Slicing-edge crypto start-up, Immutable, has raised an unimaginable $200 million in its newest spherical of funding, growing the general firm worth to $2.5 billion, cementing its unicorn standing within the course of.
This astonishing monetary drive was led by world funding agency, Temasek, whereas Chinese language tech big, Tencent, and blockchain gaming pioneers, Animoca Brands supplied help. A variety of different vital contributors participated within the spherical, together with Mirae Asset, ParaFi Capital, Declaration Companions and lots of extra.
1/ Main information: we’re thrilled to announce @Immutable has raised $200M in Sequence C funding @ $2.5B val.🎉
— Immutable | $IMX (@Immutable) March 7, 2022
Going ahead, Immutable will scale up its operations, with an goal to greater than double its workforce over the subsequent 12 months, whereas persevering with to revolutionize the sector with its extremely environment friendly layer 2 resolution, Immutable X. A protocol favoured by gaming builders for its quick transactions, low charges and ecologically sound ideas.
The newest funding drive follows off the again of the latest announcement that Immutable X will energy Gamestop’s forthcoming gaming NFT market because the plucky firm continues to make waves with its zero-knowledge proof roll-up tech. This can allow them to roll-up 1000’s of contracts on the Immutable aspect chain, and deploy them on Ethereum in a single transaction.
On account of its savvy enterprise strikes, the native $IMX token skyrocketed in worth, up 40% as of writing, sitting fairly at a fee of $1.58 per token.
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