Australia-based NFT trading platform Immutable reportedly revealed details related to its newly secured $200 million of capital injection via a Series C fundraising. 

Specifically, the funding round was reportedly led by state-owned investment companies from Singapore Temasek and witnessed two giants Animoca Brands and Tencent taking part in. 

ParaFi Capital, Princeville Capital, and Arrington Capital were reportedly also the entities making their investments in the round, together with the current supporters, nominally King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, and others. 

The freshly obtained financial assistance has reportedly helped Immutable achieve the $2.5 billion milestones in terms of overall valuation.

The firm reportedly has plans down its pipeline to dedicate this recently acquired funding towards designing ts Immutable X layer-2 scaling solution for nonfungible tokens (NFTs) on the Ethereum network, as well as scaling Immutable Gaming Studio, which includes its flagship Gods Unchained and Guild of Guardians video games.

Immutable X reportedly utilizes StarkWare’s StarkEx zero-knowledge proof technology to make its Ether-based scalability target available, while making the gas fees free of charge for game developers, and a carbon-neutral environment. 

Robbie Ferguson, Immutable’s co-founder, and president, reportedly took to Twitter to share his belief that the future of gaming will depend on NFT economies and that Immutable is looking to take charge of the pioneering role regarding NFT adoption. 

Ferguson further revealed that the digital future will need open order books as opposed to siloed liquidity, and “genuine” Ethereum-based decentralization, along with consumer-centric NFT initiatives.