• King River Capital, Immutable, and Polygon Labs have launched the Inevitable Games Fund (IGF) in the web3 gaming industry, aiming to identify lucrative investment opportunities.
• The IGF offers investors a chance to tap into top projects globally and capitalize on the significant growth potential of web3 technology.
• King River Capital will lead the investment process for the Fund, with backing from Immutable and Polygon Labs. The Fund’s portfolio includes Pixelmon, Metalcore, Guild of Guardians, and My Pet Hooligan, among others.

King River Capital and Immutable, with the assistance of Polygon Labs, have introduced the Inevitable Games Fund (IGF), an ecosystem-agnostic fund in the web3 gaming industry. The fund aims to identify lucrative investment opportunities.

Inevitable Games Fund

According to the media release, IGF represents the dedication of King River Capital and Immutable to driving innovation and expansion within the web3 gaming sector.

Rice highlighted the significant growth potential in web3 technology, drawing parallels to the rapid rise of mobile gaming. He emphasizes that the Fund offers investors a chance to tap into top web3 gaming projects worldwide and capitalize on the substantial shift in spending towards this technology.

“Spending on video games exceeds the global revenue from movies, streaming TV, and the music industry, combined, and it is ripe for a huge technology shift.” 

Zeb Rice, Co-Founder and Managing Partner, King River Capital

King River Capital leads the investment process for the Fund, with backing from Immutable and Polygon Labs in sourcing and web3 gaming expertise. The Fund, available exclusively to professional and sophisticated investors through private offering, has a maximum size of US$100 million.

“We are excited to be launching this pioneering fund in partnership with King River Capital and assisted by Polygon Labs. Our combined expertise, global relationships, and industry reach ideally position the Fund to identify and invest in the best web3 gaming and gaming infrastructure opportunities globally.”

Robbie Ferguson, President and Co-Founder, Immutable

In addition, it was noted that the IGF has already secured significant commitments, including an anchor investment from Alpha Wave Ventures, supported by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital. 

It also received contributions from Merit Circle and various family offices, such as those of Mike Arrington, Co-Founder of CrunchFund and Arrington Capital; Steve Kokinos, of Sonic Boom Ventures and former CEO of Algorand; James and Robbie Ferguson, Co-Founders of Immutable; and Sandeep Nailwal, Co-Founder of Polygon Labs.

IGF Game Portfolio

The media release stated that King River will manage the deployment of IGF capital across premier game studios, web3 infrastructure, and immersive gaming experiences, that are considered to redefine the digital entertainment landscape, regardless of the platform.

The Fund already has a list if investment prospects and has secured seven early-stage investments, including:

Pixel

Pixel er dreifstýrt web3 gaming IP. It immerses players in the fantastical realm of Nova Thera, where they assume the role of a Trainer tasked with guiding their team of Pixelmon to triumph. The game emphasizes community engagement and delves into its intricate lore. Players are incentivized with non-fungible token (NFTs) offering Right of Game benefits, granting ownership rights over aspects of the game’s intellectual property.

Lesa: Mon Protocol Pre-Sale Ends in 8 Minutes, Raises $7.1M

Metalcore

Metalcore is an open-world game that merges various combat arms, allowing players to participate in large-scale player-versus-player (PVP) battles and confront AI-augmented adversaries. Within the game, players have the opportunity to engage in ground combat and operate a diverse selection of combat vehicles and colossal mechs across vast battlefields. These intense skirmishes occur as players fiercely compete for their factions during territorial conquests.

Gildi forráðamanna

Gildi forráðamanna is a mobile role-playing game (RPG) where players collect, battle, and trade digital assets known as Guardians. These Guardians are unique and can be leveled up, equipped with gear, and used to compete in various game modes. The game also features a guild system where players can team up with others to tackle challenges and earn rewards together. 

With over 1 million pre-registrations, it is one of the highly awaited games on the Immutable platform, scheduled for release in Q2 2024.

Lesa: Guild of Guardians Reveals Partnership with 8 Esports Teams

Gæludýrið mitt

Gæludýrið mitt is a virtual pet simulation game where players take care of mischievous but adorable creatures known as Hooligans. Players can feed, train, and interact with their Hooligans to nurture them and build a strong bond. The game offers various activities and mini-games to keep players engaged and entertained while caring for their virtual pets.

Lesa: Web3 Game My Pet Hooligan núna í beinni og ókeypis í Epic Games Store

What are King River Capital, Immutable, and Polygon Labs?

King River Capital is a venture capital firm that focuses on early to mid-stage technology companies addressing significant challenges in large markets. 

Established in 2019, King River has raised four funds and invested in 32 companies across North America and Australia, including crypto and web3 projects like Immutable, Discord, FinClear, Splash, Paystand, Consensys, LayerZero, and Aztec. 

Immutable and Polygon Labs lead the way in web3 gaming, leveraging their expertise and advanced technologies like the Immutable zkEVM chain powered by Polygon. Immutable’s gaming platform offers developers streamlined solutions for creating and launching successful web3 games, with personalized guidance and access to a vast gaming ecosystem.

Þessi grein er birt á BitPinas: Inevitable Games Fund Begins Investment in Pixelmon, Key Promising Web3 Games

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