Now it's not the right time to take your foot off the pedal, says the co -founder of Immutable

Now it's not the right time to take your foot off the pedal, says the co -founder of Immutable

While traditional crypto companies pause the attitude, top-class investors are hundreds of million dollars in blockchain games and non-fungal token projects. Immutable, a Layer 2 scaling solution for NFTS on Ethereum, is on an attitude tour and has expanded earlier plans to increase the workforce. This year the number of employees is to be increased from 170 to 400.

"Immutable has set itself the task of driving the next generation of web3 games-and now it is not the time to take the foot from the pedal," Robbie Ferguson, President and co-founder, told Blockworks.

"From a financial point of view, we are in the fortunate that we forecast a runway of more than four years even with aggressive attitudes, so we feel comfortable with this approach," he added.

The company is currently focusing on building its gaming studio, its engineering and partnership team, while its growth accelerates.

When asked about the consequences of the latest market depression, Ferguson said that companies that are involved in blockchain games do not basically correlate with the wider cryptom market. He said that the decision of a player to exchange a card in Gods Unchained or a character in Illuvium or a planet in Ember Sword should be determined by how many players have the game and how useful these are.

"Of course there will be some effects, but the goal is the same: the $ 100 billion that players spend every year in the game to convert into assets that they really have and with whom they can act," he said. "Despite the markets, this number will not decrease, and therefore our mission should not decrease."

The L2 protocol generated $ 200 million in a financing round of the Collar series with an assessment of $ 2.5 billion and announced plans to expand its team to 350 employees. Layer-2 solutions are networks that help relieve the Ethereum blockchain by handling transactions outside the main network.

Immutable has recruited a flood of talents from technology companies such as Uber, Unity and other leading software and gaming companies. The latest new settings include the Chief Studio Officer Justin Hulog, a former manager of Riot Games, and Senior Vice President Jason Suen, a former regional director of Shopify.

"People come to the realization that Web3 is the next internet," said Furguson.

The company expects to publish a flood of games on its platform in the next three months and to make announcements for market integration that resemble its partnerships with Gamestop and Rarible.

"Our global order book for integrations has grown exponentially since the beginning of the year," added the co -founder.

Immutable is part of a number of companies in the crypto area that still hire employees. The digital asset from Fidelity Investments wants to double its number of employees by the end of the year, while the crypto tour is planning FTX, continues to be in a " Sustainable rate . "

This is the Defi credit protocol Maple, which Alameda Research recently granted a loan of $ 77.5 million Set via operation and marketing. Based in Singapore Limit that has just collected $ 4.7 million in a seed round has vacancies in the areas of technology, marketing, product and security.

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The contribution "Now is not the right time to take your foot from the pedal," says the co -founder of Immutable, is not a financial advice.