TL;DR

• Immutable, Polygon Labs and King River Capital teamed up to raise $100M for a new Web3 gaming fund, which is great for gamers and IMX/MATIC holders alike.

Full Story

We’ll admit it:

We’re impatient people.

(Hell, Chevy’s first word was “wen?”).

Which makes the promise of Web3 gaming, and the time it takes to develop a kick-ass video game (Web3 or not) all the more excruciating.

Bad news: we’re still waiting for a AAA rated Web3 game to be made.

Good news: Immutable, Polygon Labs and King River Capital have teamed up to raise $100M for a new Web3 gaming fund.

(Which should help to move things along).

“That’s cool…but why should I care?”

Fair question.

1) If you’re a gamer…

It lets you truly own the items you collect in-game, and either sell them, or take them with you between titles. For example:

Imagine if every Pokemon had a tracked/unified global population, and that every one of them you caught came with you as you played through the series— from the earliest Game Boy releases, to today’s Switch titles.

The rare Pokemon (the ones with a low global population) might end up being worth A LOT of money (like a first edition Charizard Pokemon Card).

2) If you’re a Polygon MATIC holder…

(Which, based off our ‘which token are most bullish on’ questionnaires — A LOT of you are).

Any games that take cash from this fund will most likely be building on Immutable, which uses Polygon’s zk-rollup tech (aka bulk transaction processing software).

Long story longer — Polygon will be earning a bunch of money from fees if one of these games hit!

Alright, now you know!