The gaming industry is about to receive a major boost with the launch of the Inevitable Games Fund (IGF). Backed by King River Capital, Immutable, and Polygon Labs, this $100 million fund aims to support early-stage Web3 gaming startups and fuel innovation and growth in the gaming landscape.
Web3 gaming has faced a challenging time in recent quarters, with game venture capital investments dropping amid a cryptocurrency downturn. However, with Bitcoin prices soaring to new levels, the tide may be turning for the industry. The IGF comes at a crucial time, offering a lifeline to game startups that have weathered a long winter and providing opportunities for fresh startups to thrive.
The fund has already garnered commitments from notable investors, including Alpha Wave Ventures, Merit Circle, and several prominent family offices. With the collective expertise and resources of Web3 industry leaders, the IGF aims to identify and support high-growth opportunities that will benefit both investors and the gaming community.
Zeb Rice, managing Partner at King River Capital, highlights the immense potential of the Web3 gaming industry. He points out that spending on video games exceeds the global revenue from movies, streaming TV, and the music industry combined. Rice believes that just as mobile gaming underwent a significant shift in 2008, with 79% of gamers now playing on mobile devices, a similar shift is now beginning with Web3 technology. The IGF provides investors with a unique opportunity to tap into this multi-billion dollar shift and benefit from the disruptive power of Web3.
The fund has wasted no time in identifying promising investment opportunities. It has already secured seven early-stage investments in ventures such as Pixelmon, Metalcore, Guild of Guardians, and My Pet Hooligan. These projects offer a diverse range of gaming experiences, from decentralized gaming IP to Hollywood-style animations with a team deathmatch twist. The IGF aims to support these startups and many more, ensuring that the Web3 gaming industry continues to push boundaries and captivate players worldwide.
Robbie Ferguson, president of Immutable, shares the excitement surrounding the launch of the IGF. He emphasizes the combined expertise, global relationships, and industry reach of the fund’s partners, which ideally position it to identify and invest in the best Web3 gaming opportunities globally. With their support, the IGF aims to not only nurture gaming startups but also invest in gaming infrastructure that will further enhance the industry’s growth and potential.
King River Capital, a leading investor in early to mid-stage high-growth technology businesses, is no stranger to the world of crypto and Web3. With investments in companies like Immutable and Discord, the firm has a proven track record of identifying promising opportunities and supporting their growth. By partnering with Immutable and Polygon Labs for the IGF, King River Capital is poised to make a significant impact on the Web3 gaming ecosystem.
The Inevitable Games Fund is set to become a game-changer for Web3 gaming startups. With its substantial investment and backing from industry leaders, the fund will fuel innovation, drive growth, and shape the future of gaming. As the gaming industry continues to evolve, it is clear that Web3 technology holds immense potential, and the IGF is at the forefront of this transformative shift.
Whether you’re an investor looking for promising opportunities or a gaming startup seeking support, keep an eye on the Inevitable Games Fund. The future of Web3 gaming is about to get even more exciting.
