• Immutable’s $100 million Inevitable Games Fund aims to revolutionize gaming with blockchain technology, backed by venture capital firms like King River Capital and Polygon Labs.

• The fund focuses on early-stage gaming startups, supporting projects like Pixelmon and Guild of Guardians to pioneer immersive Web3 gaming experiences.

King River Capital has announced the launch of the Inevitable Games Fund (IGF), a partnership with Immutable and Polygon Labs that aims to bring new funding into the rapidly expanding Web3 gaming market. The fund, which has a maximum of $100 million, aims to attract professional and knowledgeable investors by promoting innovation in on-chain gaming.

The Inevitable Games Fund is exclusively available to “professional and experienced investors,” ensuring a strategic and focused approach to its investment goals. The fund, led by King River Capital and backed by Immutable and Polygon Labs, aims to maintain its independence from ecosystems and establish itself as a crucial tool for promoting innovation in the quickly changing Web3 game industry.

The fund has already identified a limited number of investment opportunities. The open-world player-versus-player arms game Metalcore, the decentralized Web3 gaming IP Pixelmon, and the immersive role-playing game Guild of Guardians are a few of the intriguing initiatives among them. These calculated investments demonstrate the fund’s dedication to assisting innovative projects at the forefront of Web3 game innovation.

Seizing the Web3 Gaming Opportunity

Zeb Rice, managing partner and co-founder of King River Capital, highlighted the significant potential that the Web3 game industry offers. According to Rice, the change towards Web3 technology is inevitable, given the global revenue from video games has surpassed that of movies, streaming services, and the music business combined. He claims that by leveraging the multi-billion dollar potential of disruptive technologies, the Inevitable Games Fund provides investors with a special chance to take part in this transformative adventure.

The Web3 gaming industry has had substantial investment inflows totaling more than $19 billion since 2018. According to a PwC report in 2023, gaming income is projected to reach $312 billion by 2027, indicating a compound annual growth rate of 7.9%. The strong development trajectory of the Web3 gaming business highlights its great potential and reinforces the strategic significance of initiatives such as the Inevitable Games Fund.

With its first close securing $30 million, the Inevitable Games Fund has garnered commitments from notable investors, including Alpha Wave Ventures, Merit Circle, and various family offices. The fund’s ambitious vision aligns with projections outlined in a 2023 PwC report, anticipating gaming revenues to surpass $312 billion by 2027, reflecting a robust compound annual growth rate. Notably, the Web3 gaming sector has witnessed substantial investments, totaling over $19 billion since 2018, signifying growing confidence and interest in this dynamic space.

Although Immutable and Polygon Labs have historically been rivals in the Ethereum scaling space, their collaboration demonstrates a strategic alignment to promote innovation and scalability within the Web3 ecosystem. Their cooperative work on creating the Immutable zkEVM scaling network, which uses Polygon’s zkEVM technology, demonstrates that their cooperation goes beyond the Inevitable Games Fund. These partnerships highlight a shared dedication to developing Web3 infrastructure and supporting a thriving decentralized application environment.