๐ฅ Immutable is the first L2 scaling solution for NFTs on Ethereum
This allows for gasless minting & trading of NFTs without compromising on user asset security ๐
A crucial component in the realm of web3 gaming that needs scalability & the infrastructure to support it ๐
๐ It's built to handle high transaction throughput & ensure the integrity of data on the network
This allows Immutable to process a staggering number of transactions while maintaining the highest level of security
โWhy Immutable?
- Scalability: Immutable's architecture enables it to handle an impressive volume of 7000 TPS with the help of ZK rollups, ensuring smooth & efficient operations for Dapps
Immutable is 600x more efficient than Ethereum while being 100% carbon-neutral โป๏ธ!
- Low Latency: Transactions are confirmed at near-instantaneous speeds, opening up a world of possibilities for real-time applications & use cases!
- Immutability: Once data is recorded on the blockchain, it remains unalterable & tamper-proof, providing trust and reliability!
- Low Fees: The network's cost-effective model ensures developers' & users' affordability
- Robust Security: Immutable employs cutting-edge cryptographic techniques to safeguard the network against malicious attacks & ensure data integrity while being Developer-Friendly
๐ In 2018, the foundations of Immutable were laid by @0xferg, @0xConnolly & James Ferguson determined to revolutionize blockchain technology!
The platform was conceived with a focus on speed, security, and immutability, setting the stage for its groundbreaking journey.
๐กIn 2019, Immutable introduced its flagship product, Immutable X, a layer-2 scaling solution for Ethereum
Immutable X aimed to address Ethereum's scalability challenges by enabling fast & cost-effective transactions while retaining the security & decentralization of the network
๐ In 2020, Immutable X was officially launched
In 2021, Immutable X made significant strides in the gaming sector!
The platform partnered with @Ubisoft and @StarkWareLtd, a leading layer-2 scaling solution provider.
๐ In 2022, NFTs exploded in popularity, and Immutable X became a preferred platform for NFT creators & collectors!
Notable projects like @GodsUnchained, the highly acclaimed blockchain-based trading card game, migrated to Immutable X!
๐ฐ In March 2022, @Immutable raised over $200M in Series C financing led by @Temasek, with investments from @animocabrands & @TencentGames, bringing its valuation to $2.5 billion!
๐Chainlink is a decentralized blockchain oracle network built on @ethereum.
The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.
๐ค Founded in 2014 by @SergeyNazarov, Steve Ellis, Craig Siel, and @Adam_Ha_Yes to provide a way for smart contracts on blockchains to access data from external sources, called oracles.
@chainlink provides a secure & decentralized way to source this data.