Immutable and Polygon Labs launch Inevitable Games Fund with hopes of raising $100M

The fund has already secured $30 million from various investors in the Web3 space


printstocker/Shutterstock modified by Blockworks


King River Capital, Immutable and Polygon Labs have partnered to launch the Inevitable Games Fund (IGF), which aims to bring additional resources into the Web3 gaming space.

The fund wants to be ecosystem agnostic and act as a resource to encourage innovation in the on-chain gaming sector. Its investment process is led by King River Capital, with the assistance of Immutable and Polygon Labs.

Only “professional and sophisticated investors” will be able to contribute to the fund, which has a cap size of $100 million. According to Brendan Ma, head of investments at Immutable, the fund’s first close has reached $30 million, and it has received commitments from investors including Alpha Wave Ventures, Merit Circle and several family offices. 

Read more: Funding Wrap: Gaming continues to draw investor intrigue

A handful of investment opportunities have already been identified by the fund, including decentralized Web3 gaming IP Pixelmon, open-world player versus player arms game Metalcore and role-playing game Guild of Guardians. 

In a press release reviewed by Blockworks, co-founder and managing partner at King River Capital Zeb Rice said that video game spending exceeds global revenue from movies, streaming services and the music industry combined. 

Read from our opinion section: Traditional gaming needs Web3 more than ever

“Just as mobile gaming went from virtually zero in 2008 to 79% of gamers playing mobile today, we believe a similar shift has only just begun [with] Web3 technology,” Rice said. “The Fund provides investors with an opportunity to gain unique access to the best Web3 gaming projects globally and is designed to benefit from this multi-hundred billion dollar shift in spending [on] this disruptive new technology.”

Since 2018, the Web3 gaming sector has received over $19 billion in investments, and a 2023 PwC report estimates that this number will only rise. The report estimates that 2027 gaming revenues will reach over $312 billion, representing a 7.9% compound annual growth rate between 2023 and 2027.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg


Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.


Ore’s price more than tripled as the supply of new tokens paused


I spend an unhealthy amount of time thinking about crypto securities law — and I can’t see how ETH is now a securities offering under Howey


Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US


Martin Grant worked with the Fed for roughly 30 years before leaving his position in 2022


BitGo CEO Mike Belshe shared his thoughts on the halving and bitcoin ETFs in an interview with Blockworks


Crypto markets were largely the only ones open over a tense weekend, and they took a beating for it