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Cryptocurrency News Articles
Immutable X (IMX) Becomes a Top Layer 2 Scaling Solution for NFTs on Ethereum in 2025
Apr 23, 2025 at 09:42 pm
With a vision to focus on zero gas fees, instant NFT trading, and high scalability via zk-rollups.
Immutable X (IMX) is emerging as a premier Layer 2 scaling solution for NFTs on Ethereum in 2025, with a focus on zero gas fees, instant NFT trading, and high scalability via zk-rollups.
Also, it is integrating with industry giants
As Immutable X’s ecosystem expands rapidly, particularly in blockchain gaming, it has formed strategic collaborations with industry giants such as GameStop and Tencent. Furthermore, partnerships with MetaGravity are aiding in expanding the Immutable ecosystem to new heights.
The platform is designed to host top-tier titles such as Gods Unchained and Illuvium, leveraging Immutable X’s infrastructure to provide real digital ownership and frictionless asset trading.
Moreover, product features like the Immutable Passport and SDK are facilitating easier user onboarding and developer integration, ultimately driving higher platform adoption.
The IMX token has been steadily increasing, with favorable price projections through 2025 and positive long-term trends. However, while recognized for scalability and velocity, Immutable X is encumbered by such previous marketplace shut-downs and poor cross-chain compatibility.
A Key Innovation: Immutable Passport
Co-founder and president Robbie Ferguson highlights Immutable Passport as a major innovation, streamlining web3 gaming onboarding through password-less sign-on and auto-generating wallets.
With over 5 million users within 15 months, Immutable Passport is a key component in navigating infrastructure issues and driving Immutable's vision of delivering digital ownership to a mass market of gamers.
The Immutable Universe: A Deeper Dive
Immutable X, a zero-gas NFT protocol on Ethereum, is aiming to introduce Web3 gaming to the mainstream with its latest initiative: Immutable Passport. The goal is to simplify the onboarding process for gamers, enabling them to effortlessly create and manage their digital identities.
Despite the promise of blockchain gaming, the onboarding procedure can be complicated for newcomers, presenting a barrier to mass adoption. To surmount this obstacle, Immutable X is rolling out Immutable Passport, an initiative designed to streamline the process and render it more accessible to a wider audience.
The technology behind Immutable Passport is based on zk-rollups, a scaling solution that can execute numerous transactions in batches, drastically reducing gas fees and increasing throughput. This capability is crucial for seamless integration with games, facilitating instant NFT minting and trading within the game's environment.
Furthermore, Immutable Passport will provide password-less sign-on, eliminating the need for users to generate a seed phrase or remember passwords. Instead, they can sign in using email or phone, rendering the process familiar and user-friendly.
The passport will be automatically linked to a new or existing Immutable X wallet, and any game on the Immutable X ecosystem can quickly access the required data from the passport. This interoperability will enable seamless transitions between games and a consistent user experience across the entire ecosystem.
In essence, Immutable Passport is a critical component in Immutable X's broader vision of delivering digital ownership to a mass market of gamers. By simplifying onboarding and streamlining integration, Immutable X is paving the way for a future where gamers can truly own and control their in-game assets, unburdened by the complexities of Web3 technology.
Whale Activity Sparks Volatility
The behavior of whales, or large institutional investors, has been unstable in the IMX market. They sold off around 26.2 million IMX tokens in the first week of April 2025, at an average price of $0.44 and a total value of about $13.72 million.
This price is significantly lower than the previous highs of over $0.72 reached in March 2025. The massive sale triggered a 39% drop in the IMX token price.
The actions of whales can have a considerable impact on the cryptocurrency market due to their ability to move large amounts of tokens and influence price trends.
The large-scale sale by the institutional investor may have contributed to the recent downturn in the IMX market.
The major держатель also contributed to a substantial net inflow of nearly 800% towards the end of March 2025, fibonaccii notoresiously used in crypto markets. However, this inflow was largely canceled out by the subsequent sell-off.
Earlier, in a three-month period beginning December 2024, the whales gradually accumulated 4.55 million IMX tokens as the token price increased from $0.30 to $0.72, fibonaccii notoresiously used in crypto markets. This activity led to a massive 366% price increase.
However, in the first week of April 2025, a giant institutional investor sold off around 26
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- Donald Trump to Host a Memecoin Dinner for Top TRUMP Tokenholders
- Apr 24, 2025 at 07:50 am
- YEREVAN (CoinChapter.com) — Donald Trump will host a memecoin dinner for the top TRUMP tokenholders on May 22. The official TRUMP token website states that the event will take place at Trump’s golf club in Washington, DC.
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