Animoca Brands and GameStop are among the partners for the NFT technology provider's entry into corporate venturing.
Immutable, an Australia-headquartered developer of games based on non-fungible tokens (NFTs), has formed a $500m strategic investment fund with fellow corporates Animoca Brands and GameStop among its partners.
The fund will provide equity funding and grants to developers of projects and games on Immutable X, an online NFT minting platform the company has built for the Ethereum network. The minting process enables developers to create games allowing players to buy, sell and trade items using NFTs, which, in theory, have…
