Immutable

Immutable was founded in 2018 by brothers James and Robbie Ferguson and Alex Connolly, with headquarters in Sydney, Australia. It developed both blockchain gaming infrastructure and game-development businesses. Immutable Games titles include Gods Unchained and Guild of Guardians.⁠[2][4]

The company’s 2023 whitepaper states that Immutable raised a seed round in 2018 and a $15 million Series A in September 2019. It also identifies the company as developer of the Immutable X protocol, Gods Unchained and Guild of Guardians.⁠[3]

On September 14, The Block reported a $60 million Series B co-led by BITKRAFT Ventures and King River Capital, with Prosus Ventures, Galaxy Interactive, Fabric VenturesFabric VenturesFabric Ventures is a venture capital firm headquartered in Luxembourg and London that has invested in early- to growth-stage companies in Web3 and other fields since 2012, and in recent years has adopted the “machine economy” as its investment theme, covering robotics, AI, fintech, distributed computing, and other areas. In 2022, its venture fund closed at $140 million.Open the full entry, Alameda Research, AirTree Ventures, Reinventure, Apex Capital and VaynerFund participating. Funding was intended to expand engineering and sales, gaming partnerships and its games. The report put cumulative funding at $77.5 million.⁠[5]

On March 7, Immutable announced a $200 million Series C led by Temasek at a $2.5 billion valuation. Animoca Brands and Tencent participated, alongside new investors ParaFi CapitalParaFi CapitalParaFi Capital is a multi-strategy investment firm founded by Ben Forman in 2018, with its main office in New York, operating across public and private markets. The firm focuses on digital assets, stablecoins, asset tokenization, and financial market infrastructure, combining fundamental research, quantitative strategies, and engineering in its investing and portfolio management.Open the full entry, Princeville Capital, Arrington CapitalArrington CapitalArrington Capital is a firm that invests in digital assets and Web3 and manages funds including Arrington XRP Capital Fund; since 2025, through that fund, it has served as sponsor of the special purpose acquisition company Armada Acquisition Corp. II, driving its merger with the XRP treasury company Evernorth.Open the full entry, Mirae Asset and Liberty Global. King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research increased their investments. The company planned to expand its platform and games studio from a team of 165, with 200 planned hires.⁠[6]

Immutable and Polygon Labs announced Immutable zkEVM using PolygonPolygonPolygon (formerly Matic Network) is a blockchain network and project founded in 2017, originally to scale Ethereum, and driven by organizations including Polygon Labs and the Polygon Foundation; its native token was upgraded from MATIC to POL, and in recent years it has shifted toward stablecoin payments infrastructure.Open the full entry technology, adding an Ethereum Virtual Machine-compatible network option for game developers. The announcement described it as an additional choice on Immutable’s platform, rather than a replacement at that time for Immutable X, which used StarkWareStarkWareStarkWare is a blockchain technology company headquartered in Netanya, Israel, founded in 2018 by STARK proof co-inventor Eli Ben-Sasson and others. It uses zero-knowledge proofs to provide scaling, privacy and quantum-resistance solutions for Ethereum and other blockchains, has developed the StarkEx scaling engine, the Cairo programming language and the Stone and S-two provers, and leads development of the layer-2 network Starknet; its last funding round, in 2022, valued it at $8 billion.Open the full entry scaling technology.⁠[7]

On November 9, Immutable and Ubisoft’s Strategic Innovation Lab announced a collaboration combining digital-asset technology with Ubisoft’s game-development experience to explore digital ownership without complex blockchain interactions for players. The announcement concerned an exploratory partnership, not integration across all Ubisoft games.⁠[2]

On March 25, Immutable announced that the US Securities and Exchange CommissionU.S. Securities and Exchange CommissionThe U.S. Securities and Exchange Commission is the federal securities regulator of the United States. Created during the Great Depression by the Securities Exchange Act of 1934 and led by five commissioners, it has a three-part mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation.Open the full entry had closed its inquiry into the company and related parties without findings of wrongdoing or action. The company said the inquiry followed a Wells notice in the preceding year. This account reflects the company’s announcement.⁠[8]

On August 12, Immutable announced that Play’s rewards and growth tools were expanding to conventional games, with Ubisoft’s Might & Magic Fates as the first major partner title. The platform offers quests, rewards, leaderboards, attribution and player-lifecycle tools, alongside Audience Builder. Blockchain functionality was not a prerequisite for these growth services.⁠[9]

On September 19, the company announced a mobile gaming division combining products, expertise and investment to support partner games entering mobile markets. Its stated priorities included mobile-first strategies, investment in mobile studios on the platform, simpler on-chain integration, and expanded publisher and app-store partnerships.⁠[4]

Migration documentation proposes moving Immutable Chain from its existing Geth-based sidechain and Axelar bridge to an OP Stack Ethereum rollup. Indicative timing is a testnet in the first quarter of 2027 and mainnet around mid-2027; neither is presented as completed. Permissioned fault proofs are planned initially, with zero-knowledge proofs a later direction.⁠[10]

The documentation says accounts, contracts, balances, approvals, the chain ID and IMX gas token will carry over, while block time falls from two seconds to one. Fees add EthereumEthereumEthereum is an open, general-purpose smart contract blockchain that launched in 2015, and its native asset is ether (ETH). The project was proposed by Vitalik Buterin and advanced jointly by eight co-founders; the network now uses proof of stake and centers on the EVM, the account model, a rollup scaling roadmap, and the open EIP process.Open the full entry data-publication costs, and bridging moves to the native OP bridge with a seven-day standard withdrawal period. Bridge and block-production pause durations remain undetermined. Node operators must also adapt to op-reth, op-node, and Ethereum execution RPC and beacon API endpoints.⁠[10]

The website’s growth products cover player-email and wishlist acquisition, marketing attribution, engagement, conversion funnels, creator promotion and AI growth analysis. Immutable Passport is a non-custodial wallet and identity product for games, supporting email or social login, account creation, signing and on-chain actions. It can be a primary identity system or operate alongside existing systems.⁠[11]

Website terms updated September 8, 2026 identify Immutable zk Pty Ltd as the contracting party for the websites and related products, APIs, SDKs, smart contracts and infrastructure. Immutable Play and Passport have additional product terms. This contracting-party statement does not by itself identify the IMX token issuer.⁠[12]