Amidst the NFT Bubble of 2021 up until now, an underlying issue has remained steady: gas fees. Immutable X – a layer 2 protocol built for gaming and NFTs – has raised the standards. This project was actually a fusion between two companies and their teams at Starkware (a scaling solution) and Immutable (a game developer). This remarkable blend of expertize is what gives this project an edge over several competitions.
Created in April 2021, Immutable X offers free peer-to-peer trading as well as zero gas costs for bulk NFT designing or minting. Using Ethereum’s mainnet security to lock in NFTs, this creates an extra safety mechanism for NFT users while also benefiting from Ethereum’s network effect. This means it shares in a global order book (run by smart contracts) and liquidity protocol. Through this cross-chain technology, supply and demand is always constant.
Immutable X hosts its own ecosystem designed for the creation and development of dApps, specifically games and marketplaces. It’s own marketplace where it prides itself with a low entry barrier for traders, creators, and developers, equipping them with any tool they may need in creating, building or simply using Web3.0 technologies.
Large scalability allowing up to 9 thousand transactions per second is another of the many valuable attributes Immutable X offers. It also allows minting and access of various digital assets, not just NFTs, as it looks to the future of the digital age upon us. ZK rollups are prevalent in the background of this layer 2 project too, with its own StarkEx backed by Ethereum as one of the core movers in Eth’s scaling strategy to bring NFTs and decentralized gaming to larger audiences around the world.
