Immutable

Feb 22, 2023 | Blockchain, Projects

The first layer two scaling solution for NFTs on Ethereum

Immutable – The first layer two scaling solution for NFTs on Ethereum

 

Problem

  • Ethereum is the most popular Decentralized platform, but issues like low scalability, poor user-experience and complexity in development are some of its main obstacles towards full adoption.

Solution

  • Immutable solves these issues through a unique Layer-2 network for NFTs, built on top of Ethereum.

Value Proposition

  • Aimed at powering the next generation of web3 games, Immutable delivers a throughput of 9,000 transactions per second and zero gas fees for minting or transfers.

Underlaying Magic

    • Ethereum grade security, Zero knowledge rollups and user-friendly APIs allow developers to easily build their next NFT project.

    Business Model

    • The network is secured by the native token $IMX, which is used for rewarding stakers through fees paid by users of the protocol.