Immutable X games collected largest Web3 funding of 2022 – over $900M Immutable X games collected largest Web3 funding of 2022 – over $900M
Immutable X exclusive games raised around $300 million, while Immutable X-based multichain games collected over $600 million in 2022.
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Updated: Jan. 16, 2023 at 10:27 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital.
Immutable X exclusive games and Immutable X-based multi-chain games received roughly $300 million and over $600 million in funding, respectively.
With these investments, Immutable X passed Solana and Polygon to become the most funded Layer-2 Web3 game ecosystem in 2022. Immutable X grew from five games to over 100 throughout the year, according to the report.
Polygon followed Immutable X as a close second with a combined $850 million in funding. Polygon’s multi-chain gaming collected almost $750 million — nearly $150 million more than Immutable X’s multi-chain equivalent.
However, Polygon-exclusive games performed relatively poorly, collecting just over $150 million the entire year.
Gaming accounts for 62% of all Web3 investment
The total funding amount collected by prominent Web3 categories reached $7.1 billion in 2022 — with the Web3 gaming industry accounting for 62.5% ($4.49 billion) — according to a recent report.
Immutable X CTO Alex Connolly gave an exclusive interview with CryptoSlate on Nov. 18, 2022. At the time, the company was at $2.5 billion in valuation, which it reached in two years. Conolly spoke about Web3 gaming’s ability to give power back to the players by granting them full ownership of their in-game assets.
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Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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Immutable is advancing the world of NFTs through Immutable X, an industry-leading NFT minting and trading platform, and Immutable Studios, an NFT game development studio.