Immutable Accelerates Web3 Gaming Expansion After SEC Drops IMX Case

Blockchain gaming network Immutable is charging ahead after the US SEC (Securities and Exchange Commission) closed its investigation into the platform’s native token, IMX, in late March.

Co-founder Robbie Ferguson shared key milestones on X (Twitter), signaling a turning point for the company and the broader Web3 gaming industry.

Immutable’s Ferguson Highlights Network’s Growth

Immutable executive Ferguson revealed that the blockchain-based gaming platform has made commendable strides despite a regulatory clampdown.

“Despite the SEC inquiry, this last year we’ve onboarded 5 million wallet users, partnered with 3 multi-billion dollar companies, and doubled our signed games to 500+. Now the investigations over, so lock in, because we’re only accelerating from here,” Ferguson wrote.

The SEC issued a Wells notice to Immutable in November 2024, raising concerns over possible securities violations. However, BeInCrypto reported that the agency has since concluded the probe without enforcement. This vindication provided the company with long-awaited regulatory breathing room.

With legal uncertainty now behind it, Immutable is doubling down on its mission to redefine ownership in crypto gaming.

High-profile collaborations with firms such as Tencent and Temasek reinforce the company’s momentum, signaling growing institutional confidence in the Web3 gaming model. Its flagship tools, like Immutable Passport, simplify onboarding for mainstream users, allowing seamless access to decentralized game economies.

According to Ferguson’s post, Immutable’s ecosystem may be on track to become one of the most expansive in the space. With over 500 games now in development or live on its platform, it holds one of the largest libraries of blockchain-enabled titles.

Beyond volume, this growth reflects a shift in how games are built and played. By leveraging NFTs (non-fungible tokens), players gain actual ownership of their in-game assets. This represents a stark departure from major publishers’ traditional walled-garden approach.

Immutable’s Treeverse Season 1 Reward Campaign Starts April 19

A key part of this ecosystem is Treeverse, one of the most anticipated Web3 titles launching on Immutable. Backed by the END token and boosted by additional IMX and MON rewards, the game’s first season emphasizes merit-based progression and asset utility.

“Treeverse officially launched on all stores (iOS, Android & Windows) on March 18th. Almost a month later we are finally launching Season 1, beginning with a 30-day reward campaign…on 19th April [4 PM GST/1 PM BST/12 PM UTC/7 AM CT] Season 1 will commence,” a campaign breakdown on Endless Clouds articulated.

Treeverse rewards genuine engagement with NFT-based multipliers, exclusive gear, and a transparent reward model for real gamers.

“2 days until Treeverse Season 1 launches! – 2.76% of END token supply – Bonus IMX & MON token rewards – Packs, Boosts, and Exclusive Crowns available – Holder multipliers – up to 1.75x for NFTrees. Treeverse rewards real gamers on Immutable,” the network shared in a Thursday post.

Meanwhile, Gary Gensler continues to doubt the legitimacy of most digital assets despite the SEC’s move to drop a wide range of charges. In a recent interview, the former SEC Chair suggested that 10,000 to 15,000 tokens besides Bitcoin (BTC) have no fundamental value.

Based on Ferguson’s highlights, industry voices are pushing back against the controversial crypto nemesis.

“Saw Gary Gensler’s talk today and how he was talking about 10-15k tokens besides Bitcoin not having fundamental value. When asked what he thinks about SEC charges being dropped, him still trying to go at it like every coin they pressed on had no fundamental value. Was some clown takes,” commented Meta Alchemist.

Alchemist urged builders like Ferguson to keep pushing forward. In the same tone, Jason, CEO and founder of the Genome Protocol, lauded Web3 gaming.

“Web3 gaming is inevitable,” Jason chimed.

Immutable’s resurgence comes when the Web3 gaming sector is poised for explosive growth. It is projected to expand from $4.6 billion in 2022 to nearly $65.7 billion by 2027.

With its regulatory hurdles cleared and infrastructure battle-tested, Immutable may be poised to go beyond just keeping pace.

Immutable (IMX) Price Performance. Source: BeInCrypto

Despite this optimism, Immutable’s native token is up only by a modest 2.89%. As of this writing, IMX was trading for $0.41.