A Win for Web3 Gaming: SEC Ends Immutable Inquiry
SYDNEY, March 25, 2025 /PRNewswire/ — Immutable, the leading Web3 gaming platform, is pleased to announce that the SEC is formally closing its inquiry into the company and related parties. There have been no findings of wrongdoing and the SEC is not taking any action.
This closes the loop on the Wells notice issued by the SEC last year.
“We are pleased the SEC has concluded its inquiry. This marks a significant milestone for the crypto industry and gaming as we advance towards a future with regulatory clarity,” said Robbie Ferguson, Co-Founder and President of Immutable. “Immutable continues to build towards our vision of bringing digital ownership to the 3.1 billion gamers across the world; we can now build unencumbered toward that.”
Regulatory clarity is set to be a major unlock for investment into web3 gaming, an industry that has already attracted more than $12 billion of venture capital funding since 2020. Major triple AAA gaming studios have previously cited legal and compliance risks as key barriers to entry into the market. However, with a clear regulatory framework on the horizon, this is expected to unlock further investment and opportunities to tokenize the now more than $200 billion market for in-game purchases.
For gamers, this means true digital ownership of in-game items, with the freedom to trade, sell, or transfer them across platforms and ecosystems.
About Immutable
Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games. Immutable’s gaming platform has onboarded over 500 well-funded games onto the platform and has raised $300M+ USD from leading global investors including Temasek, Tencent, Bitkraft, King River Capital, and Galaxy.
The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum without sacrificing player experience. Immutable delivers the first gaming dedicated scaling solution to the Ethereum community, Immutable zkEVM.
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SOURCE Immutable
