Introduction
Immutable X is a layer-2 scaling network built on top of Ethereum, designed to address the high gas fees and slow transactions that have historically plagued the Ethereum mainnet. By leveraging StarkWare’s ZK rollup technology, Immutable X enables fast and cost-effective transactions for blockchain games and NFT creators.
What is Immutable X?
Immutable X is a gaming-focused protocol that operates as a layer-2 scaling network on top of the Ethereum mainnet. It offers additional benefits such as zero gas fees and high transaction throughput, thanks to its use of ZK rollup technology.
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Who created Immutable X?
Immutable is the Web3 firm behind the development of Immutable X. The company has raised significant funding from investors like Tencent, GameStop Digital Ventures, and King River Capital. It has also developed popular blockchain games like Gods Unchained and Guild of Guardians.
How does Immutable X work?
Immutable X supports all Ethereum wallets and provides an Immutable Passport for gamers to transact on the network. By sitting on top of the Ethereum mainnet and utilizing ZK rollups, Immutable X combines decentralization and security with fast and cost-effective transactions. The protocol also offers REST APIs for streamlined interactions.
Who’s using Immutable X?
A variety of NFT marketplaces and game developers have chosen to build on Immutable X, including Rarible, Mintable, NFTrade, TokenTrove, OKX, Kinguin, IMVU, Guild of Guardians, Habbo, Cross the Ages, Undead Blocks, Ember Sword, Planet Quest, Gods Unchained, WAGMI Defense, and Tiny Colony. However, it faces competition from other blockchains like Polygon and Avalanche in the Web3 gaming space.
What is Immutable zkEVM?
Immutable is developing the Immutable zkEVM scaling network in collaboration with Polygon. This network combines Polygon zkEVM technology with Immutable’s gaming platform, providing native compatibility with Ethereum Virtual Machine smart contracts and making it easier for developers to port over from EVM chains.
Hot Take: The Rise of Immutable X
Immutable X has emerged as a promising solution for blockchain games and NFT creators, offering fast and cost-effective transactions on top of the Ethereum mainnet. With a growing list of partners and an expanding ecosystem, including the development of Immutable zkEVM, Immutable X is poised to continue its rise in the Web3 gaming industry.
