Difference between revisions of "Immutable X (IMX)"

Revision as of 08:55, 11 March 2022

An NFT exchange and L2 sollution. Immutable X is a ZK rollup engine for minting and exchanging NFTs on Ethereum.

Basics

Based in: Sydney (9-3-2022).
Started in / Announced on: 21-10-2020
Mainnet: "We are aiming to release our first public version in Q1 2021." (on the website as of 30-3-2021). Update: launched on 8-4-2021.

From EthHub #113 (12-5-2020):

"Immutable X is a decentralized, non-custodial exchange that scales trading on the Ethereum network with instant settlement and zero gas fees."

History

Built (8-5-2020) by Gods Unchained and StarkWare.

Audits & Exploits

Bug bounty program can be found [insert here].

Bugs/Exploits

Governance

From their announcement (8-5-2020)

"Immutable X is still a fair way off but, once it’s live, assets will be minted directly onto the platform. Existing users will also be able to move their Gods Unchained items onto the platform without handing control of those assets over to us. Overall, when Immutable X launches we’ll still have zero control over its users items and won’t be able to touch or alter those items in any way. Immutable X merely acts as a facilitator to make more efficient trades. To reiterate what was said above (as it’s vital): Immutable X will be non-custodial; users will be able to trade their assets without trusting the security of Immutable’s infrastructure."

DAO

Treasury

Token

Launch

Announced its IMX token on 22-7-2021. The public sale will happen on the 8th of September 2021 via CoinList.

Token Allocation

Utility

Governance and utility token, also used for staking.

Other Details

Supports ERC-20 and ERC-721 (30-3-2021). Has no native token;

"Unlike sidechains, we're not controlled by central operators that can be easily attacked (51%) and ransomed, nor do we require a novel token to use."

Stablecoin

Coin Distribution

Technology

Whitepaper can be found [insert here].
Code can be viewed [insert here].

Implementations

Built on: Ethereum
Programming language used:

Transaction Details

Capacity (TPS): "capable of handling 200m+ NFT transactions per day" (8-5-2020). "Massive scalability up to 9,000+ TPS." (30-3-2021).
Latency:

How it works

As they themselves claim: "Not a centralized sidechain."

From their website (30-3-2021):

"Under Immutable X Volition model, users will be able to choose whether particular assets are held as a Validium ZK-proof or ZK-Rollup."

Fees

From Bankless (23-7-2021):

"Once live, a 20% cut of all Immutable X transaction fees will be denominated in $IMX; these fees will go to a staking rewards pool as yield for $IMX stakers."

Upgrades

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Other Layer 2s like Optimism, Polygon, xDai, etc.

Pros and Cons

Pros

Cons

Team, Funding, Partners

Full team can be found [here].

Team

Funding

From Bitcoin.com (9-3-2022):

"Raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio."

Raised $60m in a Series B round (14-9-2021).

Partners

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Also check out CoinTr.ee for more content.

@@ Line 1: / Line 1: @@
+An [[NFT]] exchange and [[L2]] sollution. [[Immutable]] X is a [[ZK-Rollups|ZK rollup]] engine for minting and exchanging [[NFTs]] on [[Ethereum]].
 ==Basics ==
-*Based in:
+*Based in: [https://news.bitcoin.com/immutable-raises-200-million-in-temasek-led-series-c-nft-startup-now-valued-at-2-5-billion/ Sydney] (9-3-2022).
 *Started in / Announced on: [https://twitter.com/Immutable/status/1318730386822754304 21-10-2020]
-*Mainnet: "''We are aiming to release our first public version in Q1 2021."'' (on the [https://www.immutable.com/ website] as of 30-3-2021). Update: [https://www.theblockcrypto.com/linked/101092/ethereum-startup-immutable-aims-to-cut-nft-costs-with-new-layer-2-scaling-protocol launched] on 8-4-2021.
+*[[Mainnet]]: "''We are aiming to release our first public version in Q1 2021."'' (on the [https://www.immutable.com/ website] as of 30-3-2021). Update: [https://www.theblockcrypto.com/linked/101092/ethereum-startup-immutable-aims-to-cut-nft-costs-with-new-layer-2-scaling-protocol launched] on 8-4-2021.
-*An [[NFT]] exchange and [[L2]] sollution. Immutable X is a [[ZK-Rollups|ZK rollup]] engine for minting and exchanging NFTs on [[Ethereum]].
 *[https://ethhub.substack.com/p/ethhub-weekly-113 From] [[EthHub]] #113 (12-5-2020):
-''"Immutable X is a [[decentralized]], [[Decentralized Exchange (DEX)|non-custodial exchange]] that scales trading on the Ethereum network with instant settlement and zero [[gas]] fees."''
+''"Immutable X is a [[decentralized]], [[Decentralized Exchange (DEX)|non-custodial exchange]] that scales trading on the Ethereum network with instant settlement and zero [[gas]] [[fees]]."''
 ==History==
@@ Line 22: / Line 23: @@
 *From their [https://medium.com/@immutable/introducing-immutable-x-2a27d8502150 announcement] (8-5-2020)
-"''Immutable X is still a fair way off but, once it’s live, assets will be minted directly onto the platform. Existing users will also be able to move their [[Gods Unchained]] items onto the platform without handing control of those assets over to us. Overall, when Immutable X launches we’ll still have zero control over its users items and won’t be able to touch or alter those items in any way. Immutable X merely acts as a facilitator to make more efficient trades. To reiterate what was said above (as it’s vital): Immutable X will be [[non-custodial]]; users will be able to trade their assets without trusting the security of Immutable’s infrastructure."''
+"''Immutable X is still a fair way off but, once it’s live, assets will be minted directly onto the platform. Existing users will also be able to [[move]] their [[Gods Unchained]] items onto the platform without handing control of those assets over to us. Overall, when Immutable X launches we’ll still have zero control over its users items and won’t be able to touch or alter those items in any way. Immutable X merely acts as a facilitator to make more efficient trades. To reiterate what was said above (as it’s vital): Immutable X will be [[non-custodial]]; users will be able to trade their assets without trusting the security of Immutable’s infrastructure."''
 ===DAO===
 ===Treasury===
@@ Line 28: / Line 29: @@
 ===Launch===
-* [https://immutablex.medium.com/introducing-imx-to-power-ethereums-first-layer-2-for-nfts-8be74981f573 Announced] its IMX token on 22-7-2021. The public sale will happen on the [https://twitter.com/Immutable/status/1430611200736337920 8th of September 2021] via CoinList.
+* [https://immutablex.medium.com/introducing-imx-to-power-ethereums-first-layer-2-for-nfts-8be74981f573 Announced] its IMX [[token]] on 22-7-2021. The public sale will happen on the [https://twitter.com/Immutable/status/1430611200736337920 8th of September 2021] via [[CoinList]].
 ===Token Allocation===
 ===Utility===
-* Governance and utility token, also used for staking.
+* [[Governance]] and [[utility token]], also used for [[staking]].
 ===Other Details===
@@ Line 55: / Line 56: @@
 ====Transaction Details====
-*Capacity ([[TPS]]): ''"[https://medium.com/@immutable/introducing-immutable-x-2a27d8502150 capable] of handling 200m+ [[NFT]] transactions per day"'' (8-5-2020). "''Massive scalability up to 9,000+ TPS."'' ([https://www.immutable.com/ 30-3-2021]).
+*Capacity ([[TPS]]): ''"[https://medium.com/@immutable/introducing-immutable-x-2a27d8502150 capable] of handling 200m+ [[NFT]] [[transactions]] per day"'' (8-5-2020). "''Massive scalability up to 9,000+ TPS."'' ([https://www.immutable.com/ 30-3-2021]).
 *[[Latency]]:
@@ Line 69: / Line 70: @@
 * [https://metaversal.banklesshq.com/p/immutable-x-unveils-imx?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTA4Njc3MCwiXyI6IitrN3VtIiwiaWF0IjoxNjI3MjMwMTg3LCJleHAiOjE2MjcyMzM3ODcsImlzcyI6InB1Yi0yNDIxODEiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.4KXqeUKj_d82TdMNLiGky From] [[Bankless DAO (BANK)|Bankless]] (23-7-2021):
-''"Once live, a 20% cut of all Immutable X transaction fees will be denominated in $IMX; these fees will go to a staking rewards pool as yield for $IMX stakers."''
+''"Once live, a 20% cut of all Immutable X [[transaction]] fees will be denominated in $IMX; these fees will go to a [[staking rewards]] pool as yield for $IMX [[stakers]]."''
 ===Upgrades===
@@ Line 106: / Line 107: @@
 ===Funding===
+* [https://news.bitcoin.com/immutable-raises-200-million-in-temasek-led-series-c-nft-startup-now-valued-at-2-5-billion/ From] [[Bitcoin.com]] (9-3-2022):
+''"Raised $200 million in a Series C financing round led by [[Temasek]]. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio."''
 * Raised [https://twitter.com/TheBlock__/status/1437782531861004297 $60m] in a Series B round (14-9-2021).
@@ Line 114: / Line 118: @@
 Making these free wiki pages is fun but takes a lot of effort and time.
-If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
+If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.
 [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31