
A beginner's guide to IMX
Immutable specializes in blockchain solutions for the gaming industry. Their flagship product, Immutable X, is a Layer 2 scaling solution designed to optimize the Ethereum gaming experience by enabling gas-free transactions.
Immutable X offers near-instant trade confirmation, improved scalability, and near-zero gas fees that are crucial for gaming environments and non-fungible tokens (NFT) transactions.
Immutable significantly increases Ethereum's transaction throughput by facilitating thousands of transactions per second (TPS) on its Layer 2, surpassing the limitations of Ethereum.
In the burgeoning play-to-earn gaming sector of the crypto industry, the Immutable X platform facilitates the interconnection of gaming characters and various games, allowing players to use a single profile across multiple titles.
The L2 leverages smart contracts written in Ethereum’s Solidity programming language to enable the creation of blockchain games and execute complex, autonomous agreements on its suite of products.
Immutable X’s native governance token, IMX, is classified as an Media & Entertainment token.
These projects focus on rewarding users for creating and interacting with content, games, gambling, or social media.
Further, IMX can also be used for governance, paying transaction and protocol fees, and rewarding users within the Immutable ecosystem.
Popular games built on Immutable X include God’s Unchained, Guild of Guardians, and Habbo X.
Kraken offers IMX, as well as 250+ other types of cryptocurrencies.