Buy Immutable X (IMX)
What is Immutable?
Immutable X (IMX) is a Layer 2 scaling solution for non-fungible tokens (NFTs) on the Ethereum network. It focuses on enhancing the user experience by offering zero gas fees, rapid transaction speeds, and scalability. This is achieved through the use of zero-knowledge proof technology, specifically zk-rollups, to maintain security and integrity while processing up to 9000 transactions per second.
How does Immutable work?
Immutable X operates on the Ethereum blockchain as a Layer 2 solution, using zk-rollup technology developed with StarkWare. This technology involves batching transactions and generating a STARK proof that verifies the validity of these batches. The proof is then published on-chain, ensuring the security and accuracy of the transactions without traditional consensus mechanisms like Proof of Work or Proof of Stake. Immutable X also employs smart contracts for minting and trading NFTs, increasing the platform’s efficiency and usability.
What are the potential use cases for Immutable?
Immutable X offers a wide range of applications across different industries:
- Gaming Industry: It supports blockchain-based games like Guild of Guardians and Gods Unchained by allowing free and instant trading of game assets and characters.
- NFT Marketplaces: Its zero-fee and fast trading features make it ideal for NFT marketplaces.
- Digital Art and Collectibles: Providing carbon-neutral and efficient NFT services.
- Finance and Tokenization: Enabling the tokenization of real-world assets for fractional ownership.
- Partnerships and Event Management: Collaborations with entities like NFT.NYC and GameStop for exclusive programs and NFT ticketing.
What is the history of Immutable?
Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. The platform initially stemmed from the challenges encountered in blockchain gaming with Etherbots. Key milestones include:
- 2019: Completion of a $15 million Series A funding round.
- 2020: Launch of the beta mainnet and partnerships with various projects.
- 2021: Mainnet launch and collaborations with major blockchain gaming projects.
- 2022: Series C funding of $200 million, IMX token introduction, and strategic partnership with GameStop.
- 2023: Series D funding round, valuing the company at $3.5 billion, and the launch of the Immutable Grants program.
- The platform is continuously evolving, with advancements like the Immutable zkEVM Mainnet expected to enhance the platform further.
Immutable X's progress reflects significant technological and market presence advancements, supported by partnerships with notable industry players and expansion efforts, particularly in Asia.
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Frequently Asked Questions (FAQs)
What is the current price of Immutable X (IMX)?
The Immutable X price is $2.1676 AUD, representing a -8.63% from the day prior.
Where is the best place to buy Immutable X (IMX) in Australia?
The best place to buy Immutable X (IMX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Immutable X (IMX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Immutable X (IMX)?
The trading volume of Immutable X (IMX) is $158.1M AUD in the last 24hrs, representing a -8.63% from the day prior.
How can I buy Immutable X (IMX)?
Immutable X (IMX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Immutable X (IMX)?
The current market cap of Immutable X (IMX) is $3.6B AUD.
Can I convert Immutable X (IMX) to cash?
Yes - With Coinstash you can convert your Immutable X (IMX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Immutable X (IMX) are there?
The current circulating supply of Immutable X (IMX) is 1.7B.
Is Coinstash a safe place to buy Immutable X (IMX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Immutable X (IMX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.