Immutable X Building NFT Powerhouse on ETH Layer-2

Behind major deals with recognizable groups, Immutable X looks to solve Ethereum’s efficiency problems.

By
Kyle Heise
on
November 7, 2021
Category:
Blockchain News

Immutable X Helps Ethereum Hit Potential

Immutable X secured another top partnership this past week. The layer-2 blockchain on Ethereum officially partnered with E-sports giant ESL Gaming on October 28th, capping a run of major deals in October.

The partnership with ESL Gaming builds on Immutable X’s response to the growing need for an efficient layer-2 network on Ethereum. Immutable X’s response has led to significant agreements with TikTok and VeVe, the company helping Disney, Marvel, and more turn their troves of content into NFTs. Immutable X’s focus on scalability is a major factor to its success.

“At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed. We are thrilled to partner with a leader like ESL and look forward to a great partnership in the years to come,” said Robbie Ferguson, co-founder of Immutable X, in the ESL Gaming blog from October 28th.
Source

Immutable X attempts to solve the scalability problem facing Ethereum by offering a marketplace of marketplaces. In essence, it gives builders an easy place to build. The partnerships with ESL and TikTok are notable, not just for the size and notoriety of the platforms but also for that they are the first. 

“If you had told me a year ago that Tik-Tok would be building NFTs on Ethereum, and let alone, Layer-2 Ethereum, I would have told you that you were crazy,” Ferguson told the Bankless Podcast on November 4th. 

With almost no gas fees, the capability of 9,000 transactions per second, and a carbon-neutral footprint, Immutable X has the potential for a Cambrian explosion of content. After finding out the need for a robust and supercharged layer-2 for the success of content creators, Immutable X can show the Ethereum chain what it can achieve.


About Immutable X 

Immutable X is the leading Layer 2 scaling solution for NFTs to enable gas-free minting and trading, while not compromising the security of the most used blockchain globally for NFTs, Ethereum. The solution offers instant trade confirmation, massive scalability (up to 9,000 transactions per second), and fantastic developer and user experience. Immutable X has announced integrations with established marketplaces such as OpenSea and Mintable, and is powering some of the largest content creators in the world like Tiktok, Disney, Marvel, and more.

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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