{"id":49463,"date":"2021-09-14T20:47:32","date_gmt":"2021-09-14T17:47:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49463"},"modified":"2025-09-02T12:46:07","modified_gmt":"2025-09-02T09:46:07","slug":"nft-startup-immutable-raises-60-million-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-startup-immutable-raises-60-million-in-series-b-funding\/","title":{"rendered":"NFT startup Immutable raises $60 million in Series B funding"},"content":{"rendered":"<p>An Australian startup Immutable, which created the NFT-focused Ethereum Layer-2 protocol Immutable X, raised $60 million in a Series B round. <a href=\\\"https:\/\/www.theblockcrypto.com\/linked\/117620\/nft-scaling-startup-immutable-raises-60-million-in-series-b-funding\\\">The Block<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>The round was led by Bitkraft Ventures and King River Capital. It also included Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda Research, AirTree Ventures, Reinventure, Apex Capital and VaynerFund.<\/p>\n<p>Immutable X lowers NFT minting costs through StarkWare\u2019s scaling technology using zero-knowledge proofs for off-chain validation of transactions. According to the startup&#8217;s representatives, this approach requires far less gas costs and, consequently, energy resources, which is environmentally friendly.<\/p>\n<p>The funds will be used to expand the development team, forge new partnerships with gaming firms, and continue work on the NFT games Gods Unchained and Guild of Guardians.<\/p>\n<p>According to Crunchbase, in September 2019 Immutable received $15 million from Galaxy Interactive and Prosus Ventures. Previously, in July 2018, the startup raised $2.4 million in seed investments from Continue Capital and Nirvana Capital. Thus, the total capital raised by Immutable to date amounts to $77.4 million.<\/p>\n<p>Earlier, billionaire Steve Cohen <a href=\"https:\/\/u1f987.com\/en\/news\/billionaire-steve-cohen-backs-nft-startup-recur-in-50-million-round\">supported<\/a> the NFT startup Recur in a Series A funding round of $50 million.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Australian startup Immutable, creator of the NFT-focused Ethereum Layer-2 protocol Immutable X, raised $60 million in funding.<\/p>\n","protected":false},"author":1,"featured_media":49464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1339,1213,1133],"class_list":["post-49463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-immutable","tag-nft","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49463"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49463\/revisions"}],"predecessor-version":[{"id":49465,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49463\/revisions\/49465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49464"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}