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Planetarium Labs, the web3 gaming firm and the team behind the Immortal Rising II blockchain game and Immortal Statue non-fungible token collection, has launched an ecosystem token for its Immortal Rising II blockchain game. The new token $IMT has launched on the Immutable X blockchain network. In this article, we shall explore this ecosystem token $IMT in depth. Immortal Rising II Launches Utility Token In a March 27 blog post, the Planetarium team, through their Immortal Rising II X account, confirmed the launch of an ecosystem and utility token, “$IMT,” for its Immortal Rising II NFT game. The now highly anticipated governance token will allow in-game players to unlock premium content and participate in votes on key in-game decisions. It will also enable users to earn in-game currency through the ranking system and token staking. Planetarium Labs is a renowned community-driven web3 gaming studio focused on creating and delivering immersive gaming experiences using decentralized content and technologies, with a focus on blockchain-based games. The gaming company is renowned for its Immortal Rising II, a dark fantasy role-playing game that combines immersive gameplay with blockchain technology. Last week, the Immortal Rising II creator launched a non-fungible token collection titled “The Immortal Statue.” The NFT collection featured two meticulously crafted NFT tiers: “The Exalted Immortal Bust” and “The Divine Immortal Effigy.” The NFT collection was priced at $50 worth of $IMX per non-fungible token. This NFT collection allowed holders to unlock daily in-game perks, token airdrops, and exclusive NFT claims to enhance gameplay. The Planetarium Labs secured $3 million in a funding round earlier this week. The funding initiative saw the participation of notable web3 investors, including Spartan Group, Immutable, Marblex, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, Cristian Manea, Niels de Ruiter, and other notable angel investors. While commenting about the funding, Jin-Pyo Hong, CEO of Marblex, remarked: “At Marblex, we see immense potential in the growing synergy between Web2 and Web3 gaming. Immortal Rising 2 is a prime example of a blockchain game that delivers engaging mechanics and meaningful digital ownership, and we’re excited to be part of its journey.” $IMT Token Generation Event (TGE) Details The Planetarium funding milestone has coincided with the conclusion of a highly successful Immortal Statue NFT sale that sold within just a few hours, further accelerating momentum and setting the stage for the upcoming Token Generation Event slated Today, March 27, 2025. The upcoming IMT airdrop is prepared for eligible participants who have previously engaged with the Immortal Rising 2 platform on various seasons. Immortal Rising 2 Secures $3M in Funding Ahead of TGE ⚔️ The Immortal Rising II team has allocated 28% of the total IMT tokens for its community reward and ecosystem, 20% to the team, 10% for staking reward, 0.4% for public sales,10% for liquidity reserve, and 14.6% for private sales and investors. The team has also set aside 7% of the total $IMT tokens for Airdrop and 10% for partnership and advisory. The $IMT utility token will have a limited edition of 1 billion tokens. Within the Immortal Rising 2 ecosystem, it all begins with $IMT. It flows through the veins of the ecosystem, balancing risk and reward, and forging heroes from the ashes ⚔️ This highly anticipated $IMT token generation event (TGE) has just gone live on Ethereum and Immutable blockchain networks. Eligible participants have two claim options: on-chain claiming or direct deposit to the Bitget crypto exchange. The $IMT distribution mechanism is determined based on the chosen claim method. Notably, allocations from Immortal Statue NFT ownership and Community Events will be announced separately from this main airdrop. Related NFT News: Sony Tokenizes Netflix’s ‘The Seven Deadly Sins’ TV Series As An NFT Top Selling NFTs This Week – Penguins & Bored Ape Top In Sales NFT Marketplace OpenSea Adds Support For Ronin Network

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