Blog

Optimized game-specific ZK-rollup

In response, users often offer higher fees to incentivize validators to prioritize processing their transactions. The network earns through a 2% fee on all primary asset sales and a 2% fee on every NFT trade, denominated in the purchase currency. Furthermore, marketplaces can add their own fees to every NFT order since Immutable X offers a shared order book accessible to all marketplaces. This scaling technology allows assets to be minted on the second layer without compromising the security of the first layer.

How was Immutable developed?

Finally, the Immutable X marketplace, built and maintained by the project team, allows users to mint and trade NFTs with zero gas fees. All trading activity is carbon neutral thanks to climate-conscious partnerships and carbon offsets. Immutable zkEVM inherits Ethereum’s robust security measures, ensuring that player assets and transactions remain safe and tamper-proof with low-costs in gas fees (paid using the IMX token). Immutable represents a significant advancement in the blockchain and NFT landscape, offering a scalable, secure, and user-friendly platform for the Ethereum ecosystem. Through its innovative use of ZK rollup technology and a suite of development tools, Immutable addresses the limitations of Ethereum, providing an efficient environment for NFT transactions and game development. As the platform continues to evolve, it is poised to play a pivotal role in the broader adoption and growth of NFTs and blockchain gaming.

Gods Unchained – The Digital Card Game

Unlike many other scaling solutions, Immutable X relies on STARK proofs directly on the Ethereum mainnet. All $IMX owners hold the right to vote on token-related proposals, including allocating token reserves, awarding developer grants, activating daily rewards, and changes in token supply. Following the typically decentralized governance structure, individual voting power is determined by the number of coins a user holds. This allocation is used to fund programs like trading and staking rewards and numerous grant programs designed to attract more developers to build on the platform. However, while Immutable X could claim zero gas fees, using the Immutable zkEVM generates small gas fees to use Ethereum smart contracts—albeit ones that are almost negligible compared to the Ethereum main chain.

Immutable X

Web3 is reshaping the gaming landscape, but myths and misconceptions are still prevalent. It’s time to separate fact from fiction and uncover what’s really happening in the world of web3 gaming. If you would like to know where to buy Immutable at the current rate, the top cryptocurrency exchanges for trading in Immutable stock are currently Binance, Bybit, BYDFi, OKX, and DigiFinex. Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

Global Prices

1. Thriving as a Layer 2 scaling solution for NFT collections running on Ethereum, Immutable X is a complete goodie bag for NFT lovers.
2. The idea is to lower the barrier to entry for content creators and developers, who can still participate in the ecosystem regardless of skill level.
3. This feature not only benefits the environment but also appeals to users who are environmentally conscious.
4. The current CoinMarketCap ranking is #44, with a live market cap of $2,323,314,415 USD.

The FBI was first known to have operated a child porn site in 2012, when agents seized control of three sites from their operator in Nebraska. FBI Special Agent Jeff Tarpinian testified that the government “relocated two servers to an FBI facility here in Omaha and we continued to let those child pornography run – websites operate for a short period of time.” And prosecutors said that some of the images users accessed during the time Playpen was under the government’s control included “prepubescent female” having sexual intercourse with adults. Federal agents first noticed Playpen not long after it went online in August, 2014. The Ferguson brothers are known for creating the blockchain-based card game Gods Unchained in 2018. Unite with like-minded players, ignite your passion, and make your mark on the future of Web3 gaming.

The Role of Blockchain Council’s AI Certifications

The project provides a greater rate of investment return in comparison to some of the top-tier crypto coins in the market. IMX is a good option for traders considering the recent hype in the NFT sector. Immutable X is powered by StarkWare’s revolutionary zero-knowledge-proof technology called Starkey. The platform provides game developers and all NFT creators with unmatched throughput at zero gas rates for trading and mining NFTs in a carbon-neutral environment.

Immutable X is a leading Layer 2 (L2) scaling solution for NFTs on the Ethereum blockchain. It enables instant trades, high scalability, and zero gas fees for users—and it achieves these benefits without sacrificing security. Designed to support a wide range of applications including games, marketplaces, and digital assets, Immutable X offers developers and users an efficient and environmentally friendly platform for trading and minting NFTs.

This proactive measure is designed to shield users from potential fraud and theft, assuring them of a secure NFT trading environment. With zkrollups becoming more important as a scaling solution, the platform is at the forefront of developing the popular Ethereum ecosystem. As of the most recent data, the price of IMX is $1.38 USD with a 24-hour trading volume of $140,506,554 USD.

IMX is the native token of Immutable X. It’s an ERC-20 utility and governance token with a 2 billion total supply. IMX is used to pay for transaction fees and incentivize users and developers on Immutable X. They can earn IMX tokens by contributing to the platform’s growth, such as trading NFTs and building applications. Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.

Each day, Immutable pays out 100,000 IMX to traders across all NFT marketplaces integrated with the IMX global shared orderbook. The program rewards users with IMX tokens every time they trade eligible collections on the IMX marketplace and all marketplaces integrated with the ImmutableX shared global orderbook. For example, minting 8 million NFT trading cards for the play-to-earn game Gods Unchained would consume approximately 490 million kWh on Ethereum. With ZK-Rollup compressing the data required for minting, Immutable X only used 1,030 kWh to mint the same amount of NFTs, which is 475,000 times less energy consumption. Immutable X is a layer-2 scaling solution for non-fungible tokens (NFTs) on Ethereum.

In Web3 games specifically, utility tokens are often used to purchase in-game assets and access game features. Some utility tokens, like $IMX, may also serve as governance tokens, allowing holders to vote on key decisions surrounding the game or protocol’s future. Immutable X attempts to bridge several gaps in the crypto industry by leveraging layer 2 Ethereum-based technology. The project aims to cater https://cryptolisting.org/ to users of all experience levels but focuses primarily on entry-level crypto users while building a platform for NFT businesses to grow. Besides having a chain for NFT projects, Immutable X also has a marketplace that solves the user experience problem. The idea is to lower the barrier to entry for content creators and developers, who can still participate in the ecosystem regardless of skill level.

By automating numerous processes, Immutable X minimizes the risk of human error. This not only enhances efficiency but also contributes to the platform’s security by reducing the likelihood of vulnerabilities arising from manual interventions. It is said that Immutable X is likely to become the standard NFT Blockchain in the future if it can achieve the promised transaction speed of about 9000 TPS. Adding to this impressive growth, in July 2022,, Immutable X secured a substantial $200 million funding injection from Temasek. This substantial investment is set to propel their expansion efforts even further, solidifying their position in the market. This outcome is not conducive to the Ethereum network being able to support a wide range of applications at massive scale.

The total supply of IMX is 2 billion, however, there are only 685 million coins currently in circulation. We also provide the infrastructure for countless new NFT projects like Highrise Creature Club, Moody Krows, and Habbo NFT. ImmutableX solves numerous issues around Ethereum scalability and gaming as a how do you calculate rent revenue whole. Immutable X has several games currently being developed on its infrastructure. To pour fuel on the fire, ImmutableX raised a $60 million Series B funding round at a valuation of $410 million in September 2021. This was followed shortly after by a $200 million Series C at a $2.5 billion valuation.

ZK-rollups are a specific type of L2 solution that bundle (or “roll up”) hundreds of off-chain transactions into a single transaction. They use zero-knowledge proofs to maintain data integrity and security without storing all transaction data on the main blockchain, which allows for increased scalability and reduced gas fees. Compared to other L2 solutions like optimistic rollups, ZK-rollups offer faster finality and do not require a challenge period for transactions, leading to quicker processing of NFT transactions on the Ethereum network. More importantly, Immutable delivers seamless gaming experiences and true digital ownership to players across the globe. By tokenizing all in-game assets as fully-carbon neutral NFTs, players can buy, sell, and trade their assets gas-free on the Immutable marketplace, earning real-world value from their in-game performance.

Users can easily create and send NFTs via API calls without interacting with smart contracts directly. With Immutable X’s Simple Software Development Kit (SDK), developers can easily integrate  APIs and wallets into their platform. As NFTs strived to open new opportunities and a never-experienced trading experience for users, they became immensely popular amongst Millennials.

At the end of each staking cycle, all eligible users may opt to re-stake their coins to compound their rewards. ImmutableX has some of the largest names in web3 gaming building onIMX, including titles such as Gods Unew NFT projectsnchained, Guild of Guardians, Illuvium and Immortal Game. Instead, they can explore the game’s landscape and economy and engage in a cashless combat system to level up their capabilities. It is being developed by Bright Star Studios, an independent games development studio.