Immutable provides Immutable X, a Layer 2 NFT technology platform for Ethereum that aims to bring scalability and zero gas fees to NFT trading and gaming. The protocol, powered by StarkWare’s StarkEx technology, can process up to 9,000 transactions per second with zero gas fees. Immutable has integrations with marketplaces such as OpenSea and Mintable and powers large NFT projects and games including Gods Unchained, Guild of Guardians, Ember Sword, Illuvium, GreenPark Sports, Vee Friends and TikTok. The company is also a developer and publisher of NFT games, including Gods Unchained and Guild of Guardians, and counts partners such as GameStop and ESL Gaming. Immutable plans to accelerate global expansion, invest in the Immutable X platform, scale its Immutable Gaming Studio, and hire aggressively to support growth. The company has a team of 165 people. Immutable builds infrastructure and tools to monetize nonfungible tokens (NFTs) in games and is the creator/publisher of the Gods Unchained collectible card game. Its Immutable X Layer-2 protocol uses StarkWare’s ZK-rollup to scale NFTs on Ethereum, offering zero gas fees, lower environmental impact, and transaction throughput up to 9,000 TPS. The company is also developing a $GODS utility and governance token that will be used for staking, gameplay rewards, and governance within Gods Unchained. Immutable offers developer-facing tools to enable mainstream adoption, including credit-card purchases, AML and KYC services, and end-to-end NFT integrations for game studios. The business operates a marketplace for game items and has announced multiple partnerships across gaming, collectibles, and fashion NFT projects. The company reported 120 employees and plans to grow to about 200 within six months; it recently raised $60M to support engineering, sales, partnerships, and scaling its in-house games. Immutable builds video games that use blockchain to give players true ownership of in-game items. Its flagship title, Gods Unchained, is a play-to-earn, AAA trading card game directed by Chris Clay and remains in beta. The company also develops the open-source Immutable Platform, a toolkit for third-party developers to create immutable, ownable in-game assets. Gods Unchained has sold more than 4 million cards and generated over $4.5 million in revenue through a limited Genesis Sale, which ends on October 10; one digital card sold for $62,000. Immutable plans to use new funding to accelerate development of Gods Unchained and build out the Immutable Platform, and is using some revenue to contribute to next year’s World Championship (current prize pool around $450,000). The company positions itself as a market leader in blockchain gaming.

Total raised

$275M

Funding rounds

3

Latest round

Series C

Latest activity

Mar 2022