Immutable X (IMX) News

Immutable X is a layer-2 network that makes the non-fungible tokens (NFTs) market more accessible and sustainable for the environment. The platform is accessible due to the absence of gas fees, while its environmental sustainability is through carbon-neutral minting. The ecosystem is unique because it allows users to mint an unlimited number of non-fungible tokens without the usual problems blockchains have with network congestion.

Immutable X is heavily focused on creating an open and decentralized economy for NFTs, establishing a space where collectors, gamers, and all creators can benefit from high blockchain efficiency. Its method of offering zero gas fees makes Immutable X an attractive platform, as it directly solves one of the biggest hindrances to the widespread adoption of blockchain technology. Since the expensive transaction charges are not a problem on Immutable X, up-and-coming creators can compete favorably.

The Immutable X platform is powered by IMX $0.43 24h volatility: 1.6% Market cap: $762.96 M Vol. 24h: $26.80 M , its native token. In addition to powering transactions in the ecosystem, IMX is also used as a way for users to earn rewards while participating in governance decisions. Holders can vote on platform upgrades and changes and contribute to resource allocation in the ecosystem. This creates a democratic and community-driven ecosystem where everyone has a say in planning the platform’s future.

Several major NFT projects looking for easy ways to scale their offerings without compromising security and decentralization are being onboarded on Immutable X. As these projects continue migrating to Immutable X, demand for the features of the platform and its native IMX token will continue to spike.