Australia based blockchain scalability protocol for non-fungible tokens on Ethereum raised $60m in Series B funding led by BITKRAFT Ventures and King River Capital.
“NFT trading is a terrible mainstream user experience right now. It’s expensive, illiquid, and the only existing scaling solutions compromise on the most important thing — the security and user-base of Ethereum,” Robbie Ferguson, co-founder at Immutable, said in a press statement. “We want businesses to create their game, marketplace, or NFT application within hours via APIs, with a mainstream user experience. No blockchain programming required.”