TL; DR
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Invariably, Polygon Labs and King River Capital teamed up to raise $100 million for a new Web3 gaming fund, which is great for gamers and IMX/MATIC holders alike.
Full story
We admit it:
We are impatient people.
(Hell, Chevy’s first word was “wen?”).
That makes the promise of Web3 gaming, and the time it takes to develop a great video game (Web3 or not), all the more unbearable.
Bad news: we’re still waiting for the release of a AAA certified Web3 game.
Good news: Immutable, Polygon Labs and King River Capital have teamed up to raise $100 million for a new Web3 gaming fund.
(Which should help get things moving).
“That’s cool… but why should I worry?”
Fair question.
1) If you are a gamer…
This allows you to actually own the items you collect in the game and sell them or carry them between titles. For example:
Imagine if every Pokemon had a tracked/unified world population, and every one of them you caught came with you as you played the series – from the first Game Boy releases to today’s Switch titles.
The rare Pokemon (the ones with low world population) can end up being worth a LOT of money (like a first edition Charizard Pokemon card).
2) If you are a Polygon MATIC holder…
(Which, based on our ‘which tokens are most bullish on’ questionnaires – A LOT of you are).
Any games that draw money from this fund will most likely build on Immutable, which uses Polygon’s zk-rollup technology (also known as bulk transaction processing software).
Long story even longer: Polygon will make a ton of money in fees if one of these games hits!
Okay, now you know!