Immutable-backed Inevitable Games Fund grows 180% in 9 months
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Summary
Blockchain gaming company Immutable, in conjunction with King River Capital and Polygon Labs, has announced initial returns of up to 2.8 on invested capital for the Inevitable Games Fund (IGF).
The fund, which has made investment in 16 gaming projects in the nine months since its launch, has outperformed the 1.36 multiple achieved by Bitcoin in the same period.
IGF has attracted financial backing from the Abu Dhabi Royal Group’s Chimera Capital and Alpha Wave Ventures, along with others such as Merit Circle and CrunchFund.
-Immutable, which represents around 70% of the total market share in the Web3 gaming sector, claims to be the fastest-growing ecosystem of its kind, boasting 500 games and 4.6 million signups last year.