Today, we will introduce you to the Immutable X premise solution, a Layer-2 blockchain built for NFTs and quick-and-cheap transaction settlement. Technology is continually advancing, and computer algorithms are becoming smarter than ever before. Every sector in the world is currently using artificial intelligence (AI) to improve its working structure. Many of us have probably encountered the high gas fees and slow transactions on the Layer-1 blockchain, particularly Ethereum. What is Immutable X (IMX)? Immutable X, abbreviated as IMX, is an Ethereum-based Layer-2 protocol built for trading NFTs. The platform also addresses common concerns with Ethereum-based transactions by providing rapid trade confirmation without a gas tax. Additionally, Immutable X (IMX) is an open-source platform allowing developers and the tech-savvy to thoroughly and simply create games and apps on the Ethereum network. At the same time, the platform touts its excellent security and ease of use for NFT trading. Immutable X’s Development Team CEO – James Ferguson James has been the CEO of Immutable since 2018. He graduated from the University of Sydney with a Bachelor of Laws and a Bachelor of Commerce. He was previously the CEO and co-founder of Shopyak and Rivlr. Co-founder and President – Robbie Ferguson Robbie also received his bachelor’s degree in computer science and law from the University of Sydney. He previously worked for the Thiel Foundation a...
