Immutable X

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@Immutable - SHORT THREAD 🧵 ➤$IMX is an #Ethereum #layer2 focused on #gaming and #NFTs. ➤Powered by @StarkWareLtd zero-knowledge rollups. ➤$200M just raised in Series C @ $2.5B val. Our one page overview👇🏻

#ImmutableX solution promises speeds of up to 9000 #TPS without any #gasfee in a non-custodial way, providing: ➤Customers with rapid trade confirmation ➤Vast #scalability ➤Zero gas fee for minting and trading #NFTs

Immutable, well known for its #blockchain-based game @GodsUnchained, was founded as a next-generation #protocol that offers a scalable #layer2 solution to the realm of #NFTs. The company has been founded in 2018 by the two Ferguson brothers, Robbie @0xferg & James

@immutable employs a #ZKRollup ➤It takes thousands of #offchain transactions ➤Generates proofs that these trades were all genuine (asset owners signed the trades) ➤Releases that proof on-chain, where it is confirmed by a smart contract

@immutable proof is based on validity. Validity-based proof ensures that your assets are never exchanged without your authorization, which is the same security method used by the #Ethereum mainchain. It guarantees that your goods are never stolen from you.

@Immutable has created an extremely easy approach for #NFT creators to build digital assets. As a developer, you may simply state that you want to mint "X" assets with "Y" scarcity, making the development process highly user-friendly.

@GuildOfGuardian, @illuviumio, @TokenTrove, @veve_official, and many more made already partnered with @Immutable!

Wondering about #GoG? Have you missed our analysis on @GuildOfGuardian? Don't worry, check it out on our report! twitter.com/daolectic/status/1491490647244640259

#Immutable & @Gamestop established a $100 million fund to encourage #NFT developers. As a result of @Microsoft recent acquisition of @Activision, Immutable's relationship with @Gamestop may be significantly larger than previously thought. $GME twitter.com/Immutable/status/1489209166010847232

According to @l2beatcom, @Immutable presently ranks 9th in #TVL when compared to other #Layer2 solutions, with $56 million. This is understandable given that the $IMX token only debuted a few months ago and staking incentives are not yet effective.

More recently, the company announced a massive raise in Series C funding, bringing the whole project valuation at $2.5 billion! twitter.com/Immutable/status/1500832924442128387

Check out more insights on our latest Medium post! LINK IN BIO👆🏻 #immutablex #layer2