Immutable and Polygon Labs Partner to Create the New Home for Web3 Gaming

Leading gaming platform and leading blockchain protocol join forces to create the new home for gaming innovation

Immutable the leading web3 gaming platform, and Polygon Labs a development and growth team for top Ethereum scaling blockchain protocol, Polygon, today announce a strategic alliance aimed at accelerating the development and adoption of web3 gaming. Together, games building on Immutable and Polygon received close to $2 billion in investor funding in 2022, making this a partnership that is widely expected to have a significant positive impact on the multi-billion dollar gaming landscape.

As part of the industry-defining alliance, Immutable will power their best-in-class platform products with Polygon's groundbreaking zero-knowledge technology to accelerate digital ownership for gamers worldwide. This alliance simplifies decision-making for game studios and developers, and provides a smart, safe choice for business leaders that accelerates time-to-market and gives them access to an ecosystem that will be one of the largest and most liquid for end users.

Still in its infancy, web3 gaming has been held back by a dearth of high-quality games and a lack of scalable, enterprise-grade platform tooling. The collaboration will make it easier for studios and developers to build high-quality games that support true asset ownership. At the core of this new relationship is the Immutable zkEVM , a new EVM-compatible zk-rollup powered by Polygon technology and with full Immutable platform support. Building on Immutable zkEVM with the Immutable Platform will make developing web3-enabled games faster, easier and less risky for large game studios and independent developers alike.

Widely touted as the holy grail of Ethereum scaling, Polygon's zkEVM technology significantly lowers transaction processing times and fees, all the while remaining fully compatible with Ethereum and retaining its robust security model.

"By combining the #1 web3 gaming platform – currently serving hundreds of game studios and millions of players – with Polygon's best-in-class zkEVM technology, we are building an Ethereum -centric gaming ecosystem that is poised to take web3 mainstream and bring digital ownership to millions of people around the world," said Robbie Ferguson , Immutable President and Co-Founder. "Billions of dollars of skins are sold each year with no rights for players - we're changing that so players are in control, and ownership is the expectation."

Immutable and Polygon have both enjoyed significant growth over the last two years, driven in part by their close ties to the Ethereum community. Polygon Labs, a development and growth team for the decentralized Polygon protocol, in less than two years has built one of the world's largest ecosystems for web3 gaming dApps, working with legendary studios and publishers like Square Enix, Neowiz, Midnight Society, Plai Labs , and Tilting Point, as well as esports teams and streamers like Cloud9 and Dr Disrespect. Polygon has experienced an enormous increase in usage with a 94% increase in activity from 2021 to 2022.

"Partnering with Immutable is a monumental step forward in our mission to empower developers and enable users to truly own their in-game assets. By leveraging Immutable's top world-class gaming platform, game development becomes seamless, allowing for the creation of rich and unique gaming experiences" said Ryan Wyatt , President of Polygon Labs.

Well-known for being the first zk-rollup for NFTs on Ethereum , Immutable has experienced massive growth, with more than 140 new titles building on the existing platform, including the much anticipated Illuvium, brands such as GameStop, DC Comics, TikTok, Marvel, Warner Bros Discovery Sports, and IP from Disney and Star Wars through Ecomi. Last month it partnered with gaming giant Unity to provide millions of game developers seamless access to web3 gaming.

For more information visit www.Immutable.com

Notes to Editors:
1. Immutable zkEVM presents game developers with additional options, and does not replace their Starkware-based solution, Immutable X.

About Immutable
Immutable is the global leader in web3 gaming on a mission to bring digital ownership to every player by offering the world's best games and game development platform.

The Immutable gaming platform is the smartest, safest choice for web3 game developers and makes it easy to safely build and launch successful games on Ethereum . The product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing quality or best practice. Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community for NFTs and provides developers with multiple zk-based scaling options, including Immutable X, a rollup based on Starkware technology, and Immutable zkEVM, powered by Polygon.

Immutable Games is a recognized leader and pioneer in web3 game development and publishing and is backed by a world-class team with a proven track record of success in bringing games to millions of players. Immutable Games pioneered the world's first blockbuster NFT trading-card game, Gods Unchained, and is currently building a multiplayer mobile RPG called Guild of Guardians. In addition to delivering its own titles, Immutable Games also partners closely with leading games studios and 3rd party developers to build and launch successful decentralized games.

For more information, please visit: https://www.immutable.com

About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading web3 in becoming carbon negative.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure transactions for dApps you develop, get started here .
Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/immutable-and-polygon-labs-partner-to-create-the-new-home-for-web3-gaming-301776473.html

SOURCE Immutable

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

Keep reading... Show less
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Holdings


Keep reading... Show less
Person holding phone that says "GameStop" in front of stock trading charts.

GameStop Frenzy Cools, E*Trade Considers Roaring Kitty Ban

GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3).

The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill.

Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$175 million position in GameStop shares and call options.

Keep reading... Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading... Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading... Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading... Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading... Show less

Latest Press Releases

Related News

×