Since the launch of the first NFTs, they have gradually gained popularity, not only in crypto investors, but also with artists, celebrities and people from all layers of life.
But popularity brought some challenges. Scalability and transaction costs quickly became important headaches, especially on Ethereum, the go-to network for NFTs. The Layer 2 model has changed the game by tackling these pain points, making transactions seamless and efficient.
This is the same model that is unchanging X, a leading blockchain platform for Gamefi projects and NFT collections. Let us look at a deeper how this project works.
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What is unchangeable x and how does it work?
Immutable X is a Layer 2 solution that is designed to solve the largest NFT problem in Ethereum: high gas costs. By adding an extra layer to process transactions more efficiently, invariably X NFT -trade and development makes faster, cheaper and more accessible to everyone.
The project started in 2018, founded by James and Robbie Ferguson together with Alex Connolly, together with Starware.
So how does it unchangeable X? It uses ZK-Stark technology to batch transactions efficiently and to keep all data completely private. This helps to reduce blockchain congestion, stimulating security and processing up to 9,000 transactions per second – while keeping gas costs low.
What is invariably x cryptocurrency?
Immutable X (IMX) is the usefulness of the unchanging X platform, core of how it works and the general ecosystem.
As an ERC-20 tool and governance token with a total stock of 2 billion, IMX serves many goals within the network. It is used to pay for transaction costs, so that everything runs smoothly and well on the platform. IMX is also important in setting up, so that token holders can help the network to keep safe and get rewards.
In addition, the Token Governance makes possible, giving users the opportunity to vote on platform decisions and acts as an incentive for users to get in touch with the platform.
What is used invariably X for?
Let’s go more in detail about the usage scenarios of the unchanging x cryptocurrency:
- 20% of the network costs are paid in unchanging X (IMX), but users do not have to keep the token themselves. The network automatically converts part of the payment to IMX to cover the required reimbursement.
- All IMX collected from reimbursements is sent in a strike reward pool. If you actively set up your tokens, you will receive daily rewards. To be eligible, you must have voted for a management proposal or have done a trade in the past 30 days and keep your IMX tokens on L1 or L2.
- IMX Cryptocurrency holders get a say in how the platform evolves. You can vote on decisions such as adjusting the token stock, distributing reserves or financing of developers. However, to bring a mood, you only have to hold a certain number of IMX tokens – what that number is, however, is up to the community.
Invariable x price history and future trends
The IMX token was launched at the beginning of November 2021 and only a few weeks later it reached a record height of $ 9.50 on November 25. After reaching his ATH, the price of token started to fall steadily and finally fall back to where it started. From February 2025, token costs around $ 0.79, which means that its value has hardly changed since it was first launched, which shows zero growth.
The future of IMX will depend on a few important factors: how broadly unchangeable X’s Layer-2 solution is assumed, the growth of the NFT and Gaming markets and the general mood in the cryptocurrency world. If his platform becomes more popular as a go-to option for faster and cheaper transactions in the NFT room, it can see growth.
