Immutable X is a Layer 2 scaling solution for Ethereum that aims to create a multi-chain blockchain system compatible with Ethereum.
It offers instant transaction confirmation, and near-zero gas fees for minting and trading NFTs, and houses its native token, IMX.
It is funded and backed by prominent crypto VC funds and transformational tech investors like Bitkraft Ventures, King River Capital, AirTree, Temasek, Coinbase, and more.
ZK-powered infrastructure refers to blockchain infrastructure that uses zero-knowledge proof (ZKP) technology to enhance privacy, security, and scalability.
ZKP is a cryptographic protocol that enables one party to prove to another party that they know something without actually sharing the information with the other party.
Immutable X’s zkEVM roadmap is paving the way for dedicated app chains tailored for AAA Games, ensuring top-notch performance for upcoming releases.
This commitment extends to substantial enhancements across player experience, revenue generation, and developer tools, solidifying Immutable zkEVM as a thriving ecosystem.
The Immutable zkEVM Testnet, introduced in August, witnessed remarkable activity with over 20,000 addresses and 100,000 transactions.
In November, an anticipated upgrade will transition the protocol’s first EVM client from Polygon Edge to Geth. Looking ahead to 2024, Immutable X envisions the launch of Immutable zkEVM Mainnet, expected between December and January.
Additionally, Immutable zkEVM will introduce dedicated app chains and prover integration, marking key milestones for the platform’s evolution.