Sydney-based Immutable announced on Tuesday the closure of a $250 million funding round, which has propelled its valuation to $2.5 billion.
Investors were led by Singaporean sovereign fund Temasek, with backing from Animoca Brands and Chinese video gaming company Tencent, Immutable confirmed in a series of Tweets.
“Our ultimate vision is to bring digital ownership to the world via NFTs,” Immutable said.
The raise will allow the company to tackle a global expansion, including the planned hire of over 200 new staff.
Immutable is the developer of two non-fungible token (NFT) based video games – Gods Unchained and Guild of Guardians. In February, the crypto platform inked a deal with GameStop to build an NFT marketplace for its gaming followers.
Immutable has also created Immutable X, a platform that enables transactions at a much faster rate compared to the world’s second largest blockchain network, Ethereum.
“We are beyond grateful for the endless support & contribution by our raving community members & partners. We’ve done a lot over the past 4 years, but it’s nothing compared to what we’re building today,” Immutable tweeted.
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.