After losing $50 million in 2023—a sum that could buy you a small island or a lifetime supply of avocado toast—blockchain game developer Immutable is back, claiming its 2024 revenue has soared past $110 million. 🎉 Because nothing says “comeback” like doubling your money while the rest of us are still figuring out how to budget for groceries.
Immutable, the brains behind games like Gods Unchained and Guild of Guardians, apparently decided that losing $50 million was just a warm-up. According to the Australian Financial Review, the company’s recent filings show a dramatic turnaround. Because when life gives you lemons, you apparently just throw them into a blockchain and call it innovation. 🍋
The 2023 loss was blamed on a “tough crypto market,” “global regulations,” and “high marketing costs.” Translation: “We spent a lot of money on ads that no one clicked on, and then Bitcoin crashed.” But hey, who needs profits when you’ve got optimism? A spokesperson for Immutable told the Australian Financial Review that things are looking up, with 2024 revenue already hitting $110 million—a 50% increase from last year. Because nothing screams “success” like recovering from a financial disaster in record time. 💸
This revenue surge came after Immutable launched its own layer-2 network, Immutable zkEVM, developed with Polygon Labs. Because if there’s one thing the world needs, it’s another blockchain network. The company is also throwing $100 million into a fund to support web3 game developers. Because why not? It’s not like they’re going to lose it all again. Right? 🎮
Back in March 2022, Immutable raised $200 million in a Series C funding round led by Singapore’s Temasek, valuing the company at $2.5 billion. Other investors included Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings. Because when you’re losing $50 million, you might as well do it with style and a bunch of rich friends. 💼
In late February 2025, Immutable co-founder Robbie Ferguson hinted that several gaming companies valued over $1 billion are considering launching tokens. Because what’s a gaming company without its own cryptocurrency? According to DappRadar, blockchain gaming saw over 7 million daily unique active wallets in January 2025—a 386% increase from the year before. Because apparently, people have nothing better to do than play blockchain games. 🕹️
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Pi Network’s Grand Migration: 10 Million and Counting!
- Kingdom Come Deliverance 2: Lion’s Crest DLC Quest Guide
- Former ‘Bachelorette’ Star Katie Thurston Reveals Breast Cancer Diagnosis: “Waiting on Learning What Stage”
- Cuddly Cats Take Over in the Wildest Night of the Living Dead Remake!
- NEAR Protocol Launches New Governance Proposal
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Unleashing the Digital Rupee: The Wallet You Didn’t Know You Needed! 🤑💰
- Carrie Underwood Says It Was ‘Impossible’ Not To Feel Nostalgic In Return To American Idol, But One Part Was Apparently Pretty Painful
2025-03-17 10:24