Immutable X Research Hub | IMX information, history and analysis
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:
- Vote for development activities as well as project changes
- Donate to users who contribute to the project
- Pay transaction fees
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.
The U.S. SEC has dropped its inquiries into Immutable regarding IMX token sales, dismissing concerns of securities law violations. This decision signals a trend of regulatory easing under Acting Chair Mark Uyeda, allowing Immutable to focus on advancing digital ownership for gamers.
Following the SEC announcement, the price of IMX increased by 15%, stabilizing between 0.69 USD and 0.715 USD. The closure of this investigation may indicate an improving regulatory environment for the crypto sector, encouraging investments and innovation in Web3 and decentralized finance.
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.
According to Odaily, Immutable recently announced a partnership with Marblex, the blockchain gaming division of South Korean mobile gaming giant Netmarble.
The collaboration aims to migrate Marblex’s ecosystem and its games from the Klaytn blockchain to Immutable’s zkEVM.
Immutable Games’s flagship title, the mobile-based fantasy RPG “Guild of Guardians,” is finally launching worldwide on both Apple and Android devices, the developer announced.
To celebrate the launch and spur engagement, Immutable Games is also offering up to $1 million worth of prizes in the game’s GOG token
OKX and Immutable, the leading Web3 gaming platform announced a new strategic partnership, which includes the introduction of a GameFi NFT launchpad and integration of Immutable’s gaming-focused zkEVM chain into OKX Marketplace and OKX Wallet.
This partnership is set to transform how more than 50 million users engage with and access NFTs and digital assets within the gaming space.
