Robbie Ferguson, the President and Co-Founder of #Immutable , stated that Asians are making significant advancements in #Web3 technologies. He noted that gaming studios from the region are at the forefront of project development due to a strong alignment between products in this sector and the historical interests of the continent's representatives. In an interview with TechCrunch, Ferguson emphasized that citizens of Japan, South Korea, China, and other countries have had a deep interest in collecting for many decades.

According to Ferguson, it was Asian game developers who initiated the concept of mobile games and were pioneers of the free-to-play model. He believes that the popularity of collectibles in existing games in the region will flourish with the integration of non-fungible tokens (#NFT s ) into the Web3 sector.

Ferguson stated that the evolution of the gaming industry within the crypto space is shifting towards #Asia , adding that consumer responses might differ across regions. Immutable's CEO has placed significant bets on the development of the cryptocurrency gaming market. His organization has released a platform for creating and scaling Web3 projects based on the Ethereum blockchain.

Furthermore, Immutable is also a design studio that develops and launches games through its subsidiary, Immutable Games. The platform has formed collaborations with partners including web studios and intellectual property holders like GameStop, TikTok, Illuvium, and the NFT marketplace #OpenSea . In March 2022, Immutable raised $200 million at a valuation of $2.5 billion. In June of the same year, they announced the launch of a fund for developers and secured venture investments totaling $500 million.