NFTs on Immutable (IMX): All You Need To Know About IMX NFTs

NFTs aka Non-Fungible Tokens are expensive to trade, as every transaction on the blockchains costs money aka Gas Fees.

But that’s not the case with blockchains like Polygon or Solona.

Or even Immutable X, a scaling solution for NFTs that aims to enable near-instant, low-fee transactions, built specifically for the Ethereum Blockchain.

Immutable X has been a very good host to NFTs.

According to DappRadar, the NFTs on Immutable X have done a total volume of 700M (*till Feb 2024).

That’s not it! They have a huge ecosystem of builders, hence the users.

Ok, let’s start with…

What is Immutable?

Immutable is a game development platform offering simple end-to-end Web3 solutions. Their mission is to make it easy for builders to build Web3 games that are ready for mainstream adoption.

Just so you know, they have over 1 million players and $2 billion in investor funding for games building on Immutable.

Now, what does this have to with NFTs??

NFTs are the heart of Web3 gaming.

Once you have a game with NFT integration, players can easily buy, sell or trade their in-game assets.

And they can truly own their assets (by storing them in their wallets).

Immutable X, a rollup based on StarkWare technology (to scale Ethereum) has the ability to process 9000 transactions per second (TPS) and supports ERC-721 and ERC-20 token standards.

Benefits of Immutable X

Instant Trades:

You can buy, sell, or swap NFTs super quickly, without waiting for slow blockchain transactions.

No Gas Fees:

Forget about paying extra fees for transactions. Immutable X lets you trade without worrying about those costs.

Handles Lots of Transactions:

It can process a ton of transactions at once, way more than the regular Ethereum network. That means it’s great for big games and apps.

Eco-Friendly NFTs:

Concerned about the environment? Immutable X makes sure the NFTs you trade are carbon-neutral, which is good for the planet.

Top-Notch Security:

Your NFTs are safe and sound thanks to high-tech security features.

Works with Everything Ethereum:

Because it’s built on Ethereum, it plays nicely with all the other Ethereum stuff out there.

Easy to Use:

Whether you’re new to NFTs or a pro, Immutable X’s setup is straightforward and user-friendly.

Connects to Major Marketplaces:

You get access to a wide range of NFTs through partnerships with big marketplaces.

Special Features for Gamers and Developers:

Features like a built-in wallet, a global order book, and tools for developers make it extra appealing for gamers and creators.

How To Buy or Sell Immutable X NFTs

Immutable has a marketplace where you can trade NFTs.

Note that to trade any NFTs, you need to have a Metamask wallet, and then you need to have $ETH (Ethereum Cryptocurrency) and move that $ETH to Immutable.

Let’s see how we can do that. Start by connecting your wallet in the marketplace.

And make sure to follow all the authentication steps, till you see the wallet is fully connected. Like this:

Now, once you have the NFT that you want to buy, you can click on Buy Now. Note that we didn’t move any ETH here, the wallet popup says “Funds Required”.

You can either buy the currency directly here via Credit Card or transfer the ETH from L1.

If you don’t have enough ETH even in L1, you might as well use the credit card option.

Once you get enough $ETH and make the purchase, you can see the NFTs in the assets section.

Conclusion

Immutable X revolutionizes NFT trading by offering instant transactions, zero gas fees, and robust scalability, making it a top choice for both creators and collectors.

Trust me, Immutable is only getting started when it comes to providing a user-friendly experience that simplifies the buying and selling process for everyone involved.

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