Immutable Signals Web3 Gaming’s Maturity With Spotlight at Goldman Sachs Asia Event

• Immutable’s involvement in a major Goldman Sachs event signals Web3 gaming’s growing interest in traditional markets.
• The Australian gaming firm has already signed over 250 games in the region, seeing the area as a growing force in Web3.
• Despite recent gains, Immutable’s IMX token is experiencing a slowdown.

Immutable, a leading Web3 gaming platform, is set to take the stage at the Goldman Sachs Asia Financial Technology Conference, underscoring growing institutional interest in Web3 gaming.

The Australia-based company has long identified Asia as a key region for Web3 gaming, as analysts predict the regional gaming market could reach $400 billion by 2034.

Immutable Takes the Stage

On Wednesday, May 14, Immutable announced that its Co-Founder and President, Robbie Ferguson, would speak at the Goldman Sachs Asia Pacific Financial Technology Conference.

The event is described as one of the region’s most prominent gatherings for institutional investors.

Leaders from traditional finance, digital assets, and emerging technologies are expected to be in attendance.

Immutable’s participation signals that Web3 gaming is gaining broader recognition, moving beyond a niche market into the mainstream.

Asia’s Expanding Role in Web3 Gaming

In a recent blog post , Immutable described Asia as a global leader in gaming and blockchain innovation.

The region is home to over 826 million gamers and is expected to generate $42 billion in revenue in 2024, representing over 50% of global mobile gaming revenue.

The Southeast Asian gaming market is projected to grow from $5.1 billion in 2023 to $7.1 billion by 2028, according to data from Niko Partners.

Immutable has reportedly signed over 250 games throughout the Asia region.

Among the companies utilizing Immutable’s technology is MARBLEX, the Web3 division of South Korean gaming firm Netmarble.

IMX Token Faces Market Pullback

Meanwhile, Immutable’s governance token, IMX, has seen a loss of upward momentum after rebounding from a multi-month downtrend.

According to CCN analyst Nikola Lazic, the token reclaimed key resistance at $0.52 and reached a high of $0.81 on May 11.

Lazic noted that while the medium-term outlook remains constructive, a short-term pullback is likely.

He advised traders to expect some downside in the near future.