Technology Immortal Game Raises $12 Million to Build Out Web3...

Immortal Game Raises $12 Million to Build Out Web3 Chess Platform

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Immortal Game, the company behind the blockchain-based chess platform of the same name, has announced that it has raised $12 million in its latest round of funding. In addition to its previous funding, it has raised a total of $15.5 million. It plans to use this funding to build out its platform, which provides a web3 platform for chess players.

Founded in 2021, Immortal Game plans to create a specialized chess portal that offers not only the classic game, but also perks such as additional “quests”, a reward system and, yes, NFTs. It is currently in beta form for users who wish to sign up. The makers emphasize that Immortal Game’s Play&Earn system is optional for those who just want to play chess.

Players who join Immortal’s expanded features can do things like complete additional objectives within each game for rewards. They can also use NFTs of certain pieces in each game, which can also be sold later. According to the company, the NFTs can have “different play styles”.

Same game, new features

TCG Crypto led the round, with the participation of Cassius, Greenfield One, Sparkle Ventures, 35V, Blockwall, Kraken Ventures and Spice Capital. 50 chess grandmasters act as ambassadors, including Maxime Vachier-Lagrave and Pragganandhaa Rameshbabu. Other advisors include Wu-Tang Clan’s GZA, Queen’s Gambit producer Scott Frank, and several Twitch and YouTube influencers.

Thomas Zaepffel, CEO of Immortal Game, told GamesBeat: “Because we believe that the community makes the game and the product, we feel we should give them back some of the revenue and value of the product… . We thought on the best way to incorporate blockchain into chess without corrupting or twisting the game. We have a lot of chess lovers who we want to play with – we didn’t want to disappoint them. We had to find the precise way to do it without upsetting everyone to make.”

Jesse Jacobs, co-founder and partner at TCG, said in a statement: “Immortal Game is at the intersection of games and blockchain technology. The team is world-class, the product is excellent and the vision is inspiring. We are delighted to work with Thomas, David [Cingala, CTO] and Geoffroy [Mestrallet, COO] because they expand the gaming experience for passionate communities in new and exciting ways.”

Immortal Game plans to expand its key markets in the US, Europe and India. Zaepffel said: “Now the focus is on reaching players and showing them that we can offer something different, if not something new, to chess.”

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Shreya Christinahttps://ukbusinessupdates.com
Shreya has been with ukbusinessupdates.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider ukbusinessupdates.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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