Immortal Game has raised $12 million to expand its Web3 chess platform

Immortal Game has raised $12 million to expand its Web3 chess platform ...

Immortal Game, the firm that developed the same blockchain-based chess platform, has raised $12 million in its next round of investment. It plans to expand its platform, which also includes a Web3 platform for chess players.

Immortal Game intends to establish a specialized chess gaming portal that includes the classic game, but also new features, such as additional "quests," a reward system, and, yes, NFTs. The creators emphasize that Immortal Game's Play&Earn system is optional for those who want to just play chess.

Players who join Immortal's extended features can complete additional objectives within the game for rewards. They may also sell certain items via NFTs. According to the company, the NFTs can have "distinct playing styles."

Same game, but different features

Cassius, Greenfield One, 35V, Kraken Ventures, and Spice Capital all contributed to the round, including Maxime Vachier-Lagrave and Pragganandhaa Rameshbabu, as well as several Twitch and YouTube influencers.

"We feel we should return part of the revenue and the value from the product," Immortal Game's CEO said of GamesBeat. "We were looking at the best way to incorporate blockchain into chess without corrupting or perverting the game."

"Immortal Game is at the cutting-edge of games and blockchain technology," said Jesse Jacobs in a statement. The team is world-class, the product is outstanding, and the vision is inspiring. We're excited to collaborate with Thomas, David [Cingala, CTO], and Geoffroy [Mestrallet, COO] as they enhance the gaming experience for passionate communities in new and exciting ways."

Immortal Game intends to expand its key markets in the United States, Europe, and India. Zaepffel said, "Now the focus is to reach out to players and show them we can offer something different, if not something entirely new, to chess."

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