Planetarium Labs, a community-driven Web3 game company that raised $32 million in a Series A funding round led by Animoca Brands, announced a strategic partnership with Immutable ($IMX), a top-tier layer two scaling solution for non-fungible tokens (NFTs) on the Ethereum (ETH).
According to the partnership’s announcement, Planetarium Labs-backed Immortal Rising 2, a dark fantasy idle RPG that builds on the success of its Web2 predecessor, will be launched on the Immutable platform soon. As a result, the Immortal Rising 2 players can be assured of unparalleled scalability, security, and a vast web3 gaming community.
The Immortal Rising 2 will be playable on the Immutable platform within the next six months.
“We’re excited to join forces with Immutable to build Immortal Rising 2. As pioneers in this space, Planetarium Labs is dedicated to pushing the boundaries of what’s possible in Web3 gaming. This partnership represents a significant milestone in our mission to deliver cutting-edge gaming experiences that leverage modern Web3 gaming infrastructure and community-driven innovation. Our vision is to bring Web3 to a wider audience, making it accessible and enjoyable for gamers everywhere. Together with Immutable, we are excited to lead the charge in revolutionizing the gaming industry,” JC Kim, CEO and Founder of Planetarium Labs, said in a statement.
Planetarium Labs made a deliberate choice to partner with Immutable platform to build Immortal Rising 2 due to its reputation in developing engaging Web3 games for a global audience. As of this report, Immutable ($IMX) had a fully diluted valuation of about $3 billion, a daily average traded volume of around $53 million, and a total value locked (TVL) of more than $41 million.
“We’re delighted to work alongside Immortal Rising 2 in the Web3 gaming space. Our partnership aims to set new standards, blending Immortal Rising 2's forward-thinking game development with our advanced technological capabilities,” Andrew Sorokovsky, VP of Business Development at Immutable, noted.
The Immutable product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Gaming developers get personalized Web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.
The Immutable network was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with multiple zk-based scaling options, including Immutable X, a rollup based on StarkWare technology, and Immutable zkEVM.
The Immortal Rising 2 has been undergoing notable developments and tests to ensure a stable launch in the near term. On July 17, the Immortal Rising 2 team announced the second closed beta test (CBT) registration, which targets up to 600 participants.
Immortal Rising 2 will be using its native token dubbed $IMT to enable gamers to earn community rewards and participate in governance. Additionally, the $IMT token can be exchanged with Starlight, a high-value currency awarded as in-game rewards at a dynamic rate.
The Immortal Rising 2 will also tap on Stardust, an in-game currency used for character growth and crafting U-grade items.
Through leveraging Immutable’s advanced technology, Planetarium Labs aims to enhance the gaming experience with faster transaction speeds, zero gas fees, and robust security.