Videogames' treasuries will be A LOT more efficient under the CLARITY Act:
+$25 billion a year on 30% mobile store fees --> ~1% on stablecoins
+$60 billion a year on ads with broken attribution --> universal onchain player IDs
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.
Announcement:
As of today, Immutable Play is now open to all games, including those from web2.
The first studio to join will be @Ubisoft.
When we launched Play last year, our goal was to solve the biggest problem for games: growing an audience. Since then, we’ve scaled to
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
Thrilled to finally announce that @gamestopnft Marketplace is officially LIVE on @Immutable.
This is a huge step in making true ownership real for hundreds of millions of gamers.
PTTP
(1/n)
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.
🅧🅧
$15B of web3 games are about to get shipped over the next 18 months.
Just one reasonable success will triple crypto's active users.
It's unmistakably clear that mainstream adoption will be driven by games.
