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.