Immutable X valued at $2.5 billion in Temasek-led financing

Australian NFT startup Immutable has raised fresh funding from investors led by Singapore’s Temasek in a round that values it at $2.5 billion, as it taps a surge in interest in cryptocurrency and NFT ventures.

Investors in the $200-million funding round include Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others.