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View ChartImmutable X (IMX) positions itself as a Layer 2 scaling solution for non-fungible tokens on the Ethereum blockchain. The project aims to address Ethereum's limitations, including scalability constraints, poor user and developer experience, and liquidity issues.
To achieve this, Immutable X utilizes a technology called StarkEx ZK-rollup, which has been recognized by Vitalik Buterin, the co-founder of Ethereum. Its goal is to create a zero gas fee user experience for NFT transactions while maintaining security. The project promotes itself as an "infinite Exchange Protocol" with the scalability of 9,000 transactions per second (TPS).
Immutable X was founded by James Ferguson and his brother, Robert Ferguson. James Ferguson is an entrepreneur recognized in Forbes' under-30 list. He previously worked as a software developer at Shopify, an e-commerce company. He is also a researcher and entrepreneur associated with Peter Thiel.
The team consists of more than 100 members from diverse backgrounds, including people from FAANG companies, traditional finance, financial technology, and management consulting. In the seed round in 2018 and the Series A financing in September 2019, IMX raised a total of $15 million. This includes investments from cryptocurrency and blockchain investors such as Coinbase, Sapers, Nirvana Capital, Apex Capital Partners, Continue Capital, and Mike Novogratz's Galaxy Digital.
The high gas costs, unsatisfactory user experience, and scalability problems related to minting and trading NFTs on the Ethereum network are all addressed by Immutable X.
Because of its crowded network and high transaction costs, especially for NFTs, Ethereum's Layer 1 frequently fails to create an ideal environment.
By providing a Layer 2 scaling solution tailored for NFTs, Immutable X overcomes these obstacles and guarantees that artists, gamers, and collectors can mint, purchase, and sell NFTs without incurring gas fees, all while retaining the security guarantees of Ethereum's foundation layer.
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Trade| Feature | Immutable (IMX) | Gala Games (GALA) | BEAM (BEAM) |
|---|---|---|---|
| Core Tech | StarkEx ZK-Rollup & Polygon zkEVM | GalaChain (Proprietary L1) | Avalanche Subnet |
| Gas Mechanism | Gasless for players (Sponsored) / IMX | Gas paid in GALA tokens | Gas paid in BEAM tokens |
| Ecosystem Focus | AAA Gaming L2 Infrastructure & Passport | Decentralized game ecosystem | Cross-chain Gaming DAO & Publishing |
| Wallet UX | Passport (Seedless Social Login) | Traditional Web3 Wallets / Platform Account | BEAM Companion Wallet Integration |
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