ImmutableX was designed as a layer-2 scaling solution for NFTs on the Ethereum network. Using a technology known as zk-rollups, ImmutableX has eliminated gas fees for creating and trading NFTs, while increasing transaction speed and capacity and also professing to be carbon neutral.
IMX is the utility token of the ImmutableX network, used for network fees and staking, as well as allowing holders to take part in decisions about the protocol and fee structures.
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