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Immutable raises $60M for NFT games platform on Ethereum

  • Posted byby Dean Takahashi
  • Updated
  • 6 min

Immutable has raised $60 million for its platform that uses nonfungible tokens (NFTs) to help monetize games.

The Sydney, Australia-based Immutable created a platform on top of Ethereum to monetize NFTs in games, and it is also the creator of the Gods Unchained NFT-based collectible card game. NFTs use the transparent and secure ledger of blockchain to uniquely identify digital items. That means that rare digital items can be sold for higher prices in NFT-based games.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.