Polygon Labs has teamed up with King River Capital and Immutable to establish a $100 million fund aimed at advancing the Web3 gaming sector. This collaboration underscores the growing interest in Web3 gaming and Polygon's prominence in the space.

In 2023, Polygon ranked third among gaming blockchains, with 1 million unique active wallets, representing a 15% year-over-year increase, according to the DappRadar Games Report. Additionally, Game7's 2023 State of Web3 Gaming report highlighted Polygon as the host of the most Web3 games among all blockchains, including popular titles like Matr1x, Anichess, and Gas Hero.

While the fund is expected to remain ecosystem agnostic, the involvement of Polygon Labs and Immutable could drive significant funding into both ecosystems. King River Capital's participation in Immutable's series B funding round further solidifies the partnership.

The collaboration underscores the continued investor interest in Web3 gaming and highlights Polygon's growing reputation in the industry.