Get to know Immutable X in-depth: solutions, team, token, and gaming ecosystem.

Original Title: "A Deep Dive into Immutable X: Solutions, Teams, Tokens, and Gaming Ecosystem"

Original Author: Kadeem Clarke

Translated by: Deep Tide TechFlow

Despite the popularity of NFTs, the NFT industry has had to face many challenges, with the main challenges being the scalability issues and high gas fees caused by the rapid rise in popularity of NFTs.

Immutable X is an extension solution designed with second-layer technology, built on the Ethereum blockchain. The solution also provides instant transaction confirmation and ultra-low gas fees.

What is Immutable X?

Immutable, the developer behind the blockchain-based video game "Gods Unchained," has created Immutable X as the next-generation protocol, providing a scalable Layer 2 solution for the NFT industry.

Immutable X's Layer 2 zero-knowledge aggregation solution provides users with instant transaction confirmation and huge scalability in an unmanaged manner. It also has a speed of up to 9,000 transactions per second and does not charge gas fees. Immutable X focuses on the emerging GameFi field.

除了无 Gas 铸造外，它还努力通过集成信用卡支付的定制钱包用户体验来吸引主流游戏玩家。

Apart from gasless casting, it also strives to attract mainstream gamers by integrating customized wallet user experience with credit card payments.

For builders, Immutable X provides professional and simple APIs and SDKs to allow for faster release of new games.

Additionally, it also provides a global order book, which can immediately spread NFTs to every market in the blockchain network.

Immutable X: Team and Investors

James Ferguson is an entrepreneur who was selected for Forbes' 30 Under 30 list. He is the team leader of Immutable X.

Before founding Immutable X, he was responsible for overseeing the software development team at a $1 billion e-commerce company.

Several well-known cryptocurrency venture capital funds support Immutable X, including Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital, and Galaxy Digital.

Immutable X Token - $IMX

The native currency of the Immutable X ecosystem is an ERC20 Token called IMX, with a total supply of 2 billion. By helping the cluster grow and develop, users can earn IMX by developing applications and trading NFTs.

This coin can be used to reward users and pay transaction fees. People can put their assets into the staking pool to receive generous staking rewards. Token owners can also vote and influence decisions that affect the development of the native community. The number of tokens held determines the voting power, which increases with the increase in the number of tokens.

This team provides incentives for traders, creators, and the market to participate in the three core functions of IMX Token:

Fee: IMX pays 20% of the blockchain protocol fee. This can be done directly or through automatic currency exchange. This means that users can interact with the platform without holding IMX.

Pledge: If a user holds IMX on L1 or L2, participates in recent governance voting, and holds Immutable X NFT or has recently completed a transaction, they are classified as a pledger.

Governance: IMX holders can vote on governance proposals, including how to allocate Token reserves, developer grants, whether to activate daily rewards, and changes to Token supply.

Immutable X Ecosystem

Some of the games included in the Immutable X ecosystem are:

Gods Unchained

More than 450,000 players have registered for the strategy card game Gods Unchained. Developed by the former game director of the popular magic card game, it has a unique appeal due to its fantasy background and the requirement for players to combine various strategies to build their decks. The GODS token powers God's Unchained.

Guild of Guardians

In the action role-playing game Guild of Guardians (GOG), players gather a group of heroes to conquer dungeon quests and win prizes. Over 300,000 players have already joined the game, and NFTs worth over $24 million have been sold. In addition, it has partnered with top game development companies such as Ubisoft and Sandbox. Guild of Guardians is expected to debut in 2023.

Illuvium

The open-world role-playing adventure game Illuvium (ILV) combines game earning with traditional components to create a AAA-level work. The game is set in a fantasy world where Illuvials play important roles. Illuvium is one of the most promising projects in the ecosystem, combining action games with classic RPG collection games.

Planet Quest

Planet Quest is a science fiction exploration game where players must search for a unique element called Quantum. It is obtained by completing adventures and challenges and can be used for trading and purchasing assets within the game. Planet Quest features both cooperative and competitive game modes.

Undead Blocks

Wagyu Games has developed a high-quality multiplayer first-person shooter game called Undead Blocks. Players can improve their character level and acquire in-game assets by selecting various weapon NFTs and killing zombies. This game will be available to play on Mac, PC, and mobile devices.

Immutable X game received over $900 million in Web3 funding in 2022.

According to the report by Delphi Digital, Immutable X Games received the most significant Web3 financing in 2022. Immutable X Games and multi-chain games based on Immutable X have raised approximately $300 million and over $600 million in funding.

Immutable X has surpassed Solana and Polygon in terms of investment, becoming the second-layer Web3 gaming ecosystem with the most funding support in 2022. In this year, Immutable X has expanded from 5 games to over 100 games.

Immutable X Market

Users can use the Immutable X marketplace to trade their NFTs on the Immutable X protocol. It ensures that both developers and users have a marketplace, making it easier for new content creators to get started. If developers are unable to build their own marketplace platform, they can use the Immutable X marketplace.

Like most other primary markets, this market allows users to check previous transactions and their transaction history.

The integrated shared liquidity system and global order book allow developers of third-party markets to avoid anxiety about changes in trading volume on these markets.

All orders in one market will be completed in another market, thereby slowing down the best price discovery and effective and efficient guidance of digital assets.

What makes Immutable X stand out?

As mentioned earlier, Immutable X is one of the first second-layer solutions to use zkrollups, focusing solely on NFTs. Zkrollups are becoming increasingly critical as an expansion solution.

API abstraction layer significantly popularized Immutable X

It allows users to connect their wallets without switching networks.

REST API is used to simplify interactions with blockchain. Through API calls, users can create and trade NFTs without directly dealing with smart contracts.

To create P2E games and other NFT products, developers can integrate ImmutableX's SDK, API, and wallet.

Immutable X's global order book 

This allows users to trade NFTs on any ecosystem that provides third-party NFT markets using their tools.

This indicates that orders in a market can be quickly completed in another market, increasing the quantity and liquidity of NFTs.

Immutable X supports all Ethereum wallets

This allows traders to buy and sell NFTs across multiple NFT-supporting wallets without having to switch assets between networks.

In order to improve the wallet experience specific to NFTs, the protocol provides an intermediate layer called "Links". Users can experience secure transactions and NFT minting without any security risks.

Extension Solutions

High scalability can quickly and efficiently process large volumes of transactions with high economic efficiency.

Immutable X provides a faster and more affordable solution for NFT users.

Summary

Immutable X has defined its own market. With the emergence of Ethereum's scaling solutions, the growing GameFi market in the blockchain industry is expected to receive more attention. Immutable X is in a strong position technically by leveraging StarkWare.

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