Immutable X research
Immutable X is a layer-2 scaling solution for Ethereum, focusing on NFT minting and Web3 games. It is powered by StarkWare, a scaling solution for Ethereum that allows Immutable X to offer gas-free minting of NFTs. The platform is designed to provide a high-performance, low-cost solution for web3 games while maintaining the underlying security of Ethereum.
Immutable X was launched in 2018 by siblings James Ferguson and Robbie Ferguson along with Alex Connolly. The platform has witnessed tremendous support from the U.S-based cryptocurrency exchange Coinbase and billionaire Sam Bankman-Fried helmed Almada Research.
Immutable X offers a range of solutions aimed at facilitating the development and launch of decentralized applications:
- Zero Cost & Massive Scale: Users can mint, transfer, and trade without paying any gas fees. This allows developers to create planet-scale games without needing expertise in Solidity.
- Battle-tested Security: Unlike many other scaling solutions, Immutable X relies on STARK proofs directly on the Ethereum mainnet, ensuring the security of users’ assets.
- Speed and Power: While Ethereum L1 can only comfortably handle roughly 15 transactions per second, Immutable X’s throughput capabilities are over 600 times more efficient than the Ethereum mainnet.
- Support for Developers: Immutable X provides crucial support and resources for developers aiming to harness the potential of modular blockchains for the sake of more easy-to-use decentralized applications.
Team, Investors, and Advisors
The fundraising round for Immutable X was co-led by two prominent investors in the industry, Hashed and K300 Ventures. These investors bring considerable experience and insightful knowledge in the Web3 markets to bring invaluable expertise to support project founders.
Synergies with our Portfolio
With the combination of multiple game studios and games in the invested ecosystem, K300 Ventures realizes the need for a boost, a platform to manage and optimize revenue, operations, and technology for young startups. From there, Immutable X, with its scalability on ETH L2, is the perfect choice to complete K300’s existing game ecosystem. The presence of Immutable X helps projects have additional marketing resources, expand their market, and have ready-made infrastructure and framework to popularize Blockchain games as quickly as possible.
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