Kongregate and Immutable X launch $40M blockchain game dev fund
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Web gaming platform Kongregate has teamed up with blockchain game tech company Immutable X for a $40 million fund to give grants to developers who make blockchain games for Kongregate.com.
Immutable makes blockchain games like Gods Unchained, and it has also developed Immutable X, an Ethereum-based Layer 2 (L2) scaling solution that enables blockchain game transactions to happen faster and with better energy efficiency.
Today, the companies announced a $40 million fund consisting of an IMX token pool that will be awarded as grants to blockchain game integrations on Kongregate.com.
Kongregate.com is relaunching later this year to become a destination for blockchain games from both established and indie developers and home to a new generation of gamers. Kongregate, which was founded in 2006, has a long history of developing and showcasing experiences from indie game devs.
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With the relaunch of Kongregate.com for Web3 coming later this year, the company said it will stay true to its roots in game advocacy, community development and indie developer support by cultivating one of the game industry’s most inclusive spaces for developer innovation, lively community interaction and game discovery.
“With the relaunch of Kongregate.com for web3, we’re once again creating a destination unlike any other for developers and gamers to come together to discover, chat about and play games!” said Max Murphy, Kongregate’s CTO, in a
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