Immutable X: What It Is And How It Operates

What is ImmutableX?

Immutable X is a platform for Web3 game development on the Ethereum blockchain. It was established in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, with headquarters in Sydney, Australia.

The platform intends to provide users with digital ownership by simplifying the process of developing Web3 games for widespread use. Immutable has received funding from notable crypto venture capitalists and tech investors, such as Bitkraft Ventures, AirTree, King River, Capital Temasek, and Coinbase.

The Immutable platform empowers gaming studios and developers with a robust suite of products, delivering lucid solutions that augment their capabilities and transform the manner in which they create, publish, and distribute games.

Its pre-built, user-friendly solutions enable developers to launch their games quicker without sacrificing security or the gaming experience, thereby resolving two significant blockchain gaming industry-wide issues. In addition, creators have access to Web3 guidance, live community support, and Immutable's extensive gaming ecosystem.

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Immutable was also a pioneer in facilitating zero-knowledge (ZK) scaling solutions for Ethereum and offers multiple ZK-based scaling options, such as Immutable X, a rollup based on StarkWare technology, and Immutable zkEVM, powered by Polygon.

Immutable Games, the company's gaming studio, is a global leader in Web3 game development and pioneered the first nonfungible token (NFT) trading card game, Gods Unchained. It is currently developing Guild of Guardians, a highly anticipated mobile role-playing game (RPG), and collaborating with third-party game developers on titles including MetalCore, Infinite Victory, and Shardbound.

What the ImmutableX Platform Provides

The platform provides a suite of products to empower game developers, including pre-built solutions that enable them to launch games more quickly while maintaining security and game quality. Immutable is also a pioneer in the development of zero-knowledge scaling solutions for the Ethereum Blockchain.

It also provides numerous ZK-based scaling options, including Immutable X and Immutable zkEVM. This strategy is characterized by scalability, a frictionless user experience, and a focus on games.

The platform's native utility token is IMX, which is an ERC-20 token with a total supply of 2 billion and three primary uses: fees, staking, and governance.

How ImmutableX Functions And The Issue It Solve

Immutable has utilized the strength of zero-knowledge Rollups (ZK-rollups) to address the urgent problem of layer-2 scalability. By combining numerous transactions off-chain and sending them to the Ethereum blockchain as a single transaction, ZK-rollups expedite transaction validation and reduce gas costs.

In addition to its existing ZK-rollup, Immutable X, powered by StarkWare, the platform introduced Immutable zkEVM, a new scaling solution for gaming, in March 2023. This new EVM-compatible ZK-rollup, which utilizes Polygon technology and has the full support of the Immutable platform, is anticipated to be released later this year.

It seeks to make game development on Web3 more efficient, accessible, and risk-free from start to finish. With the introduction of Immutable zkEVM and the partnership with Polygon, Immutable has addressed a number of issues that Web3 game developers have encountered.

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These innovative solutions offer quicker transaction processing, reduced gas costs, and a simplified game development procedure. Among the issues addressed are the following:

One-stop shop for gaming: Immutable's platform utilizing zkEVM technology provides Ethereum Virtual Machine (EVM) compatibility, low cost, enormous scale, and Ethereum security, as well as direct integration with Immutable's full-stack gaming platform. This provides developers with the necessary solutions for success.
Availability of a powerful network: The combined network of ImmutableX and Polygon provides developers with access to enthusiasts, tools, and funding.
Low building expenses: ImmutableX's intelligent contract frameworks enable the migration of existing smart contracts to the ImmutableX zkEVM environment for existing games.
Enhanced functionality: ImmutableX zkEVM allows for everything from staking and crafting to sophisticated functionalities, including dynamic NFTs that equip other NFTs.
Simple compatibility: Using ImmutableX zkEVM, game developers can create games that are seamlessly interoperable with other games or platforms in the Ethereum ecosystem, allowing for greater accessibility and economies of scale.
Platform for safe and secure gaming: The quality assurance procedures of ImmutableX are intended to safeguard gaming studios and users from malicious activity, poorly designed contracts or validators, and to preserve the chain's bandwidth for gaming-specific operations.

Characteristics Of ImmutableX

Immutable aims to address a variety of scalability and gaming issues while offering a quick, secure, and cost-effective solution for Dapps. The following are some of Immutable X's distinguishing characteristics and technologies:

Unparalleled security able to accommodate enormous scalability: Immutable's implementation of zero-knowledge proofs enables lower transaction fees and a higher transactions-per-second (TPS) throughput compared to Ethereum's traditional protocols. In addition to protecting data privacy, this feature enables the validation of statements.

The largest gaming ecosystem on Web3: Immutable provides access to a vast and expanding ecosystem of over 1 million players and $2 billion in investor financing for games created on its platform, making it the largest Web3 gaming ecosystem. It also features a library of more than 150 renowned games that have chosen Immutable as their gaming platform.

Streamlined user experiences: Immutable has developed a suite of products and vetted smart contract templates that streamline onboarding processes, generate seamless native gameplay experiences, and empower game studios with the tools required to provide excellent Web3 experiences to their communities.

Platform for game-centric design: Immutable has utilized its five years of experience developing and scaling some of the most promising Web3 games, such as Illuvium, Gods Unchained, and Guild of Guardians, to create a comprehensive platform for game developers.

What Are IMX Token And The Immutable Market?

Immutable employs a decentralized governance system via IMX, the platform's native utility token.

The IMX token is an ERC-20 token with a supply of 2 billion tokens. The IMX token balances incentives among merchants, creators, and markets, ensuring that rewards go to pro-network activities on Immutable. The Immutable white paper describes three fundamental IMX applications: fees, staking, and governance.

Immutable has its own market as the default location for exchanging non-fungible tokens on the protocol. The Immutable Market supports Ethereum wallets without requiring a network transition. NFTs are free to mint for users of the Immutable Marketplace, and since the sell-on charge is only 2%, it is a low-cost way to launch new collections with nearly zero gas fees.

Immutable's Orderbook and Marketplace Network facilitates partnerships with 10 prominent NFT marketplaces, such as GameStop, Token Trove, OKK, etc., in addition to its own marketplace. Powered by the orderbook, games and marketplaces built on the Immutable platform have doubled their liquidity, as evidenced by the fact that fifty percent of all Immutable transactions are executed on non-origin marketplaces.

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Immutable partnered with GameStop, the world's largest video game retailer, in November 2022 to integrate its global orderbook into the GameStop NFT marketplace. This will introduce current and upcoming Immutable projects, such as Gods Unchained, Guild of Guardians, Ember Sword, Playco, GreenPark Sports, Illuvium, and many others, to GameStop.

How To Register As A USER

You can register as a user on either our primary Ethereum marketplace or our sandbox Ethereum marketplace.

Registering as a user on Immutable X necessitates the creation of an Immutable X L2 wallet for an Ethereum L1 wallet in order to transact on L2.

Steps:

Get an Ethereum (L1) wallet
Sign up as a user
Get test ETH

1. Get an Ethereum (L1) wallet

Connecting your wallet to the Immutable marketplace (Ethereum, sandbox) is the most convenient method to register as a user on Immutable X.

These wallet applications are supported by this connect wallet functionality:

Metamask
Magic - start the set up process by clicking 'Connect' in the Immutable Marketplace
Gamestop (only Ethereum marketplace).

After creating a wallet, you may be required to designate your network to the same as the market: Ethereum or Goërli.

2. Sign up as a user

There are two registration options:

Connect in the Immutable Marketplace
Utilizing the imx-examples repository

3. Get test ETH

You must fund your wallet with ETH in order to conduct transactions while experimenting on Goerli. Here are a few sources where you can obtain water:

Occasionally, all faucets dry up simultaneously.

DApps on Immutable

The preponderance of DApps on Immutable are classified as either games or collectibles.

On the Immutable platform, RPGs, sci-fi exploration, autobattlers, and massively multiplayer online role-playing games (MMORPGs) are currently being developed. Some examples include:

Illuvium: This is a decentralized game development studio working on an open-world RPG adventure game. While capturing Iluvials, creatures native to the world of Illuvium, players are immersed in a unique mix of science fiction and fantasy.
Gods Unchained: Released in 2018, Gods Unchained is the most popular Web3 play-to-earn trading card game, with over 52 million cards already traded. Despite being in beta, more than 450 thousand users have registered for the game.
Guilds of Guardians: Guild of Guardians is a multiplayer action RPG designed and published by Mineloader and Immutable Games. While the game has not yet been released in 2023, over one million participants have pre-registered.
Immortal Game: Immortal Game is building chess on the blockchain, enhancing the classic game by introducing a crypto layer that allows players to own stylish NFTs attached to Immortal pieces.