Immutable (IMX): Let's Understand With the 5W1H Method

What is it?

Immutable (IMX) is a trading platform that integrates blockchain technology into the gaming world. It benefits from the security and user network of the Ethereum blockchain, but thanks to its special solution called Immutable X, it provides a more suitable environment for games by increasing transaction speed and reducing gas fees. IMX is the token used by the user of this platform.

Why

In traditional games, players' in-game assets (characters, weapons, in-game currency) actually belong to the game company. The game company may delete these assets or terminate the service period of the game at any time. Immutable X aims to provide players with full control over their assets, thanks to blockchain technology. While these assets can be used in games, they can also be transferred or sold securely on the Immutable X platform.

How (How)

Immutable X uses a second layer solution called Immutable zkEVM. This solution increases transaction speed and reduces gas fees by moving transactions off the Ethereum mainchain. The main chain periodically verifies transactions occurring on Immutable X. IMX token is used for transactions on the Immutable X platform. Game developers can choose how to create and distribute in-game assets, but players have complete control over those assets once they transfer them to the Immutable X platform.

From (Where)

IMX token can be purchased from some cryptocurrency exchanges. However, it should be noted that the IMX token is not used directly in games. It is used for transactions (asset transfer, sales) performed on the Immutable X platform. You can check which games support the Immutable X platform at https://www.immutable.com/.

Kim (Who)

Immutable Pty Ltd. is a gaming company founded in Australia in 2018. It is the developer of blockchain-based games such as Gods Unchained and Guild of Guardians. It is also the company behind the Immutable X platform. The IMX token is used by players, game developers and NFT marketplace owners who trade using this platform.

When

Immutable company was founded in 2018. IMX token is a relatively new cryptocurrency.

In conclusion

The Immutable X platform and the IMX token create an ecosystem that aims to give players control over their assets and improve the gaming experience. By integrating blockchain technology into the game world, it ensures that in-game assets are transferable and ownable. In addition, it aims to create a more efficient gaming ecosystem by increasing transaction speed and reducing gas fees thanks to the Immutable X solution.