Immutable X (IMX) is a layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum.

Its goal is to improve Ethereum's scalability and user experience.

Main features:

  1. Decentralization: It operates on a global network of computers (blockchain) that records and validates transactions transparently and securely, without a central authority.

  2. Scalability: Immutable X can process up to 9,000 transactions per second, a significant improvement over Ethereum’s base layer.

  3. Zero Gas Fees: Offers zero gas fee transactions for NFT minting and trading, facilitating a more accessible experience for users.

Utilities:

  1. NFT Minting and Trading: Allows users to create and trade ERC-721 and ERC-20 tokens more cheaply and without compromising the security of their assets.

  2. Game and App Development: Provides a platform for developers to build games and apps that require fast and inexpensive transactions.

  3. Integration with Global NFT Marketplaces: Their international order book allows NFTs listed on one marketplace to be visible and tradable across all platforms within the Immutable X ecosystem.

Whitepaper:

The Immutable X whitepaper is available on their official website.

Immutable X (IMX) annual price evolution:

Here is a list of the approximate price of IMX at the end of each year since its launch:

  • 2021: $4.00

  • 2022: $0.50

  • 2023: $0.75

  • 2024: $1.74 (as of November 25)

* A simple project *

$IMX