Aussie NFT Platform Immutable Earns Unicorn Badge With US$200M Series C Led by Temasekby Fintech News Singapore March 8, 2022
Australian NFT platform Immutable announced that it has raised US$200 million in a Series C funding round led by Temasek, earning it a unicorn badge with a US$2.5 billion valuation.
Other participating investors include Tencent Holdings, Animoca Brands,Mirae Asset, ParaFi Capital, and Declaration Partners.
The firm is the developer of Immutable X which is a next-generation protocol for trading Ethereum NFTs. It gives users instant trade confirmation, massive scalability, and no gas fees — without compromising user custody.
Immutable said that it will be working to meet the increasing demand for Immutable X.
It will also expand its studio content, blockchain-based competitive trading card game Gods Unchained and mobile role-playing game Guild of Guardian to more players.
Additionally, Immutable will also focus on global expansion by making more than 200 new hires this year with the new funds.
Immutable added that over the past 4 months, it has already onboarded 4 C-suites at the company with each of them leading multi-billion dollar divisions at technology and gaming companies.
The company said in a statement,
“We are beyond grateful for the endless support & contribution by our raving community members and partners. We’ve done a lot over the past 4 years, but it’s nothing compared to what we’re building today.”