A yr since launch, the Inevitable Video games Fund – a joint initiative between Immutable, Polygon Labs and Australian/US VC King River Capital – has been speaking up its efficiency.
Revealed at first of March 2024, it wasn’t introduced how a lot the fund had raised, solely that it hoped to lift round $100 million.
What’s now being reported is that the fund has invested in 16 gaming tasks over the past 9 months.
An undisclosed variety of these tasks have since launched a token, with the fund claiming its ROI on these tasks is a 2.8 a number of. It additionally factors out that that is double the 1.4 a number of that might have been skilled investing in Bitcoin over the identical interval.
It’s unclear, nevertheless, if these are realized or unrealized positive aspects i.e. whether or not the fund has truly cashed out its tokens and returned income to its buyers, or whether or not these are “on paper” income.
Working as a cross-ecosystem fund, the Inevitable Video games Fund invests in web3 video games and infrastructure offers sourced by Immutable and Polygon, whereas King River handles the VC funding course of.
Since launching the fund, Immutable has continued to expertise progress when it comes to customers, with its Immutable Passport wallets now boasting over 4.6 million sign-ups. It additionally claimsto have over 500 web3 titles in its ecosystem.
Among the many fund’s early buyers is Polygon Labs co-founder Sandeep Nailwal, in addition to Benefit Circle, the household workplaces of Steve Kokinos (Sonic Growth Ventures) and Mike Arrington (Arrington Capital) and Immutable co-founders James and Robbie Ferguson.
