Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), zero gas fees — without compromising user custody. The protocol is built on top of StarkWare’s proving technology, which allows users to retain access to Ethereum’s ecosystem and network effects.
IMX is an ERC-20 utility token for the Immutable X protocol that is designed to drive the adoption of NFTs and help creators, players and developers reimagine value in a digital ecosystem. It will be used for:
Staking to earn rewards.
Pay transaction fees.
Voting for proposals.
Immutable X offers:
Gas-free and instant trades
Self-custody for NFTs.
A true Layer-2 secured by Ethereum.
NFTs that are carbon neutral.
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