Immutable X

Immutable X

Immutable X is a layer-two scaling solution for the Ethereum blockchain that focuses exclusively on non-fungible tokens (NFTs). It aims to address the scalability and high transaction fees associated with Ethereum, making it more efficient and cost-effective for NFT-based applications and games.

Here are some key points about Immutable X as a layer-two scaling solution for Ethereum focused on NFTs:

  1. Overview of Immutable X: Immutable X is a layer-two scaling solution within the Immutable ecosystem designed for Ethereum. It was launched in 2018 with a primary focus on NFT minting and Web3 gaming.
  2. Zero-Knowledge Rollup (ZK-rollup) technology: Immutable X utilizes Zero-Knowledge Rollup (ZK-rollup) technology, powered by StarkWare. This technology combines multiple transactions into a single zero-knowledge proof, which is then securely moved as a single unit onto the Ethereum blockchain. This process ensures near-instant confirmation and minimal gas fees.
  3. Gas-free NFT minting: One of the standout features of Immutable X is its gas-free NFT minting. By leveraging ZK-rollup technology, users can mint NFTs without incurring any gas fees, making it more cost-effective for creators and collectors.
  4. Seamless integration with gaming: Immutable X aims to democratize Web3 game development by providing a gateway for gamers to navigate the complexities of blockchain technology. It offers seamless integration into the mainstream gaming landscape, allowing for cost-efficient and scalable gaming experiences.
  5. REST APIs and SDKs: Immutable X provides developers with powerful tools such as REST APIs and software development kits (SDKs). These tools streamline complex blockchain interactions and enable efficient integration into various platforms, including gaming applications and decentralized ecosystems.
  6. Immutable zkEVM: Immutable X also offers another layer-2 solution called Immutable zkEVM, which incorporates Ethereum’s Virtual Machine (EVM) functionality. This allows developers to launch smart contracts on Ethereum’s layer-1 chain and subsequently register them on Immutable X, promoting interoperability within the Ethereum ecosystem.
  7. Carbon-neutral approach: Immutable X is committed to sustainability and actively counters the carbon footprint associated with minting and trading NFTs. It reduces gas usage per NFT trade or mint and offsets the carbon footprint of all NFT transactions on its platform by purchasing carbon credits.
  8. Benefits of using Immutable X: Immutable X offers several benefits for NFT enthusiasts, including instant trade execution, zero gas fees, high transaction throughput (up to 9,000 transactions per second), and integration with the broader Ethereum network. It prioritizes security, scalability, and cost-effectiveness, providing a seamless and accessible trading experience.



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apex capital partners
coinbase ventures 1
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declaration partners
fabric ventures
galaxy digital
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nirvana capital e1692628532364
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sora ventures
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Round: Strategic
Date: December, 2023

Funding round investors:

Amount raised: $200,000,000
Date: March, 2023
Round: Series B
Amount raised: $60,000,000
Date: September, 2021
Round: Series A
Amount raised: $15,000,000
Date: September, 2019
Round: Seed
Amount raised: $2,400,000
Date: July, 2018