Immortal Game creates web3 chess platform • CableFree TV

Published by
Peter Kavinsky

meet immortal game, a startup that wants to turn chess into a web3 game with NFTs, game rewards, quests, a marketplace and more. Online chess has never been so popular and Immortal Game wants to take advantage of this trend to modernize the game.

The company raised $15.5 million in two rounds, including $12 million in July. This Series A round is led by TCG Crypto, which also includes Cassius, Greenfield One, Sparkle Ventures, Kevin Durant and Rich Kleiman’s 35V, Blockwall, Kraken Ventures, and Spice Capital.

Chess players can already access the Immortal Games platform at beta.immortal.game. After creating an account, you can select four chess pieces from your inventory and start playing with someone else.

These chess pieces were designed by Immortal Game and are traditional chess pieces such as pawns, bishops, knights, etc. If you win and can complete some side quests (such as “Win with at least one remaining knight”), you you receive a reward.

But there is also a metagame. Special items are also NFTs with different rarity levels. You can exchange them on the Immortal Game marketplace for ETH. The company also has utility tokens (CMT), which you can earn depending on your ranking on the leaderboard, and governance tokens (IGE).

Based on this, Immortal Game has ambitious plans with league tournaments and new game modes. Behind the scenes, the company uses Immutable X as a layer 2 solution on top of the Ethereum blockchain.

“The tipping point in the adoption of blockchain technology for consumer games has been reached,” Immortal Game co-founder and CEO Thomas Seepffel said in a statement. “Chess is a centuries-old game that capitalizes on this technology while maintaining its legacy and attracting a new group of players. We are very pleased with the support of 50 grandmasters as we continue to expand the reach of this incredible game.”

There are currently 20 people working on Immortal Game. The company releases 30 new products a day. Since June 2022, the company’s transaction volume on its trading platform has been 200 ETH. There are 50,000 registered players with 5,000 weekly active players.

This is not so many people, which means there is room to grow. Millions of people play chess on mobile apps and online websites. If Immortal Game can convince some of these players to give their web3 chess platform a try, it could be a profitable business.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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