Immutable, one of the country’s most heavily backed cryptocurrency start-ups, says it has never been more confident about its future despite newly filed accounts showing it posted a $72 million loss last year.
The company, founded in 2018 by Sydney brothers James and Robbie Ferguson and Alex Connolly, specialises in bitcoin gaming, where players are rewarded with in-game tokens that can be traded for cash.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
