Immutable has entered several significant partnerships, predominantly with game development giant
Ubisoft to launch the latter's Web3 card game, 'Might & Magic: Fates.' The cooperation positions Immutable firmly in the $300B+ Web2 gaming industry, opening up its crypto rewards for web2 games, starting with Ubisoft as its inaugural partner. Immutable's other significant developments include a considerable Airdrop to IMX Stakers and the authorization of gas-free NFT minting and straightforward Web3 gaming. Topping Japan App Store charts is the Immutable-based game ‘TOKYO BEAST.'
Despite facing an SEC investigation and cutting a third of its staff, Immutable performed remarkably, where the SEC dropped its investigation, adding to the crypto firm's resilience. Immutable sees the steady growth of its gaming ecosystem with 181 new game announcements and a 71% growth rate recorded in 2024, making it the fastest-growing blockchain gaming ecosystem. The company has successfully moved into the institutional capital stratum, presenting at Goldman Sach's Asia Financial Technology Conference.
Despite some struggles ahead, Immutable's IMX token surged by up to 52%, fuelled by the Ubisoft partnership, breaking its trendline. Immutable has also surpassed Ethereum in NFT sales volume and leads Web3 and GameFi market expansion. However, some concerns linger, such as claims of crucial executives leaving the unicorn crypto start-up and the company burning capital faster than its revenue growth.
Immutable News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Wed, 13 Aug 2025 15:16:45 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 8
