Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

AxLabs launches new X Broadcast series “Talk is Cheap”

18/09/2025

Futu Securities Brings Solana Retail Trading to Hong Kong

18/09/2025

Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

18/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Foundation unveils $2M challenge to secure Fusaka upgrade

    18/09/2025

    Ethereum (ETH) Price Prediction For September 17

    18/09/2025

    Ethereum Price Slips as $1,200,000,000 ETH in Sell Volume Hits Market

    18/09/2025

    Ethereum ETFs reclaim inflow streak as ETH price holds $4,500

    18/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    AxLabs launches new X Broadcast series “Talk is Cheap”

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

    18/09/2025

    Ethereum Foundation unveils $2M challenge to secure Fusaka upgrade

    18/09/2025
  • Blockchain

    AxLabs launches new X Broadcast series “Talk is Cheap”

    18/09/2025

    Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

    18/09/2025

    SAB Chainlink Deal Brings Blockchain to Saudi Banking

    18/09/2025

    Why We Need to Reimagine Proof-of-stake Validators in 2025

    18/09/2025

    Is Charles Hoskinson Visiting India Soon? India’s Police Forensics Go Blockchain With Cardano

    18/09/2025
  • DeFi

    Welf Finance Taps Orochi Network For Secure and Decentralized Web3 Finance

    17/09/2025

    The real divide in finance isn’t TradFi vs DeFi, it’s control vs coordination

    17/09/2025

    Aave gears up for Aave V4 launch, bringing unified cross-chain liquidity to DeFi

    17/09/2025

    Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes

    17/09/2025

    Managed DeFi Yield Provider Tesseract Secures MiCA License

    17/09/2025
  • Metaverse

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Trump Media Tests ‘Truth Search’ Using Perplexity AI

    17/09/2025

    CZ says stablecoins have defeated CBDCs globally, how come?

    16/09/2025

    Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation

    16/09/2025

    South Korean Tech Giant Unveils Bold Crypto

    16/09/2025

    New ETF Filings Hint at Broader Crypto Product Boom Ahead

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    Circle Enables AI Agents to Pay for Online Services Using USDC

    18/09/2025

    Based Launches Zero-Fee Launchpad ‘Basedpad’ on Hyperliquid

    18/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    AxLabs launches new X Broadcast series “Talk is Cheap”

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

    18/09/2025

    Ethereum Foundation unveils $2M challenge to secure Fusaka upgrade

    18/09/2025
  • MarketCap
NBTC News
Home»NFT»Understanding the power of IMX in NFTs
NFT

Understanding the power of IMX in NFTs

NBTCBy NBTC15/02/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Since the launch of the first NFTs, they have gradually gained popularity not only among crypto investors but also among artists, celebrities, and people from all walks of life.

But popularity brought some challenges. Scalability and transaction costs quickly became major headaches, especially on Ethereum, the go-to network for NFTs. The Layer 2 model changed the game by addressing these pain points, making transactions seamless and efficient.

This is the same model that powers Immutable X, a leading blockchain platform for GameFi projects and NFT collections. Let’s take a deeper look at how this project works.

Table of Contents

  • What is Immutable X and how does it work?
  • What is Immutable X cryptocurrency?
  • What is Immutable X used for?
  • Immutable X price history and future trends

What is Immutable X and how does it work?

Immutable X is a Layer 2 solution designed to fix Ethereum’s biggest NFT problem: high gas fees. By adding an extra layer to process transactions more efficiently, Immutable X makes NFT trading and development faster, cheaper, and more accessible for everyone.

The project started in 2018, founded by James and Robbie Ferguson along with Alex Connolly, working together with StarkWare.

So, how does Immutable X work? It harnesses ZK-STARK technology to batch transactions efficiently while keeping all data completely private. This helps reduce blockchain congestion, boost security, and process up to 9,000 transactions per second — all while keeping gas fees low.

What is Immutable X cryptocurrency?

Immutable X (IMX) is the utility token of the Immutable X platform, core to how it works and its overall ecosystem.

As an ERC-20 utility and governance token with a total supply of 2 billion, IMX serves a lot of purposes within the network. It is used to pay for transaction fees, making sure everything runs smooth and well on the platform. IMX is also key in staking, letting token holders help keep the network safe and get rewards.

Additionally, the token enables governance, giving users the ability to vote on platform decisions, and acts as an incentive for users to engage with the platform.

What is Immutable X used for?

Let’s go into more detail on the use cases of the Immutable X cryptocurrency:

  • 20% of network fees are paid in Immutable X (IMX), but users don’t need to hold the token themselves. The network automatically converts part of the payment into IMX to cover the required fee.
  • All the IMX collected from fees is sent into a staking rewards pool. If you’re actively staking your tokens, you’ll receive daily rewards. To qualify, you need to have voted on a governance proposal or made a trade within the last 30 days and hold your IMX tokens either on L1 or L2.
  • IMX cryptocurrency holders get a say in how the platform evolves. You can vote on decisions like adjusting the token supply, distributing reserves, or funding developers. To cast a vote, you just need to hold a certain number of IMX tokens — what that number is, though, is up to the community.

Immutable X price history and future trends

The IMX token was launched in early November 2021, and just a few weeks later, it hit an all-time high of $9.50 on November 25. After reaching its ATH, token’s price started to drop steadily, eventually falling back to where it started. As of February 2025, the token is priced at about $0.79, which means its value has barely changed since it was first launched, showing zero growth.

The future of IMX will depend on a few key factors: how widely Immutable X’s layer-2 solution is adopted, the growth of the NFT and gaming markets, and the overall mood in the cryptocurrency world. If its platform becomes more popular as a go-to option for faster and cheaper transactions in the NFT space, it could see growth.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

200+ Digital Artists Redefine Blockchain Creativity

18/09/2025

LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

16/09/2025

American Express Introduces Blockchain-Based ‘Travel Stamps’

15/09/2025

NFT sales show modest recovery, Pudgy Penguins jump 110%

14/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

AxLabs launches new X Broadcast series “Talk is Cheap”

18/09/2025

Futu Securities Brings Solana Retail Trading to Hong Kong

18/09/2025

Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

18/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.