Jamie Crawley is a CoinDesk news reporter based in London.
Web3 gaming developer platform Immutable and venture capital company King River Capital have teamed up to form a $100 million"Inevitable Games Fund" with assistance from Polygon Labs.
The IGF will target high-growth opportunities for professional and sophisticated investors in Web3 gaming, according to an emailed announcement on Tuesday. Immutable and Polygon Labs will identify investment opportunities, while King River will manage the investment process and deploy the capital across game studios and Web3 infrastructure firms.. A significant part of that has flowed to the 270+ blockchain games in development on Immutable," the press release said, citing industry research.
Web3 gaming refers to video games hosted on blockchains and may enable players to own their in-game assets in the form of non-fungible tokens or other digital property.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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