CRYPTO NEWS

Immutable unveils $500M fund to support Web3 gaming adoption

Immutable, the firm behind Ethereum’s leading NFT scaling solution Immutable X, has announced a $500 million fund aimed at boosting Web3 gaming development, according to details shared on Friday.

Immutable will count on experience gained from the development of Gods Unchained and Guild of Guardians to help new developers. New talent is also being added to the team from leading game studios like Riot Games in a bid to provide the best in terms of game design, tokenomics, and marketing.

Venture and Grants program

According to the platform, the fund will be split into two – ventures and grants – with both layered on the objective of accelerating the global adoption of Web3 games.

The venture side of the fund will see Immutable partner with leading venture funds to provide developers access to the support they need to build on the platform. Firms already in the mix include BITKRAFT, Airtree, Animoca Brands, GameStop and King River Capital among others.

Grants will also involve Immutable X (IMX), the native token on the L2 platform. All token-related investments will be unlocked after 24 months.

Immutable says their goal is to help onboard the next big project on Immutable X, joining the likes of TikTok, GameStop, Illuvium, Opensea, Ember Sword and VeeFriends among other top gaming platforms and IP holders.

The post Immutable unveils $500M fund to support Web3 gaming adoption appeared first on CoinJournal.

How are crypto wallets derived? Specifically the BIP32 Root key

I realize this is a very broad question. I’m not getting helpful resources from anywhere. White papers don’t really explain the code, YouTube videos are vague or abstract, demonstration sites don’t really show the work. I’m coding my own wallet (I wont actually use it; it’s just academic), in Python. And no, Im not using::Listen

I realize this is a very broad question. I’m not getting helpful resources from anywhere. White papers don’t really explain the code, YouTube videos are vague or abstract, demonstration sites don’t really show the work.

I’m coding my own wallet (I wont actually use it; it’s just academic), in Python. And no, Im not using special crypto wallet packages; it would defeat the purpose of learning what’s going on here.

I’m also using https://iancoleman.io/bip39/ as a reference to verify my work.

I’ve gotten all the way up to the BIP39 Hexadecimal Seed. I don’t know where to go from there; it suddenly got complicated and like I said, references don’t really explain much of anything. If anyone knows of a good source to learn the nitty gritty details of actually constructing a working wallet, for arbitrary coin, please do let me know. I’d appreciate it immensely not to keep having to ask questions for every step.

It would seem, judging from Ian’s site, that the next step is to decide which coin I’m using, and to produce a BIP32 Root Key. The site would also seem to indicate this is done before deciding on a derivation path. How is this done?

Assume I know which coin I’m wanting to build the wallet for (I know there is a list of registered coins with an associated number for each, e.g. BTC=0).

FYI, Im not looking for python code; Im looking for a specific, detailed explanation on the next steps in the process. Something that I can actually implement.

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Immutable unveils $500M fund to support Web3 gaming adoption

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