Immutable X (IMX) - The Premier Layer Two (L2) Scaling Solution for Ethereum-Based Non-Fungible Tokens (NFTs)

Immutable is the premier layer two (L2) scaling solution for Ethereum-based non-fungible tokens (NFTs), offering instant trading, vast scalability, and no gas fees for minting or trading NFTs.

Immutable is the premier layer two (L2) scaling solution for Ethereum-based non-fungible tokens (NFTs), offering instant trading, vast scalability, and no gas fees for minting or trading NFTs. It maintains high standards of security for users and assets. Developed using StarkWare’s advanced STARK prover and rollup technology, Immutable X stands out as a highly sophisticated NFT scaling solution. The platform’s native ERC20 utility token, IMX, is earned by users through activities that benefit the network, like trading. This token can also be used for paying fees, governance, or staking within the Immutable X ecosystem.

Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. The company is headquartered in Sydney, Australia, with a team of over 100 employees. Immutable X has raised a total of $322 million in funding over four rounds. The latest round, a Series C, was announced on June 15, 2022 and valued the company at $2.5 billion.

Immutable X is integrated with some of the largest NFT marketplaces, including OpenSea, Rarible, and Nifty Gateway. The platform also has partnerships with several major game studios, such as Ubisoft and GameStop, to enable the creation and trading of NFTs within their games.

Here's a step-by-step guide on how to use Immutable X:

1. Create an account on the Immutable X website.

2. Deposit ETH or IMX tokens into your account.

3. Start trading NFTs on Immutable X-integrated marketplaces like OpenSea or Rarible.

4. Withdraw your NFTs or earnings to your own wallet at any time.

Immutable X is designed to be user-friendly and accessible, even for beginners. The platform offers a range of resources, including a help center and community forum, to assist users with any questions or issues they may encounter.

Costs

There are no gas fees for minting or trading NFTs on Immutable X. However, users may incur small fees when depositing or withdrawing ETH or IMX tokens from their account. These fees vary depending on the network congestion at the time of the transaction.

Disclaimer

This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.

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A few words about project

Immutable believes that NFT users and developers should not have to compromise between Ethereum’s security and network effects, and delivering a top-tier experience for their users. Immutable X provides a state-of-the-art protocol for NFTs, enabling projects to enhance their development on Ethereum’s Layer 2 with an excellent experience for both developers and users. This is made possible through several key features:

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