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Introduction
King River Capital, Immutable, and Polygon Labs have collaborated to establish the Inevitable Games Fund (IGF), with an initial investment of $100 million aimed at supporting early-stage Web3 gaming startups.
Overview
The IGF represents a strategic move by leading figures in the Web3 industry to identify and nurture high-potential opportunities for investors. Spearheaded by King River Capital in conjunction with Immutable and Polygon Labs, the fund’s launch is timely given recent declines in venture capital funding for Web3 gaming, attributed to market volatility in the cryptocurrency sector. The surge in Bitcoin prices hints at a potential shift in the gaming investment landscape, offering both existing and emerging startups opportunities for growth.
Investment Partners
The IGF has garnered support from prominent investors such as Alpha Wave Ventures, Merit Circle, and several distinguished family offices, establishing a strong foundation for fostering innovation and advancement across the gaming sector.
Existing Investments
- Pixelmon
- Metalcore
- Guild of Guardians
- My Pet Hooligan
These early-stage investments represent a diverse range of gaming experiences, encompassing decentralized gaming IPs and immersive animations with interactive gameplay elements.
Zeb Rice, Managing Partner at King River Capital, emphasized the significance of the gaming industry by stating, “Spending on video games surpasses the combined revenue of movies, streaming TV, and the music industry globally, highlighting the transformative potential of technology within this sector.”
Rice also underscored the fund’s role in facilitating investor access to cutting-edge Web3 gaming projects amid a paradigm shift towards disruptive technologies, drawing parallels to the evolution of mobile gaming over the past decade.
Robbie Ferguson, President of Immutable, echoed Rice’s sentiments, expressing enthusiasm for the fund’s launch and the collaborative efforts of King River Capital and Polygon Labs to capitalize on emerging opportunities within the Web3 gaming and infrastructure spheres.
King River Capital’s track record as a key investor in technological innovation, particularly in crypto and Web3 sectors, underscores its commitment to driving growth and addressing market challenges through strategic investments in high-potential startups.
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