# Blockchain-based Game Creator Immutable Foresees Enhanced Opportunities in 2024 Following a $50 Million Deficit YZi Endorses Plume Network to Bridge Traditional Finance and DeFi
Immutable, the individual who created blockchain games such as “Gods Unchained” and “Guild of Guardians,” is recovering following a difficult 2023. Latest reports reveal that the business has exceeded $110 million in income in 2024, a considerable recovery from the $50 million shortfall it reported the previous year.
The business connected the 2023 deficits to a challenging crypto marketplace, considerable advertising expenditures, and worldwide regulatory challenges. However, Immutable is still confident about what’s to come.
A business representative mentioned that existing performance is significantly better, with profits previously exceeding $110 million for the 2024 financial year, representing a 50% year-over-year rise.
This income increase comes after the introduction of Immutable’s personal Layer-2 network, Immutable zkEVM, which was created in collaboration with Polygon Labs. Immutable is likewise investing considerably in the Web3 gaming market, having launched a $100 million fund to help game creators.
Immutable secured $200 million in a Series C fundraising round in March 2022, valuing the business at $2.5 billion. The round was headed by Temasek, Singapore’s state-owned investment firm, with involvement from Tencent Holdings, Declaration Partners, ParaFi Capital, and Future Asset.
Robbie Ferguson, the co-founder, hinted in late February 2024 that a number of major gaming firms, valued at more than $1 billion, are thinking about launching their own tokens. This occurs amid a surge in on-chain gaming activity. According to a DappRadar report dated February 13, 2024, blockchain gaming surpassed 7 million daily unique active wallets in January, a 386% year-over-year gain. Cardano (ADA) is Ready to Supplant Dogecoin (DOGE)
