Immutable X | The NFT game changer – Katoch Tubes

Decoding The  layer-2 solution - Immutable X

Decoding The  layer-2 solution - Immutable X

What is Immutable X?

Immutable X is the first layer 2 blockchain for NFTs on Ethereum. The NFTs minted & traded on it are 100% carbon neutral.

Immutable X Founders

Founded in 2018 by James Ferguson & Robbie Ferguson. Earlier it was a blockchain gaming company.

What is  Immutable X token?

IMX is the native ERC20 token of Immutable X. It is used for governance, staking & paying for the gas fees. Total supply is 2 billion.

How does  Immutable X work?

Checkout the link below to know more about Immutable X -

The NFT Marketplace

Surprisingly the chain has its own marketplace. It supports both ERC721 & ERC1155 tokens.

Top Benefits of Immutable X

1. P2E Ready 2. Marketplace 3. ERC721 & ERC1155 ready 4. Scalable  5. Cost effective.

Immutable X vs Polygon

Polygon is an all-in-one L2 sidechain while IMX is focused on NFT & ERC721 & ERC1155 tokens. Its NFT specific.

Immutable X Competitors

How to buy  Immutable X token?

Immutable X can be purchased from Coinbase, Binance &

Immutable X backers

Immutable X has raised  $82 million from BITKRAFT & King river capital. Making it a financially stable project.

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