The live price of Immutable is - per (IMX / USD) with a current market cap of $1.21B USD. 24-hour trading volume is - USD. IMX to USD price is updated in real-time. Immutable is -% in the last 24 hours with a circulating supply of 1.84B.
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Immutable X is a Layer 2 NFT scaling solution launched in 2018 by brothers James and Robbie Ferguson and Alex Connolly. The protocol is designed to improve the user's NFT trading experience by increasing transaction speed.
The Immutable X project is built and deployed on the Ethereum blockchain network, supporting the transfer and exchange of Ethereum-related assets in its environment. As a result, Immutable X has lower transaction costs and higher efficiency and scalability than most native NFT and digital asset platforms.
Immutable is the cryptocurrency game company behind Immutable X, which has attracted much attention after several successful fundraisings and the support of Hong Kong game developer Animoca. Subsequently, Immutable X spent several years in development and was launched in April 2021.
IMX is the native cryptocurrency of Immutable X and can be used for governance and interaction on the network. IMX can also be used to trade other Ethereum-based cryptocurrencies.
IMX’s ZK-rollup technology, STARK proof, was developed by Starkware, which combines hundreds of off-chain NFT trading pairs and generates a cryptographic proof of validity to ensure the validity of the transaction. In addition, IMX encapsulates this ZK-rollup scaling solution in a set of powerful REST APIs, allowing developers to easily build their NFT applications.
Traders can connect any Ethereum wallet with Immutable X using Link (the middle layer between Ethereum wallets and Immutable X), and once connected, NFTs can be traded on Immutable X’s marketplace. Similarly, their roadmap also includes the launch of integrated NFT trading with Opensea.
IMX is the native cryptocurrency of the Immutable X platform, used to pay protocol fees, earn passive income, and participate in the governance of the protocol.
Immutable X was created by Immutable, the company behind popular NFT projects like Gods Unchained and Guild of Guardians, which have partnered with StarkWare.
Immutable was founded by entrepreneurial brothers James Ferguson and Robbie Ferguson, who are among the Forbes 30 Under 30. The company has more than 100 team members from blockchain, FAANG, finance, fintech, and management consulting.
Immutable has raised $77.4 million from well-known investors such as Coinbase Ventures, Nirvana Capital, and Galaxy Digital. In addition, social media giant TikTok has partnered with Immutable X to launch their first creator-led series of NFTs.
IMX provides a total of 2 billion tokens. 51.74% of IMX tokens are allocated for ecosystem development, including user rewards, developer authorization, liquidity provision and marketing; the second largest share, 25%, is reserved for project development.
Private equity funds and public financing account for 14.26% and 5% of the tokens respectively. The remaining 4% is reserved for the foundation for ecosystem-related activities, such as providing liquidity for exchanges. Tokens allocated to private equity funds and public financing and foundation reserves have different release periods.
Immutable X is a layer-2 scaling solution that allows you to mint and trade NFTs securely, instantly, and without paying any gas fees on Ethereum. IMX is the native ERC-20 token of the Immutable X protocol.
IMX can be used to pay transaction fees on the Immutable X network and can also be used for platform governance. IMX token holders can stake IMX to vote on decisions that affect the platform. In addition, IMX holders can also stake in a number of other protocols to earn potential returns. IMX is also a tradable crypto token, and its price fluctuates due to open market trading.
The maximum supply of IMX tokens is capped at 2 billion. As of writing, its circulating supply is approximately 1,208,896,260.
Immutable X solves Ethereum's scalability problem by using a ZK-rollup technology called zk-stark.
Using this technology, Immutable X combines multiple NFT transactions off-chain. These bundled transactions are sent to the Ethereum mainchain in a single transaction, thus significantly reducing GAS fees.
Immutable X was co-founded in 2018 by brothers James Ferguson and Robbie Ferguson and Alex Connolly. All three of them are from Sydney, Australia, where Immutable X is headquartered. All three founders are active in the team, with James serving as CEO, Robbie as President, and Alex as COO.
Immutable X uses zero-knowledge proof (Zk-proof) technology in its network design. This technology is more efficient, and it is said that the Immutable X platform has become a scalable platform with lower transaction fees and faster transaction speeds.
Immutable X said that its main focus is Web3 integration. The network is designed to exchange assets in the metaverse and support users to access a variety of NFTs and other blockchain-based digital assets.
The Immutable to other currencies exchange rate?
