Immutable Raises $60 Million For Their NFT Based Game Platform

Filip Popovic
Sep 20 · 5 min read

Immutable has raised $60 million to monetize its gaming platform with nonfungible tokens (NFTs).

Immutable, based in Sydney, developed a platform to monetize NFTs in games, along with a NFT-based collectible card game titled Gods Unchained. To uniquely identify digital items, NFTs use the transparent and secure ledger of blockchain. In NFT-based games, rare digital items can be sold for crypto, which can then be converted to fiat currency.