2 years ago
Non-fungible token (NFT) scaling level Immutable has raised $200 cardinal successful a Series C backing circular led by Singapore authorities concern money Temasek astatine a $2.5 cardinal valuation, according to a property merchandise provided to CoinDesk. The funds volition beryllium utilized toward planetary expansion, including scaling Immutable Gaming Studio and M&A activities.
Other participants successful the circular included Mirae Asset, ParaFi Capital, Declaration Partners and Tencent Holdings, among others.
Immutable past raised wealth astatine a $410 cardinal valuation past year, the institution told Reuters, which was the archetypal to study connected the latest backing round. The $60 cardinal Series B round closed successful September.
Sydney-based Immutable develops the fashionable NFT games “Gods Unchained” and “Guild of Guardians.” The institution besides created Immutable X, a furniture 2 NFT infrastructure level for businesses to physique games, marketplaces and applications.
Immutable plans to adhd 200 employees wrong the adjacent 12 months, much than doubling the existent 165 idiosyncratic team.
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