The blockchain company Immutable raised over $60M for NFT games to be on the platform via the Ethereum network. Immutable X is the first layer 2 trading solution for NFTs on Ethereum, providing scalability and gas free transactions. Immutable X allows game developers to unlock game mechanics like fusing, and rewards, while supercharging secondary markets by ensuring you can trade your assets without worrying how much you will pay in gas fees.
Immutable X is one of the few products positioned early enough in the blockchain industry to solve one of the largest problems holding the community back: ETH Gas fees.
The ImmutableX Roadmap displays the direction of the company overtime.
One game that has already been in the making that is guaranteed to use the ImmutableX gasless platform for trading NFTs is “Gods Unchained”. Gods Unchained is a trading card game being made by ImmutableX themselves. According to their blog, they are slotted to be the first adopters of the platform and are passing that to their users.
Immutable X has recently announced that they will airdrop or sell a $GODS token to players so they can have a voice in how the studio runs the game. At launch, $GODS will operate as a utility and governance token, giving holders a voice in the digital space, as well as active staking opportunities that allow players to earn rewards through gameplay campaigns. Over time, functionality of the $GODS will expand to embed the token within Gods Unchained, enabling players to earn $GODS tokens as rewards when people play the game.
Gods Unchained is led by Chris Clay who is the former game director of Magic The Gathering Arena.
The Series B funding round was co-led by Bitkraft Ventures and King River Capital. It also included Prosus Ventures, Galaxy Interactive, Alex Capital, Fabric Ventures, and more.
The total funding to date for Immutable X is known to be now $77.5 million USD. Immutable plans to use the funding to strengthen partnerships with game developers, hire more engineers, and expand its sales division.
Another game due out in 2022 that utilizes the Immutable X platform for their NFTs is Guild of Guardians, which is a mobile RPG. Other games include War Riders and Illuvium.
So how does Immutable X do it? They utilize StarkWare’s ZK rollup technology which allows applications to scale without compromising security.
Robbie Ferguson is a co-founder of Immutable X and he revealed that one of the biggest products they are planning to offer isnt just a platform to sell NFTs, but a series of tools that game developers can use to build NFT games without having to know much about blockchain. Tools such as credit card transaction services, anti-money laundering, KYC compliance, and more will be available to mainstream game developers who are mostly behind the bus on these types of technologies dealing with blockchain.
NFT sales are up for the first half of 2021 versus the first half of 2020. From $13.7 million in NFT sales in the 1st six months of 2000 to $2.5 BILLION in the first 6 months of 2021.
Immutable X can handle over 9,000 transactions per second. That makes them a front runner in the industry for handling the scaling needed for supporting gaming. They expect over time to be able handle more than 9k tx per sec. In addition to being fast and secure, the platform also claims to be carbon neutral!
Currently known projects that have partnerships and deals with Immutable X in the pipe:
- RTFKT Studios
- Ecomi ($OMI) / VeVe Collectibles (Marvel / Star Trek)
- Illuviam game
- Lucid Sight games
- War Riders game
- Double Jump.Tokyo / MCH+
- NRG Esports
- Gods Unchained
- Guild of Guardians
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