ImmutableX Review by Jesse

Bitcoin goes down, Altcoins go up! This is the way… Some great projects returned solid gains for those diversifying their portfolio. With The Sandbox, Crypto.com, Elrond, and Link gaining 50%+ returns this week it’s nice to see some actual working products moving closer to the front. One that fell just shy of this week’s top earners with slightly less than 50% returns is the topic of today’s discussion with the new NFT Marketplace Immutable X.

Introduction

Immutable X is the first layer two scaling solution for NFTs on Ethereum to enable instant trading, massive scalability. zero gas fees for minting or trading, and without compromising a user or asset security. Immutable X is the most technically advanced solution developed with StarkWare’s powerful STARK prover and rollup technology. Immutable believes NFT users and developers shouldn’t have to choose between the security and network effects of Ethereum or creating a world-class experience for their users. Immutable X enables projects to build on Ethereum with a better developer and user experience. One of the key advantages of Immutable X is that assets can be minted entirely in layer two while retaining the security of layer one. Unlike other NFT scaling solutions, Immutable X provides a shared global order book to facilitate protocol liquidity. This means that orders created on one marketplace can be filled on another to promote more effective marketplace bootstrapping and price discovery. Allowing NFT marketplaces to be built on Immutable X without requiring any backend services. Immutable X will offer a platform that is fully compliant and capable of being the trusted partner of institutional projects, in order to retain them on Ethereum and scale to the next step.

Immutable X is built with some fairly simple core elements behind it.