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Established in 2018, Immutable is a Web3 development platform designed to empower the crypto gaming industry. With its main products, Immutable X and Immutable zkEVM, it strives to provide a cost-effective, user-friendly environment for blockchain games, offering low transaction fees, high-speed performance for users, and a simplified development framework for creators.

Powering web3 gaming with blockchain

Immutable is a Sydney-based web3 gaming platform that uses blockchain and crypto to enhance the gaming experience for digital players.

In 2018, brothers James and Robbie Ferguson and Alex Connolly invented an innovation that quickly established Immutable as a top-performing infrastructure in the Web3 gaming industry. Their technology supports popular projects such as Illuvium, Gods Unchained, Metalcore, Shardbound, Wagmi, Kiraverse, Blocklords, PlanetQuest, and many others.

Immutable is a crucial platform for web3 games, offering tools that help developers and gaming companies overcome technical barriers holding back blockchain technology. They also facilitate the transition of game ownership into the realm of cryptocurrency.

Backed by influential VC funds and pioneering investors such as Bitkraft Ventures, King River Capital, AirTree, Temasek, Coinbase, and others, Immutable provides a web3 platform that offers two layer-2 solutions focusing on decentralization and privacy. This platform is also equipped with essential APIs for operators wishing to develop their crypto games using proprietary tools.

Additionally, developers can use various handy guides to create decentralized apps, access live community support, and tap into the expansive gaming ecosystem of Immutable. Immutable’s networks are built with user-friendliness, letting developers release their games quickly without sacrificing security or gameplay.

Immutable X and ZkEVM use the Ethereum blockchain for solid security but with a more straightforward design. This allows users to enjoy extremely low costs and quick action times.

This addresses Ethereum’s biggest challenge of being too bulky and inefficient for hosting blockchain-based games. It enables affordable, high-speed NFT trading and in-game transactions. Immutable enjoys the “network effects” of Ethereum, a popular platform home to successful decentralized apps and a hotspot for promising new Web3 products.

Blockchain gaming leader Animoca Brands values the company at an impressive 3.5 billion dollars. This makes it one of Australia’s most valuable privately-held tech businesses.

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Elevating gaming with layer-2 blockchain

Opting for Ethereum’s layer-2 blockchains, Immutable harnesses both Immutable X and ZkEVM. These are used strategically to develop top-tier crypto games. The major benefits include robust security and high performance, but more importantly, a superior gaming experience.

In 2018, the creators of Gods Unchained launched their game, only to be confronted with high gas charges for minting their NFT collection. Their solution is the layer-2 technology. Then, in late 2021, Immutable’s leaders teamed up with Starkware (the same company behind Starknet) to create the Immutable X scaling network.

In March 2023, with the help of Polygon, Immutable launched another network called Immutable ZkEVM. This network leverages “zero-knowledge proofs” to make it quicker and safer to develop and launch Web3 games.

The second network, Immutable zkEVM, stands out with its unique features. It supports dynamic NFTs and is fully compatible with the EVM ecosystem. Plus, it offers better connectivity with the web3 world.

The rise of the zkrollup trend, with big blockchain players like zkSync, Base, Blast, and Starknet getting involved, may bring new crypto users to Immutable. As for Immutable zkEVM, the team is investing 50 million dollars to stimulate its growth. Currently, it has a total value of 3 million dollars, quite a difference compared to the 38.4 million boasted by Immutable X.

You can join the airdrop simply by downloading an Immutable Passport wallet, transferring assets from the Ethereum mainnet, and executing different actions. Based on insights from Game7 Research, Immutable seems to have the most robust Layer-2 ecosystem, considering the number of games developed on it, surpassing both Arbitrum and Mantle.

IMX Token: Immutable’s web3 backbone

The IMX token is integral to the Immutable ecosystem, giving users voting rights on the future of Web3 gaming. It’s an ERC-20 token, with a whopping 2 billion units available. With a market value of 3 billion dollars, it’s ranked 36th on the CoinMarketCap currency list.

IMX is used for more than governance purposes. It also pays network fees and facilitates staking. By employing a “proof of stake” system, IMX plays a crucial role in safeguarding the security and stability of Immutable’s blockchain networks.

Since March 2024, IMX cryptocurrency asset has experienced increased demand, driving its price to $2. It’s going through a dip but is above the 50-period moving average weekly. This suggests it’s ready to start gaining value again.