Immutable X Raise $60 Million in Series B Funding

Layer 2 pioneers, Immutable, have raised a magnificent $60 Million in Series B funding, resulting in a grand total of $77.5 million raised in all rounds to date.

The latest drive was co-led by investment firms Bitkraft Ventures and King River Capital, along with a number of key contributors playing their part. And as such, the extra round of funding will secure the future of Immutable as well as provide the injection of cash needed to move the business forward.

Immutable will funnel these extra funds into further expanding their sales and engineering departments, and finance new and exciting gaming collaborations within the play-to-earn domain. With gaming heavyweights such as Gods Unchained and Guild of Guardians already under their wing, it’s onwards and upwards for the Australian startup.

Flagship project, ImmutableX, is a layer 2 scaling solution that uses zero-knowledge proofs to validate transactions. Therefore, taking everyone’s ire, the dreaded gas fee, out of the equation. Furthermore, they run an eco-friendly layer 2 chain that purchases carbon credits to maintain a neutral impact on the planet.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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