Log in/ Sign up

Immutable X

IMX

  • Layer2
  • NFT
  • Infra
Established Year
2018
Headquarter
Australia
Operating Status
Active
Ecosystem
Ethereum
Parent Company
Immutable
Immutable X operates as the first-ever Layer 2 scaling solution for NFTs on the Ethereum blockchain. It utilizes zk rollup technology to address high gas fee and scalability issues when minting and trading NFTs.

Organisation

Financial Portfolio

Funding

Strategic
1 Investors
N/A

Investment

Eterlast
Eterlast
Seed
$4.5 M
MetaJuice
MetaJuice
Strategic
N/A

Recent News

Frequently Asked Questions

What Is Immutable (IMX)?

[Immutable](https://www.coinlive.com/coin/immutable-xico/) positions itself as the first [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) scaling solution for [NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) on [Ethereum](https://www.coinlive.com/coin/ethereum). According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK [zk-rollups](https://coinmarketcap.com/alexandria/glossary/zero-knowledge-rollups), a technology that Vitalik Buterin considers Ethereum to be “all-in on.” Thanks to this technology, users will be able to create and distribute assets like [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) and [ERC-721](https://coinmarketcap.com/alexandria/glossary/erc-721) tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.