Sydney-based Immutable announced on Tuesday the closing of a $250 million funding round, raising its valuation to $2.5 billion.

Investors were led by Singaporean sovereign wealth fund Temasek, backed by Animoca Brands and Chinese video game company Tencent, confirmed Immutable in a series of tweets.

“Our ultimate vision is to bring digital property to the world through NFTs,” said Immutable.

The promotion will allow the company to handle global expansion, including the planned hiring of over 200 new employees.

Immutable is the developer of two video games based on non-fungible tokens (NFT). – Gods without chains and Guardians Guild. In February, the crypto platform struck a deal with GameStop to build an NFT marketplace for its gaming followers.

Immutable also created Immutable X, a platform that enables transactions at much faster rates than the world's second largest blockchain network, Ethereum.

“We are extremely grateful for the endless support and contributions from our enthusiastic members and community partners. We've done a lot in the last 4 years, but it's nothing compared to what we're building today,” Immutable tweeted.

Maja Garatsa Djurdjevic

Maya's career in journalism spans more than a decade in finance, business and politics. Already an experienced editor and reporter in all elements of the financial services sector, before joining Momentum Media, Maya reported for several established news outlets in South East Europe, looking at key processes in post-conflict societies.