The SEC has now officially dropped its inquiry into Immutable, with no enforcement action to be taken.
This is an enormous win for web3 gaming – after a year of fighting, this threat to digital ownership rights has finally been put to rest.
We’re excited to build.
Despite the Wells Notice, in the last year we’ve still managed to ship:
>zkEVM - the 11th most popular blockchain in the world
>Passport - with 4.9M+ sign ups
>3 partnerships with multi-billion dollar companies
>x2 our total games to 500+
We’re excited to now truly accelerate.
There are 3.5 billion gamers in the world, and web3 solves the problem of digital ownership for them, with real utility + PMF.
Overcoming this investigation was a big step to bringing them onchain, but we’re still early days.
I’ve never been more excited for what comes next.
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.@Immutable - the leading web3 gaming platform - is joining forces with @0xPolygon - the leading scaling protocol - to create the new home of gaming. All on Ethereum.
2/ Nearly $2B USD has been invested in *2022 alone* across Immutable and Polygon.
Now, game developers and players don't have to choose.
The best scaling infrastructure, community, onboarding (passport), liquidity (global orderbook)+ cross-rollup liquidity.
This is endgame.
3/ One hit game will triple web3's userbase overnight.
Our joint goal is to make that as easy as possible.
Game devs shouldn't have to worry about smart contracts, or seed phrases, or underlying tech. They need a solution that works - and empowers their players.
3/ GameStop has 50 milion users, and one of the largest thriving digital communities in the world.
We're thrilled to be able to work with them to help realise the next vision of Web3 gaming: scalable, mass-market, sustainable economics, and most importantly - fun.
Thrilled to announce that we are in a position of full coverage for the upcoming private sale token unlock, with new investors @coinbase, @KeneticCapital, KRDA (+ more) joining on board. 🎉
Let's dive in - and of course, NFA.
TL;DR 💎 🤲 🅧
2/ Over the past month, we've spoken to the top 30 holders of $IMX that make up 85% of the unlock, many of whom are long-term equity shareholders of Immutable as well.
3/ Some quick stats:
1. Over 95% of them are confirmed holders (>80% supply). 2. Out of the top 20 holders, 18 are holders, including *100%* of top 10 (65% of unlock). 3. For any remaining sellers, we've onboarded new long-term buyers who bought their tokens pre-unlock OTC.
The majority of early unlocking holders are large strategic shareholders who are here for the long-term vision, and won’t be selling. Selling is healthy - but our goal is long-term aligned holders, which means...
3/ New holders
We’ve been working hard to onboard new strategic long-term holders to buy any remaining supply wishing to sell directly, with the ultimate goal of minimizing any unlocking $IMX hitting the market.
- Price trends
- Win rates in decks
- Stacked displays (based on metadata; soon to be supercharged by IMX metadata orders)
Games will have billions of # of NFTs. Bringing liquidity to them requires custom, exceptional UXs for games.
@GodsUnchained@aquadotxyz .@aquadotxyz is being led by one of the heaviest hitters to enter the web3 marketplace spaces, @seandaveyryan. Former VP at Meta, one of the top execs at the world's biggest company.
Extremely bullish to see this level of talent building in web3 games.