Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company
On Tuesday, crypto company Immutable announced that the US Securities and Exchange Commission (SEC) has officially closed its inquiry into the company and its associated parties. This comes after the SEC previously issued a Wells notice, which signaled its intention to pursue legal action against Immutable for alleged violations of securities laws. The SEC has […]
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After announcing the non-fungible token (NFT) marketplace seven months ago, the American consumer electronics and gaming merchandise retailer, Gamestop, has officially launched the company’s NFT market on Immutable X. In addition to NFTs, Gamestop’s marketplace also features Web3 gaming with games like “Gods Unchained,” and the DC Comics NFT trading card game “Hro.” Gamestop Reveals Immutable X-Powered NFT Marketplace Gamestop’s (NYSE: GME) NFT marketplace nft.gamestop.com is now live, and connected to the Ethereum layer two (L2) scaling solution Immutable X. Unlike NFT marketplaces like....
Playstudios, a mobile gaming company, has recently announced it is diving into the world of Web3 gaming. The company is launching a blockchain gaming division that will introduce the concept of “rewarded play” to its users, who already enjoy real-world rewards for playing its games. Playstudios will also invest $10 million in Web3 gaming companies.
Playstudios to Embrace Web3 and Blockchain Tech
Playstudios, a Las Vegas-based mobile gaming company that has received more than $300 million in funding, is diving into the world of blockchain and Web3 gaming. The....
Celebrated as the paramount force in the realm of Web3 gaming, Immutable X (IMX) has emerged as the go-to blockchain, steering the course for NFTs and in-game transactions. This blockchain powerhouse has solidified its position as the industry leader, particularly renowned for its association with blockbuster titles such as Gods Unchained and Guild of Guardians. The native token IMX of Immutable X has had an amazing upswing, rising by an astounding 140%, in an intriguing turn of events. From the bottom of a bear market, when it was trading at under $0.50, it has made a spectacular comeback....
GameSwift – a Web3 gaming solution, has announced a strategic partnership with the Polygon network to build a comprehensive Gaming Ecosystem. GameSwift partnered up with Polygon and is going to launch its own chain built on the Polygon Edge framework. The platform is tailored to gamers and gaming protocols in the Web3 gaming space to […]
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....