Immutable, in collaboration with King River Capital and Polygon Labs, today announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF).
The fund recorded a 2.8 multiple on invested capital (MOIC) for investments that have launched token generation events (TGEs), outpacing the 1.36 multiple seen from Bitcoin during the same time period.
Anchored by Alpha Wave Ventures, backed by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital, IGF has made investments in 16 gaming projects over the last nine months.
“The success of the performance of the Inevitable Games Fund to date underscores the strength and resilience of the Web3 gaming sector,” said Robbie Ferguson, president of Immutable, in a statement. “Web3 gaming is driving a revolution in technology and content development, redefining how players are rewarded for their time and empowering them to invest in and shape their gaming communities for the long term. This is a groundbreaking category that has incredible opportunity for the most discerning and strategic firms and investors that are paying close attention”
Other early investors include Merit Circle, Mike Arrington, cofounder of CrunchFund and Arrington Capital, Steve Kokinos, of Sonic Boom Ventures and former CEO of Algorand, and Sandeep Nailwal, cofounder of Polygon Labs.
“The outstanding performance of IGF in such a short timeframe is a testament to the momentum and resilience of the web3 gaming landscape,” said Zeb Rice, cofounder and managing partner at King River Capital, in a statement. “With the fund’s strong performance, we continue to solidify our commitment to revolutionizing the gaming industry through digital ownership and blockchain technology.”
Immutable and Polygon represent key driving forces in the Web3 gaming industry, together representing approximately 70% of the total market share in the sector. Since launching the IGF, Immutable has established itself as the fastest-growing Web3 gaming ecosystem, with 500 games total and one of the largest number of monthly active users (MAUs).
In 2024 alone, Immutable onboarded over 250 games and recorded 4.6 million signups for its Immutable Passport onboarding platform, further solidifying its position as one of the most successful blockchain gaming companies in operation today.
Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great Web3 games. Immutable’s gaming platform has onboarded over 500 well-funded games onto the platform and has raised $300 million+ from leading global investors including Temasek, Tencent, Bitkraft, King River Capital, and Galaxy.
The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum. Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with zk-based scaling solutions like Immutable zkEVM, powered by Polygon.