{"id":62047,"date":"2022-05-26T11:27:57","date_gmt":"2022-05-26T08:27:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62047"},"modified":"2025-09-05T15:43:17","modified_gmt":"2025-09-05T12:43:17","slug":"kongregate-and-immutable-launch-40-million-fund-to-support-blockchain-games","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kongregate-and-immutable-launch-40-million-fund-to-support-blockchain-games\/","title":{"rendered":"Kongregate and Immutable Launch $40 Million Fund to Support Blockchain Games"},"content":{"rendered":"<p>The gaming portal Kongregate and Immutable, an Ethereum startup, have launched a $40 million fund focused on developing blockchain games.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"und\" dir=\"ltr\">\u2139 <a href=\"https:\/\/t.co\/dwebN5neDA\">https:\/\/t.co\/dwebN5neDA<\/a><\/p>\n<p>\u2014 Kongregate | We\u2019re Hiring! (@kongregate) <a href=\"https:\/\/twitter.com\/kongregate\/status\/1529631110493110272?ref_src=twsrc%5Etfw\">May 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The structure is built around a pool of IMX tokens. The assets will serve as grants to integrate blockchain games on Kongregate.com.<\/p>\n<p>IMX is positioned as the \u201cStripe for NFTs\u201d, providing gas-free minting and trading of non-fungible tokens on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2 solution<\/a> Immutable X built on Ethereum.<\/p>\n<p>The fund will allow Kongregate to undergo a rebranding and, in the future, position itself as a Web3-focused gaming portal.<\/p>\n<p>The process entails:<\/p>\n<ul class=\"wp-block-list\">\n<li>creating tools for game developers;<\/li>\n<li>consultations on game design and tokenomics;<\/li>\n<li>providing community-building services.<\/li>\n<\/ul>\n<p>Since 2006, the company\u2019s website has been a hub for Web2 games \u2014 offering more than 128,000 free titles.<\/p>\n<p>In February this year, Kongregate <a href=\"https:\/\/blog.kongregate.com\/kongregate-partners-with-immutable-x-to-bring-fun-to-blockchain\/\">announced a partnership<\/a> with Immutable to bring NFT integration to games.<\/p>\n<p>Earlier, in March, Immutable <a href=\"https:\/\/forklog.io\/smi-nft-startap-immutable-privlek-200-mln-pri-otsenke-v-2-5-mlrd\/\">raised $200 million<\/a> at a $2.5 billion valuation.<\/p>\n<p>Earlier, Andreessen Horowitz <a href=\"https:\/\/forklog.io\/andreessen-horowitz-zapustit-fond-na-600-mln-dlya-investitsij-v-igry-i-metavselennye\/\">launched a $600 million fund<\/a> aimed at \u201cgaming infrastructure and metaverse technologies.\u201d<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming portal Kongregate and the Ethereum startup Immutable launched a $40 million fund focused on blockchain games.<\/p>\n","protected":false},"author":1,"featured_media":62048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,1339,1133],"class_list":["post-62047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-immutable","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62047"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62047\/revisions"}],"predecessor-version":[{"id":62049,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62047\/revisions\/62049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62048"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}