If you have been involved in the blockchain space for a while, you are likely familiar with the persistent scalability challenges associated with Ethereum. Now, as the appeal of Web3 games continues to rise, there exists a considerable void waiting to be filled by a solution to address this limitation. This is where Immutable X steps in.
What is Immutable X?
At its core, Immutable X stands as a layer-2 scaling solution, a meticulously crafted gaming platform designed to empower game studios and independent developers. Their primary objective is to facilitate the creation and launch of successful games on the Ethereum blockchain.
What sets Immutable X apart is its pre-built solutions optimized for usability, enabling developers to expedite their journey to market without compromising on security or player experience. Another pivotal factor contributing to its success is the fee-free structure, particularly advantageous for blockchain games.
IMX Token and Utility
Immutable X is a platform that relies on its native utility and governance token ($IMX) to fuel its growth. It is an ERC-20 token with a total supply of 2 billion $IMX, with the supply allocated to various areas to support the growth of the platform. This includes:
- Ecosystem development ~ 52%
- Project development – 25%
- Private Sale ~ 14%
- Public Sale – 5%
- Foundation Reserve – 4%
To conclude, Immutable X has been taking firm steps to grow in the Web3 space. The company’s partnerships with key venture firms, coupled with collaborations with Web2 and Web3 industry leaders, underscore Immutable X’s growing influence and potential. These partnerships not only validate the platform’s credibility but also position it as a key player in the future of blockchain-based gaming.