Immutable X is a marketplace, providing zero gas fees, aiming to redefine NFTs with a user-friendly approach. More
| Fully Diluted Valuation | $1.07B |
|---|---|
| 24H Trading Volume | $18.29M |
| 24H Low / High | $0.53 / $ 0.56 |
| Circulating Supply | 1.92 B |
| Total Supply | 2.00 B |
| Max Supply | 2.00 B |
| Categories | GMCI 30 Index 15 more |
|---|---|
| Founder | James Ferguson 2 more |
| Website | imx.community |
| Socials | 1 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0xf57....e79ff
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| Name | Pair | OG Score |
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In the dynamic world of blockchain and NFTs, Immutable X emerges as a global leader in gaming, pioneering the mission to bring digital ownership to every player. Founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, Immutable has quickly become a powerhouse, backed by influential tech investors like BITKRAFT Ventures, King River Capital, AirTree, Temasek, Coinbase, and more.
The Immutable Ecosystem: Powering Web3 Games
At the core of Immutable's success lies the Immutable Group, comprising the Immutable Platform and Immutable Games. The Immutable Platform stands as the preferred developer platform for building and scaling web3 games on Ethereum. Meanwhile, Immutable Games, a global leader in web3 game development and publishing, boasts renowned titles such as Gods Unchained and Guild of Guardians.
Immutable X: Redefining NFTs on Ethereum
Immutable positions itself as a groundbreaking layer-two scaling solution for NFTs on the Ethereum blockchain, overcoming limitations like low scalability and poor user experiences. By utilizing STARK zk-rollups, a technology endorsed by Ethereum's founder Vitalik Buterin, Immutable X offers instant trading, massive scalability, and zero gas fees, fostering a secure environment for minting and trading NFTs.
Unique Features and Innovations
Immutable X distinguishes itself by being one of the first layer-two solutions exclusively focused on NFTs, utilizing zk-rollups that are pivotal in Ethereum's evolving ecosystem. With a promised transaction speed exceeding 9,000 transactions per second (tps), the platform aims to become the default "NFT blockchain" in the future.
A key component enhancing user experience is the API abstraction layer, allowing simple API calls for NFT-related interactions like minting and trading. The "Link" intermediate layer ensures an NFT-specific wallet experience, enabling support for third-party marketplace ecosystems without compromising security.
Immutable X's Token: IMX
IMX, Immutable's native ERC-20 utility token, plays a crucial role in the ecosystem. Users pay 20% of protocol fees in IMX, stake it to earn a share of network fees, and hold it for voting on governance proposals. With a total supply of two billion IMX, the token distribution includes allocations for ecosystem and project development, private and public sales, and foundation-related initiatives.
Security and Future Vision
Immutable X's layer-two blockchain operates with zero gas fees, and its security is bolstered by zk-rollups and STARK proofs, ensuring post-quantum security. Choosing to stay on Ethereum reflects Immutable's commitment to the philosophy of trustless, decentralized asset ownership.
As Immutable X continues to operate as Ethereum's first zero-knowledge rollup scaling protocol, the platform aims to solve high gas fee and scalability concerns. With its emphasis on fast and secure transactions, zero gas fees, and a commitment to user-friendly development, Immutable X is poised to lead the way in shaping the future of NFTs and blockchain gaming.
Immutable X stands out as a leading layer-two solution for NFTs on Ethereum, utilizing zk-rollups and an API abstraction layer to offer instant, gas-free trading with a focus on creating a seamless experience for users and developers.
Immutable X was founded by James Ferguson, a Forbes 30 Under 30 entrepreneur with experience leading a software development team, and Robbie Ferguson, a Thiel fellow and fellow Forbes 30 Under 30 entrepreneur. They co-founded the project with Alex Connolly in 2018.
Immutable X is backed by top transformational tech investors, including BITKRAFT Ventures, King River Capital, AirTree, Temasek, Coinbase, and more. These investors have supported Immutable's mission to bring digital ownership to the gaming world.
You can buy Immutable (IMX) on Binance, OKX, Gate.io, Bybit, MEXC cryptocurrency exchanges.
