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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
Treeverse is an Ethereum-based RPG set to launch its first rewards season starting April 19, 2025, as part of its strategy to extend its player engagement after its recent multi-platform release.
This rewards season includes a 30-day campaign that will distribute 2.76% of the upcoming END token supply, in addition to distributing IMX and MON tokens to incentivize player participation.
Players must own at least one NFT, with starting prices around 5 USD, to qualify for rewards earned through daily quests and skill achievements. The END token will be launched at least one month after this season.
After the SEC ended its investigation into IMX, Immutable’s co-founder Robbie Ferguson announced significant achievements including over 500 games in development and strong partnerships with major firms like Tencent and Temasek, highlighting institutional backing for Web3 gaming. Additionally, Treeverse Season 1 is set for launch on April 19, providing various NFT rewards.
The crypto market has witnessed a dramatic fall in gaming tokens, leaving The Sandbox (SAND) and Gala Games (GALA) among the notable losses, with no gaming tokens present in the current top 100 cryptocurrencies by market cap.
April 11 marked the start of a 10-day free trial for Eve Frontier, an Ethereum-based MMO from CCP Games, allowing players to enjoy gameplay and explore the universe without financial commitment.
Immutable is merging its original Immutable X network with the zkEVM layer-2 blockchain, aiming for a unified gaming ecosystem in late 2025 after significant growth in recent transactions.
IMX’s price drop follows a surge in supply, indicating negative investor sentiment. Currently, IMX totals 165 million tokens with a market cap near 13 million USD. With increased selling pressure, maintaining a price above 0.400 USD is crucial to avoid an all-time low.
Currently, active addresses reflect investor skepticism about IMX’s future. A reclaim of 0.508 USD could initiate a recovery toward 0.684 USD, but a break below 0.400 USD may lead to further declines, potentially reaching new lows.
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