Labs have partnered with King River Capital to establish a $100 million fund that will invest in web3 gaming. The fund aims to accelerate adoption and innovation of web3 gaming.
Details on the Fund
The fund will be used to invest in game studios and web3 gaming infrastructure firms. Immutable and Polygon Labs will identify investment opportunities and provide expertise, while King River Capital will manage the investment process and deploy the capital.
Immutable CEO Robbie Ferguson stated the fund will support developers building great games. Polygon Labs co-founder Sandeep Nailwal said it wants to be the infrastructure for web3 gaming. King River Capital founding partner Sam Englebardt said the firm believes gaming will be the first killer app of web3.
The fund will provide capital to early-stage game studios building web3 games on ImmutableX and Polygon. It will also invest in infrastructure firms across asset creation, virtual worlds, social platforms, and hardware.
Immutable’s Role
As an investor in the fund, Immutable will leverage its expertise in web3 game development. ImmutableX is a leading layer-2 scaling solution built for NFT games. Immutable has also invested in leading web3 gaming studios like StarkWare and Etherscale.
Polygon’s Role
Polygon Labs will utilize its position as the leading web3 development platform. Its Polygon PoS chain and Polygon sidechains are designed for web3 gaming. Polygon Studios and Polygon ID are focused on gaming and web3 identity.
King River Capital’s Role
King River Capital will manage the investment process and capital deployment. The firm has invested over $1 billion into 120 companies across technology, biotech, and media. It also has experience in gaming, having invested in firms like Phoenix Labs, maker of Dauntless.
Conclusion
The new $100 million fund combines the expertise of Immutable, Polygon Labs, and King River Capital. It aims to boost innovation and adoption of web3 gaming through investments into gaming studios and infrastructure firms. This marks a major push into gaming for the web3 sector.
