Web3 gaming developer platform Immutable and venture capital company King River Capital have teamed up to form a $100 million “Inevitable Games Fund” (IGF) with assistance from Polygon Labs.
The IGF will target high-growth opportunities for professional and sophisticated investors in Web3 gaming, according to an emailed announcement on Tuesday.
Immutable and Polygon Labs will identify investment opportunities, while King River will manage the investment process and deploy the capital across game studios and Web3 infrastructure firms.
Web3 gaming refers to video games hosted on blockchains and may enable players to own their in-game assets in the form of non-fungible tokens (NFTs) or other digital property.
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