Immutable, Polygon and King River launch $100 million Inevitable Video games Fund

Immutable and Polygon Labs have partnered up with Australian/US VC King River Capital to announce the Inevitable Video games Fund, which it hopes to scale as much as $100 million.

Labelled an “ecosystem-agnostic fund” that may put money into web3 video games and infrastructure, Immutable and Polygon will supply deal circulation alternatives and supply sector experience, whereas King River will deal with the VC funding course of.

It’s not been revealed how a lot funding has been raised to-date however the likes of Alpha Wave Ventures, and Advantage Circle have dedicated, as has the household workplaces of Steve Kokinos (Sonic Growth Ventures) and Mike Arrington (Arrington Capital) in addition to Immutable co-founders Robbie and James Ferguson and Polygon’s Sandeep Nailwal.

Certainly, the fund will take over some present investments from these entities together with these in Pixelmon, MetalCore, Guild of Guardians and My Pet Hooligan.

“Simply as cell gaming went from nearly zero in 2008 to 79% of players enjoying cell immediately, we consider an analogous shift has solely simply begun to web3 know-how,” commented King River managing companion Zeb Rice.

“The Fund supplies buyers with a chance to achieve distinctive entry to the very best web3 gaming tasks globally and is designed to profit from this multi-hundred billion greenback shift in spending to this disruptive new know-how.”