- Immutable X offers amazing perks allowing users to trade NFTs without gas fees.
- It has its own token called IMX, which has a huge market cap.
It has already been a decade since the launch of Bitcoin. The world has come a long way from Bitcoin to advanced cryptocurrencies that are much efficient and faster. These cryptocurrencies not only enable safe transactions but also provide transparency to users. Cryptocurrencies are not owned by any organisation, ensuring the safety of the users’ money.
This is because they run on a decentralised system. As cryptocurrencies evolved, so did the blockchain, giving birth to NFTs (Non-Fungible Tokens).
NFTs are a digital art that many users buy, some out of their love for art, Others purchase them for trading . Surprisingly, the world’s most expensive NFT was sold for 52 Million US dollars. NFTs are always based on one or another blockchain.
In this article, we will discuss the NFTs based on Ethereum Blockchain and a unique platform that allows you to trade and even mint NFTs based on the Ethereum blockchain.
What is Immutable x
If you are an NFT lover and enjoy collecting NFTs, especially based on Ethereum Blockchain, such as Cryptopunks and Bored APE Yacht club, Immutable x is theone-stop solution for you. It allows you to trade, store, and mint NFTs based on the Ethereum blockchain.
Immutable Xis specially built to enhance the scalability of the NFTs and offer many appealing perks that other NFTs marketplaces do not provide :
Zero gas fees
Unlike other exchanges that apply fees for transactions, Immutable X eliminates gas fees, providing a more cost-effective experience.
Carbon Neutrality
In today’s era of environmental concern, Immutable X stands out as it addresses the urgent need to save the environment. Unlike many blockchains that consume excessive energy and leave harmful carbon footprints, Immutable X takes a more sustainable approach.
High transaction speed
Immutable X boasts incredible speed,. processing 9,000 transactions per second, making it highly efficient for users.
Who are the founders of the Immutable X
This NFT trading platform was launched in 2018 by two siblings, James Ferguson and Robbie Ferguson. Its headquarters are situated in Australia. This platform has strong community support. The major player in its community is Coinbase.
Information about Immutable X token
This platform even has its own token, called Immutable(IMX). Currently, at the time of writing this article, this token is trading at $0.71944. It has also captured a market cap of $748,424,911 and ranks 55th biggest cryptocurrency in terms of Market Cap. It has a maximum supply of 2,000,000,000 ,tokens out of which 1,040,385,513 IMX are already in circulation, which means 52% of the supply has already been mined.
