The current NFT market is growing in huge numbers but still, there are so many loopholes in the system. That might be the reason so many potential users preventing from a mainstream adaptation of NFTs. Also, the developers are facing several obstacles as well. Immutable X project is planning to provide a platform for developers where they can create world-class NFT projects without comprising the security of Ethereum and liquidity. By the time we complete your analysis and review of this project, you will also get Immutable X (IMX) Price Prediction.
What is Immutable X?
Immutable X is a first layer 2 protocol specially designed for trading of NFT’s on the Ethereum blockchain. At Immutable X users will get instant confirmation about their trades with zero gas fees and higher scalability without compromising the security. This platform is aiming to make trading and minting of NFT’s much easier compared to trading of traditional assets. Instead of competing against the Ethereum blockchain, Immutable X prefers a layer 2 solution that will provide power and security to the Ethereum network.
By using the shared global order book Immutable X is planning to give the best trading experience at zero gas fees along with instant trades and liquidity. This protocol is capable of processing 9,000+ transactions per second without compromising the security which makes it more favorable. Immutable X also has a developer suite that includes SKD’s and APIs that gives freedom to developers to create the best NFT games, dapps, or marketplace just within a few hours.
Immutable X (IMX) Details:
|Project Name||Immutable X|
|Total Supply||2,000,000,000 IMX|
Immutable X (IMX) Price Prediction:
Immutable X also has their NFT marketplace and it allows users to trade their NFTs on other platforms like OpenSea or Rarible easily. There are a few more advantages of this platform like it offers zero gas fees for peer-to-peer trading also users can set their own trading fees.
In the second week of September 2021, Immutable X conducted its public sale on Coinlist Launchpad. An interesting fact about this sale was there were almost 720,000 participants were registered. But unfortunately due to high demand, only 25,000 participants could buy IMX tokens. Just within an hour, this project raised $12,500,000 from this stat we could guess the kind of interest investors were showing in this project.
Even though this is the very early days of this project in the crypto market and this project has to go through several challenges. But our experts Immutable X (IMX) Price Prediction indicate that by the end of 2021 this coin will cross the $12 mark. And if we consider the long-term prediction of the IMX coin then in the next five years this project will reach to $45 mark.
IMX Coin ICO Sale Details
|ICO Date||September 2021|
|ICO token Price||$0.10 To $0.15|
Immutable X project makes the creation of NFT cheaper, scalable, and easily accessible for everyone. So it becomes much easier for any developer to access this platform instead of hiring the whole team of web3 developers every time. A few years back gaming companies were earning by selling games but a few years back they shifted to free-to-play games. And now for gaming companies will have to be dependent on in-game assets or NFTs for generating revenue. We can say Immutable X will play the role of foundation and infrastructure that will help to bring web3 usage to the mainstream