Immutable raises $60M for its carbon-conscious NFT platform
Cointelegraph
Published Sep 14, 2021 10:00AM ET
Updated Sep 14, 2021 12:00PM ET
Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund.
The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The new capital will be allocated to supporting Immutable’s growing ambitions, including expanding its global engineering and sales departments, fostering industry partnerships and scaling the network’s native NFT gaming projects.
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Written By: Cointelegraph
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