Despite the popularity of the non-fungible token (NFT) industry, it also faces a series of challenges, including the problem of rapid scaling and high gas fees. To address these challenges, Immutable X was born, a second-layer technology solution based on the Ethereum blockchain that provides instant transaction confirmation and significantly reduces gas fees, laying the foundation for the future development of the NFT industry.#imx
Created by Immutable, the developer of the game Gods Unchained, Immutable X represents the future of the NFT industry, providing a highly scalable second-layer solution.
Immutable X uses the second-layer zero-knowledge aggregation technology to provide users with instant transaction confirmation and massive scalability without custody. Its speed of up to 9,000 transactions per second and no gas fees make it a popular choice in the emerging GameFi field.
In addition to free minting of NFTs, Immutable X is also focused on attracting mainstream gamers through a custom wallet user experience that integrates credit card payments.
According to a report by Delphi Digital, Immutable X games received impressive Web3 financing in 2022. Immutable X games and multi-chain games based on Immutable X received more than $3 billion in funding in total.
With these investments, Immutable X has successfully surpassed Solana and Polygon to become the second-layer Web3 gaming ecosystem with the most funding support in 2022. Within a year, Immutable X has rapidly expanded from the initial 5 games to more than 100 games.
Users can trade their NFTs on the Immutable X market through the Immutable X protocol. This ensures that both developers and users can enjoy a complete trading market. This makes it easier for new content creators to enter the market, because developers can easily use the Immutable X market, even if they cannot build their own market platform.
For developers, Immutable X provides professional and simple APIs and SDKs to launch new games faster.
In addition, it provides a global order book that can quickly propagate NFTs to every market on the blockchain network. This makes Immutable X a highly anticipated innovative solution for the NFT industry.
Immutable X leader James Ferguson, a high-profile entrepreneur who was once included in the Forbes 30 Under 30 list, now leads the Immutable X team. Prior to joining Immutable X, he oversaw the software development team at a $1 billion e-commerce company, demonstrating his talent in both technology and team management.
In addition, Immutable X is also supported by many well-known cryptocurrency venture capital funds, such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital and Galaxy Digital. These supports show the great potential of the project and enable Immutable X to quickly emerge as an innovator in the highly anticipated NFT and blockchain fields.
Immutable X's ecosystem uses the ERC20 token IMX with a total supply of 2 billion. Users can obtain IMX tokens in a variety of ways, such as developing applications or trading NFTs.
IMX tokens have multiple uses, including rewarding users, paying transaction commissions, and staking. Users can put their assets into the staking pool to receive generous staking rewards. In addition, token holders have the opportunity to participate in community governance and influence community development decisions through voting. The number of IMX tokens they hold will determine their voting rights in governance, and an increase in the number will increase their influence accordingly.
Immutable X provides traders, creators, and market participants with various incentives to encourage them to actively participate in the three core functions of IMX tokens: paying blockchain protocol fees, staking, and voting in governance. In addition, Immutable X also provides users with more opportunities to participate in and influence the future development of the project.
The Immutable X ecosystem also involves several other games and applications to provide more diverse experiences and opportunities. Here are some notable projects:
"Illuvium" is a blockchain-based game that combines role-playing and strategy elements. Players can collect, raise and fight various virtual creatures, while also acquiring rare game assets through trading and auctioning NFTs.
"Immutable X Trading Card Game" is a blockchain-based card game developed by the Guild of Guardians team. It combines strategic competitive and collection gameplay, where players can build powerful decks and battle with other players.
"Star Atlas" is a space exploration and economic simulation game built on blockchain technology. In this game, players can build their own space empire, explore the universe, trade rare resources, and fight and cooperate with other players.
"CryptoKitties" is a blockchain-based collectible digital cat game that pioneered the NFT craze. Players can buy, breed and trade cute digital cats, each of which is unique and has its own unique genes and characteristics.
The common feature of these games and applications is that they are all built on the Immutable X ecosystem, using blockchain technology and the characteristics of NFT to provide players with more gaming fun and economic opportunities. The success and market feedback of these projects prove the value and potential of Immutable X as an innovative blockchain solution.
According to a report by Delphi Digital, Immutable X received impressive Web3 financing in 2022. Immutable X and multi-chain games based on the platform received more than $3 billion in funding, successfully surpassing Solana and Polygon to become the second-layer Web3 game ecosystem with the most funding support. In 2022, Immutable X expanded from the original 5 games to more than 100 games.
The Immutable X marketplace allows users to trade their NFTs on the protocol, which helps developers and users benefit from a fully functional marketplace. The marketplace provides similar functionality to other first-layer marketplaces and allows users to view information such as transaction history. The Immutable X marketplace also integrates a shared liquidity system and a global order book, making it easier for developers of third-party marketplaces to conduct market transactions.
Immutable X is one of the first second-layer solutions to adopt zkrollups technology and has professional experience in the NFT field. The extensive use of the API abstraction layer makes Immutable X more convenient. Through API calls, users can create and trade NFTs without having to deal with smart contracts directly.
Overall, as Ethereum scaling solutions continue to emerge, Immutable X can support and facilitate the blockchain gaming and NFT markets. It is in a strong position at the technical level and has successfully won market attention and investment support.
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