Immutable (IMX)
- Official Website: immutable.com
- Definition: Immutable is a Layer 2 scaling solution for Ethereum, focused on NFTs and gaming.
- Category: Layer 2 chain, Token.
- What It Is: A platform for building and trading NFTs with low fees and high scalability.
- Function: Enables fast, low-cost NFT transactions and gaming applications.
- Analogy: Think of Immutable as a digital art gallery. It’s designed for showcasing and trading NFTs efficiently.
- Pros: Scalability, low fees, strong focus on NFTs and gaming.
- Cons: Competition from other Layer 2 solutions, reliance on Ethereum.
- Controversies: Centralization concerns, regulatory risks.
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This page was last updated on January 28, 2025.
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