Immutable is a Web3 company that has launched a platform for developers so they can build and scale Web3 games on the Ethereum blockchain. The games are designed to familiarize users with blockchain technology in an entertaining and user-friendly environment. Its eSports games use the Ethereum blockchain to transform digital asset ownership in the video-gaming industry. The company was founded in 2018 and has its headquarters in Sydney, Australia. In 2022, Immutable's Web3 games and projects raised a total of nearly $1 billion.
Immutable is most well-known for its games but has also branched out to developing Web3-related tools, infrastructure, and software development kits (SDKs).
In 2018, Immutable, then known as Fuel Games, launched some of the first eSports games on the blockchain: Etherbots and Gods Unchained. There are now dozens of games available for users to play in genres like action, adventure, role-playing, massively multiplayer online (MMO) games, and trading cards.
Immutable has also developed tools and technology that can be used on the blockchain. Its layer-2 platform is called Immutable X.Some other examples include a non-fungible token (NFT) minting tool, a tool for NFT trading, a digital payments solution, blockchain data application programming interfaces (APIs), and the aforementioned SDKs. In early 2023, Immutable announced that it intends to launch a non-custodial Web3 wallet to expedite the process of onboarding users.
There is an Immutable Marketplace where users can trade collections such as Backlord Banners, Gods Unchained cards, Cross the Ages, and Illuvium Land. There is also a hub where developers can distribute and take orders for their digital assets across Immutable-powered marketplaces, such as the GameStop marketplace.
Immutable has a token called $IMX, which acts as a utility and governance token for Immutable protocol. The token can be used to pay transaction fees and staked to earn rewards. Holders of the token can also vote for decisions that are related to the future of the Immutable protocol.
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