Interested in knowing what’s next for the gaming industry? Join gaming executives to discuss emerging segments of the industry this October at Gamesbeat Summit Next. register today.
Immortal Games, the company behind the blockchain-based chess platform of the same name, announced that it has raised $12 million in its latest round of funding. In addition to its previous funding, it has raised a total of $15.5 million. It plans to use this funding to build its platform, which provides a Web3 platform for chess players.
Founded in 2021, Immortal Games plans to create an exclusive chess gaming portal that offers not only classic games, but also extras such as “quests”, a reward system and yes, NFTs. It is currently in beta form for users who wish to sign up. The makers emphasize that the Immortal Game’s Play and Earn system is optional for those who just want to play chess.
Players who join Immortal’s expanded features can do things like complete additional objectives within each game for rewards. They can also use the NFTs of special pieces in each game, which can also be sold later. According to the company, NFTs may have a “distinctive playing style.”
Same game, new features
TCG Crypto led the round with participation from Cassius, Greenfield One, Sparkle Ventures, 35V, Blockwall, Kraken Ventures and Spice Capital. 50 Chess Grand Masters serve as ambassadors, including Maxime Vachier-Lagrave and Pragagandha Rameshbabu. Other mentors include Wu-Tang Clan’s GZA, Queen’s Gambit creator Scott Frank and various Twitch and YouTube influencers.
Immortal Games CEO Thomas Zapfel told GamesBeat, “Since we believe that the community is creating the game and product, we feel we should give them a share of the revenue and the value back from the product…. Were thinking about the best way to incorporate blockchain into chess without being distorted. We have a lot of chess lovers we want to play with – we didn’t want to disappoint them. We need to do it without bothering everyone. Had to find the right way.”
Jesse Jacobs, TCG co-founder and partner, said in a statement, “Immortal Games is at the forefront of gaming and blockchain technology. The team is world class, the product is outstanding and the vision is inspiring. We look forward to partnering with Thomas, David are excited [Cingala, CTO] and geoffroy [Mestrallet, COO] Because they expand the gaming experience for enthusiast communities in new and exciting ways.”
Amar Games is planning to expand its major markets in the US, Europe and India. “The focus now is to reach out to the players and show them that we can offer something different, if not new, to chess,” Zapfel said.
cult of gamesbeat While covering the sports industry “where passion meets business.” what does this mean? We want to tell you how news matters to you — not only as a decision maker at a game studio, but as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy connecting with it. Discover our briefings.