Kongregate and Immutable X Introduce $40M Web3 Dev Fund

Kongregate, in partnership with Immutable X, today announced a new $40 million fund for web3 developers bringing new blockchain games to Kongregate.com. Also announced – the gaming portal Kongregate.com will be relaunched later this year to become the premier destination for blockchain innovation and home to a new generation of gamers.

Kongregate, creators of the beloved web gaming platform Kongregate.com and a pioneering blockchain game developer, and Immutable X, Ethereum’s leading Layer 2 (L2) scaling solution, continue to build on their partnership. Today, they announced a $40 million fund consisting of an IMX token pool that will be awarded as grants to blockchain game integrations on Kongregate.com. Kongregate.com is relaunching later this year to become the premier destination for blockchain games from both established and indie developers and home to a new generation of gamers.

Kongregate, which was founded in 2006, has a long history of developing and showcasing fun and innovative game experiences across platforms and technologies. With the relaunch of Kongregate.com for web3 coming later this year, the company stays true to its roots in game advocacy, community development, and indie developer support by cultivating one of the game industry’s most inclusive spaces for developers innovation, lively community interaction, and game discovery. Developers will benefit from its end-to-end integration solution to ensure that each game on the platform is a fun and engaging experience for players. This includes a blockchain SDK, game design and tokenomics consultations, and community growth services.

“With the relaunch of Kongregate.com for web3, we’re once again creating a destination unlike any other for developers and gamers to come together to discover, chat about and play games,” said Max Murphy, Kongregate’s Chief Technology Officer. “As gamers ourselves who have long been dedicated to what made the original site so fun and special for millions of community members worldwide, we’re excited to reopen doors with new, sustainable technology that enables players to uniquely experience and be a part of the games they dedicate their time to.”

“We want our players to be owners in their personal gaming journeys,” said Markus Lipp, Kongregate’s Chief Executive Officer. “Blockchain technology allows us to give them a deeper experience in ways not possible with traditional games, from enabling players to help to shape what comes next in the storylines they love to being able to maintain their unique character across titles. Through our continued partnership with Immutable X, we’re ensuring that our players have the best NFT experience possible with technology that brings true innovation to gameplay, while also ensuring it’s green and scalable.”

“As an early innovator in web-based gaming, we’ve been proud of our partnership with Kongregate to help power the next generation of blockchain games,” said Robbie Ferguson, Co-Founder, and President, Immutable. “With today’s launch of our blockchain developer fund, we’re excited to deepen our relationship with Kongregate as we work together to attract the best and brightest developers to build new titles on Kongregate’s relaunched web3 platform.”

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