The information about the Immutable (IMX) token is as follows: Immutable X (IMX) is a native ERC-20 utility and governance token launched on the Ethereum blockchain as part of the Immutable X ecosystem, which is Ethereum’s first layer-2 scaling solution designed specifically for non-fungible tokens (NFTs). Founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, Immutable X aims to enhance the scalability and user experience of NFT transactions on Ethereum by leveraging StarkWare’s zero-knowledge rollup (ZK-rollup) technology. This technology enables gas-free minting and trading of NFTs, instant transaction confirmations, and the ability to process up to 9,000 transactions per second, all while maintaining the security and decentralization of the Ethereum mainnet.

The IMX token serves three primary functions within the Immutable X ecosystem: fees, staking, and governance. For fees, 20% of all transaction fees on the protocol must be paid in IMX, with the system automatically swapping other currencies (like ETH) for IMX if a user lacks the token, ensuring a seamless experience. In staking, IMX tokens used for fees are sent to a rewards pool, which is then distributed proportionally to users who stake their IMX, incentivizing participation. For governance, IMX holders can vote on key protocol decisions, such as ecosystem development grants and token reserve allocations, with voting power proportional to the amount of IMX held. The total supply of IMX is capped at 2 billion tokens, with allocations including approximately 51.74% for ecosystem development (user rewards, developer grants, liquidity provision, and marketing), 25% for project development, 14.26% for private sales, 5% for public sales, and 4% to the Digital Worlds Foundation for initiatives like liquidity provision.

Immutable X focuses heavily on NFTs and blockchain gaming, positioning itself as a platform to power the next generation of Web3 games. It offers developers tools like REST APIs and SDKs to simplify NFT creation and integration, alongside a global order book that enhances NFT liquidity by allowing trades across multiple marketplaces built on the platform. Notable partnerships include GameStop, which collaborated with Immutable X in February 2022 to launch an NFT marketplace, and high-profile investors like Coinbase, Tencent, and Animoca Brands have backed the project. Additionally, Immutable X emphasizes sustainability, claiming 100% carbon neutrality for NFT transactions, achieved through ZK-rollup efficiency and carbon offset commitments. The ecosystem has grown to support popular games like Gods Unchained and has attracted titles such as Ember Sword and Illuvium, further solidifying its role in the blockchain gaming space.

Information compiled from posts on X and various web sources highlights Immutable X’s mission to address Ethereum’s limitations—such as high gas fees and low scalability—while providing a secure, scalable, and user-friendly environment for NFTs and decentralized applications. The IMX token is integral to this vision, driving adoption and rewarding community participation in a protocol designed to bridge security and performance for the future of digital assets.