With all eyes on Ethereum’s historic rise, one Web 3.0 coin said that an important announcement is imminent.
Web 3.0 coin left wondering with mysterious announcement
Immutable X, a layer-2 scaling solution for NFTs using the Ethereum network, left altcoin investors wondering today. The team behind the project is demanding attention amid the upcoming Ethereum and Cardano rises. “Very soon… Are you ready?” No other details have come from the tweet containing the statements. However, the message was enough to make the IMX price jump around 4%.
Coming soon… 👀
Are you ready? pic.twitter.com/ryhHPdjE7C
— Immutable 🅧 – $IMX (@Immutable) September 12, 2022
Not many details are known about the announcement at this time. The Immutable X team said with this tweet that an important announcement is imminent. After the post, the IMX price jumped roughly 4%. Meanwhile, Bitcoin and Ethereum most altcoins were moving sideways. As a result, this announcement launch managed to grab the attention of the community, garnering more than 750 likes.
What is Immutable X?
Ethereum, the portal to hundreds of DeFi projects, is known for its secure ecosystem. Most developers prefer Etehreum because it is reliable and easy to program. However, problems such as high gas fees and network congestion are the main shortcomings of Ethereum.
High gas fees have kept Ethereum network investors, players and artists from trading in particular. As a result, many layer-2 projects are addressing issues in Ethereum, with greater speed and savings. These tier-2 scaling solutions include Immutable X. Leveraging the features of Ethereum, Immutable X provides seamless transactions of NFTs, providing users fast in creating their own NFTs.
In a nutshell, Immutable X is a layer-2 blockchain that solves the scalability issue for NFTs on Ethereum. It allows users to create and manage NFT projects on a secure platform with zero transaction costs. According to its official website, the network has minted more than 50 million NFTs. However, Ethereum has established many NFTs without sacrificing security or requiring extra gas fees.
Immutable X provides a complete carbon neutral NFT marketplace that balances its carbon footprint, as well as creating a layer-2 solution for NFTs on the Ethereum Blockchain. In other words, the L2 solution saves energy and ensures that no energy is wasted when creating and trading NFTs. Immutable X achieves this through a partnership with renowned climate-conscious companies Trace and Cool Effect.
Immutable X also powers the Gods Unchained game. Other key partners of L2 are Naspers, Apex Capital, Coinbase, Galaxy digital and Starkware are powering it. cryptocoin.comYou can reach the Immutable X news that we conveyed here.
