Immortal Game raises $15.5M for its Web3 Chess Platform
Immortal Game is a company that aims to use Blockchain and NFTs to transform chess into a web3 game. The game's creators intend to modernize the game by capitalizing on the growing popularity of online chess.
Just recently, Immortal Game raised $15.5 million in two phases, the most recent of which is a $12 million funding. TCG Crypto is the lead investor in this Series A round, including Greenfield One, Cassius, Kraken Ventures, Spice Capital, Kevin Durant and Rich Kleiman's 35V, Sparkle Ventures, and Blockwall.
The 2021 startup aims to build a chess-focused gaming portal with features like NFTs, additional "quests," and a reward system in addition to the traditional game. Anyone interested may join the beta version now.
Immortal Game's developers emphasized that the Play&Earn feature is optional for people who just want to play chess. Developers hope to incorporate blockchain into the game of chess without jeopardizing the game's integrity.
Immortal Game's New Features
Those who choose to participate in Immortal's new extensive features will be able to do things such as unlock more content and earn prizes by completing objectives and challenges.
In each game, players can use NFTs of specific chess pieces. The firm also offers utility tokens (CMT) based on players' governance tokens (IGE) and leaderboard ranking.
According to Immortal Game CEO Thomas Zaepffel, the US, India, and Europe are three key growth markets. Anyone who wants to try out Immortal Games' beta version can go to beta.immortal.game.