Immortal Sport: Web3 chess startup Immortal Sport raises $12 million in investment led through TCG

Chess startup Web3 and market Immortal Sport mentioned Thursday it has raised $12 million in investment led through cryptocurrency TCG, in addition to fellow tech and leisure pros Cassius, Greenfield One, Sparkle Ventures (sponsored through founders Sandbox and Animoca Manufacturers). 35V through Kevin Durant and Wealthy Kleiman, Blockwall, Kraken Ventures and Spice Capital.

Immortal Sport will use the investment to boost up its product building and succeed in key markets together with India, the United States and Europe.

Based in March 2021 through Thomas Sepffel, David Singala and Geoffroy Mestrallet, the startup raised $3.5 million previous this yr led through Cassius and Greenfield One, which was once additionally sponsored through GFC, Kraken Ventures, Moonfire, Kima Ventures, Blockwall . and BlackPool DAO.

“The tipping level within the adoption of blockchain generation for shopper gaming has been reached. Chess is a centuries-old recreation that capitalizes in this generation whilst keeping up its legacy and attracting a brand new workforce of avid gamers. We’re enthusiastic about the give a boost to of fifty grandmasters as we proceed to increase the succeed in of this improbable recreation,” mentioned Thomas Sepffel, CEO of Immortal Sport.

Powered through the blockchain, the Immortal Sport is being created in collaboration with and for the devoted chess neighborhood. It objectives to enhance the gaming revel in for on-line chess avid gamers around the globe, who recently play greater than 20 million video games day-to-day, via using web3 and next-generation virtual belongings.

“Immortal Sport is at the vanguard of gaming and blockchain generation,” mentioned Jesse Jacobs, co-founder and spouse of TCG. “A global-class crew, the product is superb, and the imaginative and prescient is inspiring. We’re excited to spouse with Thomas, David and Geoffroy as they increase the gaming revel in for passionate communities in new and thrilling techniques.”

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