ImmutableX is a layer-2 scaling solution for NFTs on Ethereum. It uses zk-rollups, a technology that allows for high throughput and low gas fees without compromising the security of the underlying blockchain. ImmutableX is designed specifically for NFTs, and it offers a number of features that make it ideal for this use case, including:
- Instant trade confirmation: Transactions on ImmutableX are confirmed instantly, which is essential for a smooth user experience.
- Near-zero gas fees: Gas fees are a major barrier to entry for many users, and ImmutableX eliminates this barrier by offering near-zero gas fees for minting and trading NFTs.
- Scalability: ImmutableX is designed to scale to meet the growing demand for NFTs. It can currently process up to 9,000 transactions per second, and this capacity is expected to increase in the future.
- Security: ImmutableX is built on Ethereum, which is one of the most secure blockchains in existence. The use of zk-rollups further enhances the security of ImmutableX by reducing the attack surface.
ImmutableX is already being used by a number of popular NFT projects, including Illuvium, Gods Unchained, and Guild of Guardians. It is also integrated with leading marketplaces like Rarible and OpenSea.
The ImmutableX team is committed to making NFTs more accessible and user-friendly. ImmutableX is a promising solution that has the potential to revolutionize the NFT space.
Here are some additional details about ImmutableX:
- The native token of ImmutableX is IMX. IMX can be used to pay for gas fees, participate in governance, and stake for rewards.
- ImmutableX is backed by a number of prominent investors, including Animoca Brands, CoinFund, and Dapper Labs.
- ImmutableX is open source, and the team is actively working to improve the platform.