Market activity in cryptocurrencies and NFTs is on the rise, with significant developments also happening in blockchain gaming. A major blockchain gaming platform, Immutable, made a historic announcement about a reward program before the anticipated bull season.
Announcement from Immutable
Standing out among blockchain gaming platforms, Immutable has launched what it calls “the biggest web3 gaming quest and reward program to date.”
Positioned centrally, Immutable has already provided $50 million in token rewards for players. The company also mentioned that high-profile game projects within the Immutable ecosystem, such as “Illuvium” and MetalCore, are included, and there are currently more than 270 ventures under development.
The company specifically highlighted that these two games are among the first 10 games included in the program’s initial phase.
The announcement was made as follows:
Starting today, players can immediately earn rewards by discovering missions, playing games, and owning collections on Immutable.
Developments in web3 games are increasing day by day. As preparations are made for the entry of higher-budget games into the market, Immutable might be trying to leverage the upcoming bull season to its advantage, while also enticing players with a reward program.
Robbie Ferguson, president and co-founder of Immutable, made the following statement:
We are showing what players can expect while discussing the real benefits of digital ownership.
Based in Sydney, Immutable continues to be supported by major investors such as Tencent, Coinbase, Bitkraft Ventures, and Galaxy Interactive.
What is the Current Price of Immutable (IMX)?
While all this is happening, eyes are on the IMX price. As of writing, the IMX price has fallen by 7% to $2.10.
During this period, the IMX market cap has dropped to $3 billion, ranking it 37th in terms of market cap. On the other hand, there has been only a 0.86% increase in the 24-hour trading volume, which could be interpreted as investors being cautious about trading.
The 24-hour trading volume was $63 million, positioning it as the 114th most traded cryptocurrency in the market.
