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Immutable X Launches A $500 Million Ecosystem Fund

Twitter icon  •  Published 4 years ago on June 20, 2022  •  Hassan Maishera

Robbie Ferguson, the co-founder of Immutable X, announced over the weekend that they had launched a $500 million ecosystem fund.

Immutable X Launches A $500 Million Ecosystem Fund

Robbie Ferguson, the co-founder of Immutable X, announced over the weekend that they had launched a $500 million ecosystem fund. The fund is designed to back the next generation of Web3 games, he added. 

Immutable X is an L2 scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading with shared security with the Ethereum mainnet. IMX is up by 10% today and is trading at $0.746 at press time.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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