ImmutableX (IMX), the Ethereum Layer-2 protocol dedicated to Non-Fungible Tokens (NFT) and gaming, is championing growth in the gaming sector today. The cryptocurrency is leading the growth charge for gaming tokens with its price trading at $1.16, up 20.87% over the past 24 hours.
The attractiveness of Immutable X as it relates to its potential as a major building substrate for NFTs and games has taken new shape in recent times. The protocol is working on unique enhancements that can keep gas fees at zero, a better advantage for minting new NFTs and deploying games as compared to direct hosting on Ethereum.
As a mark of its superior tech for gaming, Ember Group switched from Polygon to ImmutableX back in 2021 as a show of a very strategic partnership. In just this week alone, at least two gaming protocols were deployed on ImmutableX , namely Rooniverse and the collectible card game, Cross The Ages.
These integrations show how popular the ImmutableX protocol is becoming, among the most functional and growth-oriented protocols in today’s NFT and broader Web3.0 ecosystem. These growing ecosystem activities might account for the latest bout of accumulation that has sent IMX to its one-month high.
Leveraging zk-Rollups tech
The goal for every blockchain protocol is to be as scalable, as fast and as cheap as possible. ImmutableX is championing this course in a bid to make NFTs and play-to-earn (P2E) gaming much more accessible for users across the board.
To fulfill its core missions, the protocol was designed with the Stark Network zk-Rollups technology and is constantly upgrading its capabilities. With the emphasis on zk-Rollups growing in traction from key industry players, ImmutableX is positioned to be one of the biggest beneficiaries of tech in the near future.
The IMX token is still a low-cap altcoin and is down 87.89% from its all-time high (ATH) price of $9.50.
