Immutable IMXPrice $ 0.611

Immutable X is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT minting and trading, built in partnership with StarkWare.

Immutable X is the first Layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, high transaction throughput (9,000+ TPS) and zero gas fees - without compromising user custody. On Immutable X, developers can build their own next-generation NFT marketplaces and experiences, with the leading underlying scaling technology from StarkWare, simple developer APIs and SDKs, an NFT-native wallet experience, and liquidity primitives to enhance NFT trading.

Key Highlights:

Fast & Secure 

• The Immutable X protocol can achieve high transaction throughputs (9,000+ TPS) - speeds unparalleled on Ethereum. The protocol is non-custodial, meaning you’ll have full control of your assets, secured by the Ethereum blockchain.

Zero Gas Fees

• Fluctuating and high gas prices have limited creators and buyers from developing and accessing the world’s best NFTs. Immutable X is developed on top of StarkWare’s bleeding edge zk-rollup technology to allow you to instantly mint and trade NFTs with zero gas fees.

Build Instantly 

• Immutable X makes Ethereum easy to use at a mainstream scale so that you don’t have to choose between user experience and the leading underlying technology. Immutable X’s APIs lower the barrier to entry for developers getting started on their blockchain journey so they can build projects on Ethereum instantly.

Token Utility

Transactions Fees

• 20% of the protocol fee on every Immutable X transaction must be paid in IMX (this includes all applications and marketplaces powered by the protocol). If you do not own IMX, Immutable will convert the fee by purchasing IMX on the open market under the hood, with no user friction.

Governance

• Active Immutable X community members are able to use their IMX to have an IMX-weighted vote on the future of Immutable X. Published proposals will relate to the future development and expansion of the token ecosystem.

Staking

• All IMX used to pay transaction fees is sent to a staking rewards pool. This pool will be proportionally distributed among users who are currently staking IMX — the more you stake, the more you’ll earn.