Immutable X (IMX): A Layer-2 Scaling Solution For NFTs

Immutable X ($IMX) is the native utility Ethereum-based token of the Immutable X platform, which is a layer-2 scaling solution for NFTs (Non-Fungible Tokens).

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About the platform

Immutable X platform is designed to facilitate fast and gas-free trading of NFTs on the Ethereum network.

It uses ZK-Rollups, a type of Layer-2 solution, to aggregate multiple transactions into a single proof. This significantly reduces the load on the Ethereum mainnet, making it more scalable for $NFT transactions.

With Immutable X, users can trade NFTs on the platform without paying gas fees. The gas fees are paid in $IMX tokens and are subsidized by the platform's ecosystem.

By using ZK-Rollups, Immutable X achieves faster transaction times compared to traditional Ethereum transactions. Users can experience near-instant settlement times for $NFT trades.

While Immutable X operates as a Layer-2 solution, it still leverages the security of the Ethereum mainnet through the use of Zero-Knowledge proofs. This ensures the integrity of $NFT transactions.

Moreover, NFTs minted on Immutable X are still ERC-721 compliant, which means they remain compatible with other Ethereum-based platforms and wallets.