{"id":20331,"date":"2022-03-08T07:47:27","date_gmt":"2022-03-08T06:47:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20331"},"modified":"2022-03-08T07:47:32","modified_gmt":"2022-03-08T06:47:32","slug":"immutable-raises-200-million-in-series-c-nft-startup-values-at-2-5-billion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/immutable-raises-200-million-in-series-c-nft-startup-values-at-2-5-billion\/","title":{"rendered":"Immutable Raises $200 Million In Series C, NFT Startup Values At $2.5 Billion"},"content":{"rendered":"\n
The Sydney-based blockchain firm has raised a series C funding of $200 to million, having been led by Temasek. The company is now valued at $2.5 billion.<\/h5>\n\n\n\n
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Immutable, an NFT firm now valued at $2.5 billion after a Series C funding of $200 million<\/figcaption><\/figure>\n\n\n\n

Immutable Raises $200 Million, NFT Startup Aims To Boost Gaming Studio<\/h2>\n\n\n\n

Immutable, a blockchain startup, announced\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> on Monday that it had raised $200 million in a Series C fundraising round from investors. Temasek led the investment round, which also included Tencent, Animoca Brands, Mirae Asset, and Airtree Ventures.<\/p>\n\n\n\n

The funding will be used to expand the gaming studio and strengthen its Ethereum non-fungible tokens (NFT<\/a>) technology. “Zero gas fees, rapid transactions, and carbon-neutral NFTs for marketplaces, games, and applications without compromise,” according to Immutable's website<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

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Immutable 24-hour stats show a 26.1% gain as of March 7.<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

The company's chief executive, James Ferguson, told Reuters in an exclusive interview that investors recognize the platform's potential.<\/p>\n\n\n\n

“Immutable is locked in on developing a leading, ambitious, and dependable web3 ecosystem for a new era of creators that desire scalable results in the world\u2019s fastest-growing industry,\u201d Ferguson said. \u201cOur investment partners understand the power and potential of the Immutable X platform and will play an integral role in this next phase of our growth.\u201d<\/p><\/blockquote><\/figure>\n\n\n\n

According to the company's press releases, the $200 million capital raising puts the company's overall valuation to $2.5 billion. The NFT company collaborated with Tiktok, a social networking platform, in September, and announced a relationship with Gamestop in the first week of February 2022.<\/p>\n\n\n\n

The platform's native token, immutable x (IMX), soared 35 percent higher after the company secured a partnership with Gamestop. Following the Series C funding round, IMX has gained 26.1 percent versus the US dollar and 29.5 percent against bitcoin at the time of writing (BTC).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sydney-based blockchain firm has raised a series C funding of $200 to million, having been led by Temasek. The company is now valued at $2.5 billion. Immutable Raises $200 Million, NFT Startup Aims To Boost Gaming Studio Immutable, a blockchain startup, announced on Monday that it had raised $200 million in a Series C […]<\/p>\n","protected":false},"author":33,"featured_media":20334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,62],"tags":[202,1648,7947,147],"class_list":["post-20331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-nft-news","tag-blockchain","tag-fundraising","tag-immutable","tag-nft"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/61d71cf495f1b900183784d5.jpeg-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20331"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20334"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}