Name : Immutable (IMX)

IMX Price : $2.22500 +0.69%

Consensus Mechanism : ERC-20 Token

Volume: 48,689,179

Market Cap: 3,242,066,979

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Last Screening: Q3 2023

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Overview

Immutable stands as a pivotal platform in the realm of blockchain technology, offering Layer 2 solutions on Ethereum's secure layer 1. Through its APIs and developer tools, it streamlines the creation of applications on Layer 2, notably Immutable X. This revolutionary development allows seamless construction of Web3 games and NFT applications without the complexities of deploying intricate smart contracts. Immutable X emerges as a groundbreaking Layer 2 scaling solution for Ethereum's NFTs, ensuring instant trading, extensive scalability, and gas fee reduction.

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