Immutable X (IMX) is a Layer-2 scaling solution for Ethereum, specifically designed to power Web3 gaming ecosystems. It enables developers to create and scale blockchain-based games with gas-free transactions, while ensuring the security of the Ethereum network through Zero-Knowledge Rollups. This technology allows Immutable X to bundle multiple transactions into a single proof, which is posted to Ethereum, significantly reducing gas fees and energy consumption while improving scalability for gaming applications.
The primary goal of Immutable X is to offer a scalable, eco-friendly solution for blockchain gaming, eliminating the high costs and slow speeds typically associated with on-chain transactions. Since its launch, Immutable X has seen increasing adoption across major Web3 gaming projects, including titles like Gods Unchained and Guild of Guardians. In 2024, the platform expanded its reach by launching zkEVM dedicated chains and forging significant partnerships that helped boost the adoption of Immutable X in the blockchain gaming sector.
IMX, the native token of the Immutable X platform, is used for governance, staking, and protocol fee payments. By October 2024, Immutable X reached a significant milestone, surpassing 3 million sign-ups on Immutable Passport, signaling strong user growth and adoption.
With the ongoing boom in Web3 gaming, Immutable X continues to position itself as a scalable and efficient solution for blockchain-based games, maintaining its commitment to decentralization and ecosystem growth.
Above are only for introduction, not intended as investment advice.
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https://alpha.sosovalue.xyz/trade/IMX-USDT-BINANCE
Immutable X (IMX) is a layer 2 scaling solution for non-fungible tokens (NFTs) on the Ethereum blockchain. It addresses Ethereum's limitations, such as scalability, poor user and developer experience, and liquidity issues. Immutable X employs StarkEx ZK-Rollup technology, endorsed by Ethereum co-founder Vitalik Buterin, to offer zero gas fees for trading NFTs without compromising security. This approach allows for up to 9,000 transactions per second (TPS).
The platform also includes a marketplace and a minting tool for NFTs, designed to lower entry barriers for content creators and developers. It offers zero gas fees for peer-to-peer trading, custom trading fees, and allows users to keep their private keys. Immutable X aims to cater to users of all experience levels, focusing particularly on entry-level crypto users and providing a growth platform for NFT businesses.
Immutable X belongs to the Layer 2 sector in the blockchain space. This sector is characterized by solutions that build on top of existing blockchains, like Ethereum, to enhance scalability and performance.
Token IMX was launched in Nov 2021. The initial supply is 2 billion, the current circulation is 1.25 billion, the circulation accounts for 62.5%, the market value is 1.71 billion US dollars, and the FDV is 2.72 billion US dollars. The token has decreased 2 times since its launch Token Allocation
List all important events and milestones in the development process of IMX. Significant Milestones in IMX's Development(updated to 2023)
Future Roadmap and Developments The progress and future roadmap of Immutable X (IMX) for 2023 and beyond involves several key developments and strategic goals:
1. Platform Enhancements: Immutable X is focusing on improving its platform, including features like Immutable Passport, an instant wallet onboarding and authentication solution, and Immutable Orderbook for increased NFT liquidity. Long-term, they aim to streamline web3 complexities and maximize asset distribution.
2. Rollout of Immutable zkEVM: The launch of Immutable zkEVM, a chain specifically designed for games, is planned. It promises EVM compatibility, low cost, massive scale, and Ethereum security, aiming to become the default chain for games.
3. Layer-2 Scaling and Environmental Sustainability: Improvements in transaction speeds (up to 9,000 TPS) and a shift towards ecological sustainability following Ethereum's transition to Proof-of-Stake are key focuses.
4. Developer-Friendly Infrastructure: Immutable has made development easier with its SDKs and REST APIs, and the Immutable Link SDK facilitates third-party NFT wallet integration.
5. Global Order Book and Market Integration: A shared global order book has been introduced for swift integration with NFT marketplaces, enhancing liquidity and trade volume.
6. Strategic Partnerships and Funding: Immutable X has grown through partnerships and funding rounds, including a $60 million Series B and a $200 million Series C funding. A partnership with GameStop led to the launch of the GameStop NFT Marketplace and a $100 million grant fund.
7. IMX Token Launch and Community Engagement: The launch of the $IMX Coin, used for fees, staking, and governance, and over half of its supply is allocated for community incentives, such as user rewards and developer grants. The IMX Trading Rewards program encourages community participation.
Immutable X Official Website:
Immutable X Roadmap:
https://www.immutable.com/blog/product-roadmap
IMX Tokenomics:
https://www.coingecko.com/en/coins/immutable-x
IMX Development History:
https://www.blockchain-council.org/blockchain/what-is-immutable-x-imx-explained/
Recent Developments and Partnerships:
https://www.ccn.com/crypto/immutable-soars-after-amazon-and-ubisoft-deals-where-is-imx-headed/
2023 Major Developments for IMX:
https://cryptomode.com/5-major-developments-for-immutable-imx-in-2023/
As of the latest data, Immutable X (IMX) is valued at approximately $1.36 per token, with a market capitalization of around $1.285 billion. The circulating supply of IMX tokens stands at approximately 570.35 million, out of a total supply of 2 billion tokens. Looking at the future prospects of IMX based on current data and expert analyses, here are the price predictions for the coming years:
Immutable X (IMX) is a Layer-2 scaling solution for Ethereum, specifically designed to power Web3 gaming ecosystems. It enables developers to create and scale blockchain-based games with gas-free transactions, while ensuring the security of the Ethereum network through Zero-Knowledge Rollups. This technology allows Immutable X to bundle multiple transactions into a single proof, which is posted to Ethereum, significantly reducing gas fees and energy consumption while improving scalability for gaming applications.
The primary goal of Immutable X is to offer a scalable, eco-friendly solution for blockchain gaming, eliminating the high costs and slow speeds typically associated with on-chain transactions. Since its launch, Immutable X has seen increasing adoption across major Web3 gaming projects, including titles like Gods Unchained and Guild of Guardians. In 2024, the platform expanded its reach by launching zkEVM dedicated chains and forging significant partnerships that helped boost the adoption of Immutable X in the blockchain gaming sector.
IMX, the native token of the Immutable X platform, is used for governance, staking, and protocol fee payments. By October 2024, Immutable X reached a significant milestone, surpassing 3 million sign-ups on Immutable Passport, signaling strong user growth and adoption.
With the ongoing boom in Web3 gaming, Immutable X continues to position itself as a scalable and efficient solution for blockchain-based games, maintaining its commitment to decentralization and ecosystem growth.
Above are only for introduction, not intended as investment advice.