Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
finance

Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion

THELOGICALINDIAN - Following the startups affiliation with Gamestop the Sydneybased blockchain close Immutable appear it aloft 200 actor in a Series C costs annular led by Temasek The aggregation is now admired at 25 billion and Immutable affairs to use the funds to calibration the startups gaming studio

Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio

On Monday, the blockchain aggregation Immutable revealed it aloft $200 actor from investors in a Series C allotment round. The costs was led by Temasek alongside added participants including Tencent, Animoca Brands, Mirae Asset, and Airtree Ventures.

The aggregation affairs to advantage the funds to calibration the gaming flat and advance its non-fungible tokens (NFT) technology on Ethereum. Immutable’s website claims the activity provides “zero gas fees, burning trades, and carbon-neutral NFTs for marketplaces, games, and applications after compromise.”

Speaking alone with Reuters, James Ferguson, Immutable’s arch controlling told the account bureau that advance firms accept the platform’s potential.

“Immutable is bound in on developing a leading, ambitious, and dependable web3 ecosystem for a new era of creators that admiration scalable after-effects in the world’s fastest-growing industry,” Ferguson said. “Our advance ally accept the ability and abeyant of the Immutable X belvedere and will comedy an basic role in this abutting appearance of our growth.”

The $200 actor basic accession brings Immutable’s all-embracing appraisal to $2.5 billion, according to the startup’s columnist statements. Last September, Immutable formed with the amusing media aggregation Tiktok and during the aboriginal anniversary of February 2022, Immutable revealed a affiliation with Gamestop.

After the aggregation active a accord with Gamestop, the platform’s built-in badge abiding x (IMX) jumped 35% higher. At the time of writing, afterward the Series C costs round, immutable x (IMX) has acquired 26.1% adjoin the U.S. dollar and 29.5% against bitcoin (BTC).

What do you anticipate about Immutable adopting $200 actor in a Series C costs round? Let us apperceive what you anticipate about this accountable in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons