Enabling Scalable and Secure NFT Trading
It is a halal token.
Immutable X (IMX) is a layer-2 scaling solution for the Ethereum blockchain launched in 2021, specifically designed for trading non-fungible tokens (NFTs). Here’s a look at its core functionalities:
- Focus on NFT Trading: Immutable X tackles the scalability and gas fee issues faced by NFT traders on the Ethereum mainnet by providing a faster and more cost-effective trading experience.
- StarkNet Integration: It leverages StarkNet, a zk-rollup scaling solution, to process transactions off-chain while maintaining security on the Ethereum blockchain.
- Improved User Experience: By reducing transaction fees and processing times, Immutable X aims to improve the overall user experience for NFT trading.
- Immutable X Token (IMX): The IMX token is used for staking, governance, and covering gas fees within the Immutable X ecosystem.
- Integration with Marketplaces: Several NFT marketplaces have already integrated with Immutable X, offering users a wider selection of NFTs and a smoother trading experience.
Revolutionizing NFT Trading:
By addressing scalability challenges and offering a more user-friendly experience, Immutable X has the potential to revolutionize the NFT trading landscape and attract a wider audience to this growing market.