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Immutable proposes the Otherside metaverse should be built on its Layer 2 network

NFT startup Immutable submitted a proposal to the ApeCoin DAO on May 27 to have the Otherside metaverse built on its network: Immutable X. Immutable’s proposal notes that the cost to integrate, mint and transfer assets on its network would be zero, while primary and secondary sales would incur a fee of just 2%. The proposal goes on to say that Immutable has been working to bridge the “gap between highly technical and complex blockchain technology and mass-audience adoption for …

Kongregate and Immutable launch $40 million fund for blockchain games

Game developer Kongregate and Ethereum scaling startup Immutable announced a $40 million fund to develop blockchain-based games.  Launched in 2006, Kongregate’s website Kongregate.com became a home for free-to-play independent web games. With this new fund, comprised of the IMX token pool, Kongregate.com will begin incorporating blockchain-based games later in 2022 and ultimately rebranding to a web3-oriented gaming site. Kongregate.com’s blockchain-based rebrand also includes tools for blockchain-based game developers, such as through tokenomic consultations. “With the relaunch of Kongregate.com for web3, …