Immortal Game Raises $12 Million for Web3 Chess Platform
TCG Crypto let the funding round, and Immortal Games will use the fund to build a Web3 Chess platform.
The Fund will be Used to Build a Web3 Chess Platform
Immortal Game has announced that it has raised $12 million in its last round of funding, making a total of $15.5 million. This funding will be used to make a Web3 platform for chess gamers.
Immortal Game was founded in 2021, and the company plans to build a special gaming portal that offers more exciting quests and missions than regular chess games. The game is currently in a beta version, and players can sign up and go for Immortal Game’s Play&Earn system.
Those who opt-in for the extended features can perform certain features that will bring rewards for each game. For example, players can use NFT pieces in games that can be sold, and each NFT has ‘distinct playing styles.’
In an interview, the CEO of Immortal Game, Thomas Zaepffel, said,
“Since we believe the community is creating the game and the product, we feel we should give them back part of the revenue and the value from the product. We were thinking about the best way to include blockchain into chess without corrupting or perverting the game. We have a lot of chess lovers 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.”
Participants in the Funding Round
TCG Crypto led the latest funding round. Other participants include Cassius, Greenfield One, Sparkle Ventures, 35V, Blockwall, Kraken Ventures, and Spice Capital. Ambassadors include 50 chess Grand Masters, including Maxime Vachier-Lagrave and Pragganandhaa Rameshbabu, while advisors include Wu-Tang Clan’s GZA, Queen’s Gambit producer Scott Frank and influencers from Twitch and YouTube.
In a statement, Jesse Jacobs, co-founder and partner at TCG, said,
“Immortal Game is at the cutting edge of games and blockchain technology. The team is world-class, the product is excellent, and the vision is inspiring.