Immutable Shifts Focus, Embracing Layer-2 Networks for Blockchain Gaming
The blockchain gaming sector has evolved significantly since Immutable's inception in 2018. Founded by brothers James Ferguson and Robbie Ferguson, along with Alex Connolly, the company initially developed games such as Etherbots and Gods Unchained.
In 2019, Fuel Games changed its name to Immutable and shifted focus from individual game development to building infrastructure for blockchain applications.
The company's Immutable X platform was developed in collaboration with StarkWare and is designed to improve transaction speed and reduce costs associated with trading digital assets on the Ethereum layer-2 network.
Immutable has attracted significant investment, including a Series C funding round led by Temasek in 2022. The company also partnered with external developers and businesses using its blockchain technology, despite facing challenges during the broader market downturn in 2022.