Free online gaming site Kongregate has partnered with Immutable, a non-fungible token (NFT) platform, to launch a $40 million investment fund dedicated to blockchain gaming development.
Kongregate goes blockchain
In partnership with Kongregate, an online gaming platform, Immutable has announced the launch of a $40 million investment fund. The fund will be used exclusively to provide grants to developers to create blockchain-enabled games for Kongregate.
Together w/ @kongregate we’re excited to launch a $40M developer fund
We’re on a mission to enable a new generation of games to build on https://t.co/xJjCf8WWyx, making it the most inclusive space for innovation, community interaction & game discoveryhttps://t.co/MzFctPwURM
– Immutable | $IMX ⓧ (@Immutable) May 26, 2022
Immutable is an Australian start-up that has developed an Ethereum second layer blockchain (ETH) specifically for NFTs. The company is known for publishing major blockchain games, such as Gods Unchained or Guild of Guardians.
More concretely, the two companies announced that this fund would be entirely made up of Immutable X (IMX) tokens that will be distributed to developers proposing blockchain games on the Kongregate platform.
These games are expected to arrive by the end of 2022, allowing Kongregate to transition to a Web 3.0 gaming site, as CTO Max Murphy explains:
In practical terms, Kongregate is a platform for accessing thousands of free online video games. For independent developers, it’s also a way to submit their games to a community, get paid through ads and eventually become successful.
