Temasek Holdings Invest in Immutable X

https://www.businesstimes.com.sg/garage/immutable-raises-us200m-in-series-c-round-led-by-temasek


I have been trading $IMX for some time and the price recently went into free fall, not to mention the ongoing conflict which made it worse, and also GameStop dumping their awarded tokens (which is part of a deal to create a NFT marketplace), and of course I averaged down gently.

Then yesterday night suddenly shot up, I searched around and realised that it is because Immutable X announced a $200M funding led by Temasek.

I saw the AMA with Robbie Ferguson, he is a really energetic and very smart guy, maybe he is a big reason why the project can attract the funding, I think this project will go very far, actually looks pretty solid. There's also staking in the works (see the second link below), I think maybe that's why they are reserving so many tokens, according to coinmarketcap, only 12% in circulation.

https://coinmarketcap.com/currencies/immutable-x

https://tidy-tv-abc.notion.site/Immutable-X-Roadmap-03424897739a472eb91492e40d3c8c7c

If you are wondering what is the deal between Immutable and GameStop: https://www.sec.gov/Archives/edgar/data/0001326380/000132638022000012/a102-grantagreement.htm

GameStop's Ethereum wallet: https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns

Actually I'm more curious to find out how many other crypto-related projects have Temasek invested lol, kind of a surprise their name suddenly popped up again, I think I saw their name sometime early this year for another project, can't remember which one.

Anyway, cheers, take care, stay safe, stay healthy!










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