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Information about Immutable X (IMX)
Immutable X is the first Layer 2 scaling solution to support NFTs transactions on the Ethereum platform. The project is built on StarkWare’s advanced Zero-Knowledge Rollup (zk-rollup) technology that helps solve common transaction problems on Ethereum without compromising security or asset custody. With Layer 2, Immutable X gives users unlimited fast transactions, up to 9000+ transactions per second, with no gas fees. The experience during use is also much smoother, thanks to that.
CEO James Ferguson and Chairman Robbie Ferguson are the two founders of the Immutable X project. They are young people with many years of experience in technology and crypto platforms and have been on the Forbes 30 Under 30.
IMX is a native token of Immutable X’s ecosystem, operating on the Ethereum platform according to ERC20 standards and can be used for the following purposes:
News
The blockchain protocol Immutable has announced a new feature designed to enhance the Web3 gaming experience by enabling transactions directly within games. According to the recent announcement, the “Pre-Approved Transactions” feature aims to eliminate interruptions where players traditionally needed to approve transactions or use external wallets.
With this new feature, transaction signing and confirmations can now be fully integrated into the game’s interface, making item trading, marketplace purchases, and asset creation smoother and more seamless.
Immutable emphasized that Web3 games should offer the same uninterrupted, immersive experience as traditional games. This feature not only improves player experience but also helps Web3 game developers reduce technical barriers, allowing them to focus on creating engaging gameplay without the complexities of blockchain technology.
Currently, the feature supports only game-issued assets, but Immutable plans to expand support to include IMX, USDC, and ETH in the future.
Data from IntoTheBlock shows that the net flow of IMX held by large investors surged from 288,177 tokens to 16.02 million.
This indicates a net purchase of around 15.71 million IMX tokens in October’s fourth week.
According to PANews, the Web3 gaming development platform Immutable has announced that its registered users have surpassed 3 million.
This milestone comes after the launch of Immutable Passport in early 2024, with the number of registrations doubling in just the past two months.
According to IntoTheBlock, over the past seven days, IMX’s large holders’ netflow spiked by 3,709%.
Large holders, or whale addresses, hold over 0.1% of the asset’s circulating supply.
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