What is Immutable?

Immutable is a blockchain technology company specializing in gaming and non-fungible tokens (NFTs). Founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, Immutable aims to revolutionize the gaming industry by providing scalable, secure, and user-friendly solutions for developers and players. Its flagship product, Immutable X, is a Layer-2 scaling solution for Ethereum that enhances NFT transactions with greater speed and lower costs. The native token, IMX, is used for transaction fees, staking, and governance.

How is Immutable useful?

Immutable solves critical issues in blockchain gaming, including high fees, scalability, and environmental concerns. Its Layer-2 solution, Immutable X, supports up to 9,000 transactions per second with zero gas fees, making it cost-efficient for developers and users. The platform is also carbon-neutral, offsetting its environmental impact. With tools like Immutable Passport, it simplifies onboarding, enabling seamless access to blockchain games and marketplaces.

How does Immutable work?

Immutable operates through its Layer-2 solution, Immutable X, which uses zero-knowledge rollups (zk-rollups) to bundle multiple transactions off-chain before submitting them to Ethereum as a single proof. This approach maintains Ethereum’s security while significantly increasing transaction speed and reducing costs. The IMX token plays a central role in the ecosystem, serving as the medium for transaction fees, staking rewards, and governance voting. Users can stake IMX to earn rewards, and a portion of protocol fees is converted into IMX, reinforcing its demand and utility.

Immutable milestones

• Launch of Blockchain Gaming Ecosystem: Developed Etherbots and Gods Unchained, pioneering blockchain-based gaming.

• NRG Esports Partnership: Partnered with NRG Esports to introduce NFT-based gaming collectibles.

• $100M Game Development Fund: Collaborated with GameStop to support NFT gaming projects.

• Major Funding Rounds: Secured $200M in Series C funding, valuing Immutable at $3.5B.

• Immutable zkEVM Launch: Introduced Ethereum-compatible zk-rollup for gaming scalability.

Immutable’s innovations in blockchain gaming and NFT technology have positioned it as a key player in Web3, offering scalable and user-friendly solutions for developers and gamers.

Buy Immutable (IMX) on BITmarkets.