Immutable X, the first layer two (L2) scaling solution for NFTs on Ethereum, is built to take advantage of Ethereum’s security and network implications so more people can access premium NFTs. It provides asset security without compromising the user, with instant trading, scalability, zero gas fees for minting and trading. Immutable X is described as the most technically advanced solution for enhanced NFT scaling ever created.
Immutable X (IMX) is an ETH scaling contract for minting and trading a free NFT coin implemented in collaboration with StarkWare. NFTs are only important for the security and recognizability of the network in which they are located. However, IMX token was created by taking advantage of Ethereum’s capabilities so that many more investors can access qualified NFTs. It enables NFTs to be traded in an open, decentralized ecosystem secured by Ethereum.
According to CoinGecko data, Immutable X (IMX) is 10% in the last 24 hours at the time of writing. It fell by 4 percent. Trading at $3.85, Immutable X has a 24-hour trading volume of $45,469,549. Its most active exchange is FTX.
What are the features of Immutable X?
Fast and Safe The Immutable X protocol can achieve high throughput.
Zero Gas Fees Ethereum’s high gas fees made it difficult to access NFTs. Immutable X NFTs are built on StarkWare’s zk-collection technology to allow instant printing and trading at zero gas fees.
Building in Hours Facilitates the use of Ethereum at mainstream scale so that users are not caught between experience and fundamentally best technology. Thus, users can create projects in hours, not days.
Immutable x also supports ERC-20 and ERC-721 tokens. It can process 9000 or more transactions per second and users can set their own transaction fees.