Meet Immortal Game, a startup looking to turn chess into a web3 game with NFTs, rewards for play to earn, quests, a marketplace and more. Online chess has never been more popular and Immortal Game wants to take advantage of that trend to modernize the game.
The company has raised $15.5 million in two rounds, including a $12 million round in July. With this Series A round, TCG Crypto leads the round, which also includes 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 at beta.immortal.game. After you create your account, you can choose four chess pieces from your inventory and start playing with someone else.
These chess pieces are designed by Immortal Game and represent traditional chess pieces such as pawns, bishops, knights, etc. If you win and manage to complete some side missions (such as “Win with at least 1 of my remaining knights”), you will get rewards .
But there is also a metagame. Special pieces are also NFTs with different rarity levels. You can exchange them for ETH in the Immortal Game marketplace. The company also has utility tokens (CMT) that you can get depending on your ranking and governance tokens (IGE).
From that foundation, Immortal Game has ambitious plans with competition tournaments and new game modes. Behind the scenes, the company is using Immutable X as its layer-2 solution on top of the Ethereum blockchain.
“A turning point in the adoption of blockchain technology for consumer gaming has been reached,” Immortal Game co-founder and CEO Thomas Zaepffel said in a statement. “Chess is an age-old game that takes advantage of this technology, preserves its heritage and attracts a new group of players. We are delighted to have the support of 50 Grand Masters as we continue to expand the reach of this incredible game.”
There are currently 20 people working on Immortal Game. The company releases 30 new pieces per day. Since June 2022, the company has generated 200 ETH in transaction volume on its marketplace. There are 50,000 registered players with 5,000 active players per week.
That’s not a lot of people, which means there’s a lot of room for growth. Millions of people play chess on mobile apps and online sites. If Immortal Game manages to convince a fraction of those players to try out its web3 chess platform, it could turn into a lucrative venture.