Immutable $500M Developer & Venture Fund will exponentially accelerate the growth and success of Web3 projects & games built on Ethereum’s leading Layer 2 protocol, Immutable X, via Ventures and Grants.
The capital will be used to fund projects building web3 games and NFT-focused companies on its layer-2 Ethereum-focused platform, Immutable X.
Immutable, is establishing co-funds with leading venture firms BITKRAFT, Animoca, Airtree, King River Capital, and GameStop which are focused on Web3 games and NFTs to give developers access to additional investment opportunities.
Projects with grants will receive monetary support to meet funding requirements, milestone-based IMX rewards, and access to deep blockchain gaming support and expertise. This includes direct access to an advisory for tokenomics and game design, plus community and marketing support.
WHAT DOES IMMUTABLE HAS TO OFFER
🧿 Fast & Secure
The Immutable X protocol can achieve high transaction throughputs (9,000+ TPS) – speeds unparalleled on Ethereum. The protocol is non-custodial, meaning you have full control over your assets, secured by the Ethereum blockchain.
🧿 Build in hours, not days
Immutable makes Ethereum easy to use at a mainstream scale so that you don’t have to choose between user experience and the best underlying technology. Immutable X’s APIs lower the barrier to entry for developers.
🧿 100% Carbon Neutral & Gas-Free
Furthermore, Immutable X is developed on top of StarkWare’s bleeding-edge ZK-rollup technology. It also allows you to instantly mint and trade NFTs with zero gas fees. The protocol is also carbon neutral, no matter how big you go.
ImmutableX’s goal since day 1 is to allow teams to build world-class web3 games without technical limitations compromising their vision. Furthermore, cheap gas is definitely an improvement but eliminating gas altogether is a massive UX and developer experience advantage unique to Immutable X.
Immutable’s unique positioning and focus allow them to solve the core problems of high-quality, high-scale NFT projects. Aiming with its pricing and fees across the board is to align its incentives with those projects and their users, and then to use the revenue we earn through our fees to re-invest in making them even more successful.
Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum. It also supports instant trading, massive scalability, and zero gas fees for minting and trading. All without compromising the user or asset security. Immutable X is the most technically advance solution for NFT scaling ever built. It is also developes with StarkWare’s powerful STARK prover and rollup technology.