King River Capital, Immutable, and Polygon Labs have come together to launch the Inevitable Games Fund, designed to invest in Web3 games. The fund has a maximum cap size of $100 million and has already secured commitments from Alpha Wave Ventures, Merit Circle, and others.
Angel investors in the fund include Polygon Labs co-founder Sandeep Nailwal, Immutable co-founders James Ferguson and Robbie Ferguson, CrunchFund and Arrington Capital co-founder Mike Arrington, and Sonic Boom Ventures’ Steve Kokinos.
Driving Innovation
The Inevitable Games Fund will seek out promising early-stage Web3 gaming companies to invest in. It is ecosystem agnostic, focusing on growth and innovation across the sector rather than in a specific ecosystem.
King River Capital will manage IGF deployment, leveraging its investment experience and background, while Immutable and Polygon Labs will contribute their expertise in digital assets and Web3 gaming deals.
Among the potential investments identified for Web3 games, the fund is considering Pixelmon, Guild of Guardians, My Pet Hooligan, and Metalcore. Metalcore, an open-world PVP game, is utilizing both Web3 and AI technology.
“Spending on video games surpasses the global revenue from movies, streaming TV, and the music industry combined, presenting a significant opportunity for a technological shift. We believe that a similar transformation is underway with Web3 technology,” said Zeb Rice, co-founder, and managing partner of King River Capital.
“The Fund offers investors a chance to access the best Web3 gaming projects globally and is positioned to benefit from the substantial shift in spending toward this disruptive new technology.”
Immutable president and co-founder Robbie Ferguson stated, “We are thrilled to launch this innovative fund in collaboration with King River Capital and with the support of Polygon Labs. With our combined expertise and industry reach, the Fund is well-positioned to identify and invest in top Web3 gaming infrastructure opportunities worldwide.”
Square Enix, the maker of Final Fantasy, recently invested in the Web3 games platform HyperPlay to explore new avenues within the Web3 gaming space.
