Immutable Achieves Unicorn Status with $2.5 Billion Valuation

What is an NFT? How do they work and what are the benefits of using them in your marketing strategy?

Immutable is the latest crypto to reach unicorn status. The company has a $2.5 billion valuation and recently announced a partnership with Binance. Read more in detail here: immutable x.

Immutable, a cutting-edge crypto start-up, has secured an amazing $200 million in its newest round of fundraising, boosting the company’s entire valuation to $2.5 billion and securing its unicorn status.

Temasek, a worldwide investment corporation, spearheaded the charge, with Tencent, a Chinese tech behemoth, and Animoca Brands, a blockchain gaming pioneer, providing backing. Mirae Asset, ParaFi Capital, Declaration Partners, and a number of other notable donors also participated in the round.

1/ Big news: @Immutable has received $200 million in Series C fundraising valued at $2.5 billion.

Through high-quality blockchain games, we’re accelerating our objective to make NFTs popular (and more). https://t.co/mZkrK2PnEj pic.twitter.com/69zbECxlIw https://t.co/mZkrK2PnEj

March 7, 2022 — Immutable | $IMX (@Immutable)

Immutable will expand its operations in the next months, aiming to more than quadruple its staff while continuing to disrupt the industry with its extremely efficient layer 2 solution, Immutable X. Gaming developers use this protocol because of its quick transactions, minimal costs, and environmentally friendly principles.

Immutable X recently announced that its zero-knowledge proof roll-up technology would power Gamestop’s next gaming NFT marketplace, and the plucky firm continues to create waves with its zero-knowledge proof roll-up software. They’ll be able to bundle up thousands of contracts on the Immutable side chain and deploy them on Ethereum in a single transaction as a result of this.

The native $IMX token has risen in value as a consequence of its astute business maneuvers, up 40% as of writing and sitting comfortably at $1.58 per token.

 

The “immutable crunchbase” is a NFT that represents the company Immutable. It was created on the Ethereum blockchain and has achieved unicorn status with a $2.5 billion valuation.

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