Immortal Game is building a web3 chess platform • TechCrunch
To encounter immortal game, a startup that wants to turn chess into a Web3 game with NFTs, in-game rewards for winning, quests, a market 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 a $12 million round in July. With this Series A round, TCG Crypto leads the round, with Cassius, Greenfield One, Sparkle Ventures, Kevin Durant and Rich Kleiman’s 35V, Blockwall, Kraken Ventures and Spice Capital also participating.
Chess players can already access the Immortal Games platform at beta.immortal.game. After creating your account, you can choose four chess pieces from your inventory and start playing with someone else.
These chess pieces were designed by Immortal Game and represent traditional chess pieces, such as pawns, bishops, knights, etc. If you win and manage to complete certain side quests (such as “Win with at least 1 of my remaining knights”), you get rewards.
But there is also a metagame. Special parts are also NFTs with different levels of rarity. You can exchange them on the Immortal Game market for ETH. The company also offers Utility Tokens (CMT) which you can get based on your ranking in the leaderboard and Governance Tokens (IGE).
From this base, Immortal Game has ambitious plans with league tournaments and new game modes. Behind the scenes, the company uses X immutable like its layer 2 solution on top of the Ethereum blockchain.
“An inflection point in the adoption of blockchain technology for mainstream gaming has been reached,” Immortal Game co-founder and CEO Thomas Zaepffel said in a statement. “Chess is an age-old game that benefits from this technology, preserving its heritage while attracting a new group of players. We are delighted 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 coins daily. Since June 2022, the company has generated 200 ETH in trading volume on its marketplace. There are 50,000 registered players with 5,000 active players per week.
It’s not crowded, which means there’s plenty of room for growth. Millions of people play chess on mobile apps and online sites. If Immortal Game manages to convince a fraction of these players to try out its web3 chess platform, it could be a lucrative business.