Get to know each other Immortal game, a startup looking to turn chess into a web3 game with NFTs, play-to-earn rewards, quests, a marketplace, and more. Online chess has never been more popular and Immortal Game wants to take advantage of this trend to modernize the game.
The company has raised $15.5 million in two rounds, including $12 million in July. This Series A round is led by TCG Crypto, with participation from 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 on 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 represent traditional chess pieces such as pawns, bishops, knights, etc. If you win and manage to complete some side quests (like “Win with at least 1 of my horses left”), you get rewards.
But there is also a metagame. Special parts are also NFTs with varying levels of rarity. You can exchange them on the Immortal Game market for ETH. The campaign also has Utility Tokens (CMT), which you can earn based on your ranking on the leaderboard, and Management Tokens (IGE).
From this foundation, Immortal Game has ambitious plans with league tournaments and new game modes. Behind the scenes, the company uses X is constant as a layer 2 solution on the Ethereum blockchain.
“The tipping point in the adoption of blockchain technology for consumer gaming has been reached,” Immortal Game co-founder and CEO Thomas Zepfel said in a statement. “Chess is a centuries-old game that takes advantage of this technology, preserving its heritage while attracting a new group of players. We’re excited to have the support of 50 grandmasters as we continue to expand this incredible game.”
There are currently 20 people working on Immortal Game. The company produces 30 new pieces a day. Since June 2022, the company has received 200 ETH in transaction volume on its market. There are 50,000 registered players with 5,000 active players per week.
It’s not crowded, which means there’s plenty of room to grow. Millions of people play chess on mobile apps and online. If Immortal Game can convince some of these players to try their web3 chess platform, it could be a profitable business.