'Kongregate,' the online gaming website, has partnered up with 'Immutable X,' the blockchain technologies company, to launch a $40 million USD development fund. The fund will go toward developers looking to create blockchain-based games for the Kongregate platform. Kongregate is a decades-old gaming platform that has hosted numerous iconic titles such as 'Bloons' and 'Bubble Trouble.'
As part of this investment fund, the selected developers will gain access to several of Immutable X's services, such as its Ethereum transaction solution that allows for mass transactions at lower costs. Developers interested in this program are encouraged to reach out to Kongregate directly via email. Kongregate plans to relaunch its website as a web3-focused platform soon, so it is trying to amass a generous portfolio of web3-suited video games.
Blockchain Development Initiatives
Kongregate and Immutable X Announced a $40 Million Dev Fund
Trend Themes
1. Blockchain-based Games Development - Partnering with a blockchain company to fund developers with access to blockchain solutions will pave the way for innovative game experiences.
2. Web3-focused Gaming Platforms - Relaunching a decades-old gaming platform to focus on web3 is a disruptive innovation opportunity in the gaming industry.
3. Ethereum Transaction Solutions - Providing mass transactions at lower costs through an Ethereum transaction solution is a disruptive innovation opportunity in the blockchain industry.
Industry Implications
1. Gaming Industry - Partnering with blockchain companies to facilitate blockchain-based games development is a disruptive innovation opportunity.
2. Blockchain Industry - Providing Ethereum transaction solutions that offer lower costs and mass transactions is a disruptive innovation opportunity.
3. Web3 Industry - Relaunching a gaming platform to focus on web3 is a disruptive innovation opportunity.