Tomorrow, @immutable is unveiling:
1) The first of 3 fundamental utility upgrades to $IMX.
Overall, this will be one of the biggest token utility upgrades in history.
2) A partner announcement that will fundamentally change @immutable and web3 Gaming.
🅧🅧
A quick update: @immutable has no exposure to Silvergate or SVB. We have more than A$280M in the bank (predominantly in USD), and do not use financial leverage.
Stay safe out there - and keep building.
The infrastructure we build today will form the basis of digital property for billions of people, and players will keep on playing.
Let’s make sure it’s built on an open ecosystem owned by players.
.@immutable has grown from 5 to 100+ games in 2022. >50% onboarded in last 3 months.
Gaming conforms to power law, though. We only focus on games w/ sufficient funds to be a 10M+ player hit.
Our strategy is clear: IMX games are the *most funded* (second only to L1 Eth) in 2022.
An update on recent events:
1. @immutable does not hold any funds on FTX, nor has lent Alameda or FTX any assets.
2. We do not use financial leverage at immutable. We are here to change digital ownership, not run a crypto hedge fund.
3. Our cash runway is > 3.5 years.
1/n
In March, when @immutable raised $200m Series C from @Temasek and Tencent, we had roughly ~10 games, ~2 marketplaces and a bold product vision: to unite NFT liquidity everywhere on Ethereum.
In the 8 months since then, we've accomplished more than the previous 4 yrs.
1/n
1/ We've been hard at work.
Thrilled to announce that we are in a position of full coverage for the upcoming private sale token unlock, with new investors @coinbase, @KeneticCapital, KRDA (+ more) joining on board. 🎉
Let's dive in - and of course, NFA.
TL;DR 💎 🤲 🅧
We've onboarded more games this quarter than the last 2 years combined.
We're projected to *double* this by the end of the year.
Could not be more proud of the @immutable team.
In January, @immutable's sales + partner success team was 7 people.
Today it's over 75.
@immutable has onboarded more games in the last quarter than they have in the last 18 months *combined*.
More games than ever are looking at web3 as the future of the industry.
@packyM It’s going to sound boring (and I’m biased) but using @airwallex business account for international payments and multi-currency treasury is ridiculously good.
Crypto will produce more innovation in governance and economics than the “real world” for the foreseeable future. And within crypto, most of it will start in games.
Absolutely thrilled to welcome Polygon's VP marketing, Aviral Avasthi, to @immutable as our SVP marketing. Aviral hails from leadership roles at Tinder & Uber.
Marketing is undergoing radical growth at immutable.
Let's dive in with @profoundvanity.
🧵 (1/n)
Gaming is bigger than music, movies, and TV combined.
It's compounding 10% year on year.
The $100bn a year spent "renting" items is going to turn into a trillion dollar ownable economy.
All of it will be built on web3.
I got my first real job in '99 on the biz dev team at Amazon. Like most first jobs, it was a combination of hustle and luck. I had no idea Amazon (or later Facebook) would become what it is today, but I knew I wanted to work there. Here's how it happened: