Australian venture capital firm King River Capital, in collaboration with blockchain gaming firm Immutable and Polygon Labs, has recently announced the launch of a groundbreaking $100 million gaming fund. This fund, named the “Inevitable Games Fund,” is unlike anything seen before in the industry. It is described as an “ecosystem-agnostic fund” that aims to identify and capitalize on high growth opportunities for investors.
According to data from Messari, a leading crypto market intelligence firm, Immutable and Polygon Labs collectively control an estimated 70% of the total blockchain gaming development market share. This significant market share comes on the heels of a remarkable year of growth for the entire industry. In 2023, blockchain gaming-related funding rounds reached an impressive $1.7 billion, with a significant portion flowing to the 270 blockchain games being developed on the Immutable platform.
Zeb Rice, co-founder and managing partner at King River Capital, expressed his belief in the transformative power of web3 technology in the gaming sector. He highlighted the exponential growth potential of web3 technology, drawing parallels to the meteoric rise of mobile gaming in the past decade. Rice emphasized that the Inevitable Games Fund offers investors a unique opportunity to participate in the rapidly expanding web3 gaming market, which is poised to revolutionize the gaming industry.
A report by PwC forecasts a substantial increase in total gaming revenue worldwide, from $227 billion in 2023 to an estimated $312 billion by 2027. Key drivers of this growth include the decentralization and ownership features of blockchain technology, as well as the rise of play-and-earn models that provide players with financial incentives to engage with games. The gaming industry is undergoing a significant shift towards a more immersive and rewarding gaming experience for players.
The Inevitable Games Fund is open for investment by professional and sophisticated investors who are looking to capitalize on the burgeoning web3 gaming market. The fund has already supported seven early-stage investments, including projects such as Pixelmon, Metalcore, Guild of Guardians, and My Pet Hooligan. These investments represent a diverse range of gaming initiatives that are poised to shape the future of the industry.
The partnership between King River Capital, Immutable, and Polygon Labs marks a significant milestone in the gaming industry. The launch of the Inevitable Games Fund has set the stage for a new era of innovation and growth in web3 gaming, offering investors the opportunity to be at the forefront of this transformative industry. With the projected increase in gaming revenue and the rise of disruptive technologies, the future of gaming looks brighter than ever.
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