Immutable (IMX) is a layer-two scalingi solution for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. It aims to address the limitations of Ethereum, such as low scalability and high transaction costs, by aiming to provide instant trading, massive scalability, and zero gas fees for minting and trading NFTs. Immutable is built with STARK zk-rollups, a technology that aims to enhance the scalability of Ethereum. This technology allows users to create and distribute assets like ERC-20 and ERC-721 tokens on a large scale. The IMX token, the native utility token of the Immutable protocols, is used for fees, staking, and governance within the network.

Immutable operates using STARK zk-rollups, a technology that aims to enhance the scalability of Ethereum. This technology allows users to create and distribute assets like ERC-20 and ERC-721 tokens on a large scale. The protocol also provides an intermediate layer called the "Link," which enables an NFT-specific wallet experience and allows Immutable X to support a third-party marketplace ecosystem without security risks. With its shared global order book facilitating protocol liquidity, NFT marketplaces can be built on Immutable X without a backend. This means third-party marketplace solutions can co-exist with the protocol’s native marketplace.

Immutable strives to provide a platform for the creation and trading of NFTs on a large scale. It strives to provide a high-quality experience for users and developers alike. The protocol's native utility token, IMX, is used for fees, staking, and governance within the network. This means that users can stake IMX to receive a proportional share of the network’s fees and vote on governance proposals. Immutable also aims to lower the barriers of entry for content creators and smaller developers, making it easier for them to create and distribute assets.

Immutable was founded by James Ferguson and Robbie Ferguson, both Forbes 30 Under 30 entrepreneurs. The team consists of more than 100 members from different backgrounds like blockchain, FAANG, finance, fintech, and management consulting. The project received support from various investors. Immutable X, a layer-two solution that utilizes zk-rollups and focuses on NFTs, is a part of the project.

IMX Trading Incentives are a program designed to encourage activity on the ImmutableX platform. This program allows users to receive IMX tokens as non-monetary incentives, the native utility and governance token of the Immutable protocols, based on their daily activity volume. The process involves a points-based system where users accumulate points based on their daily activity volume. These points are then associated with IMX tokens. User activity is associated with points, which are then associated with IMX tokens as non-monetary incentives. The program seeks to foster network effects and platform engagement while providing early adopters with a stake in the platform. It's important to note that there are certain eligibility criteria to participate in this program, such as participating with a minimum daily activity level and activity within the ImmutableX protocol. The incentives are determined daily and allocated cumulatively each week.

Immutable X strives to offer potential improvements in NFT trading by addressing key challenges such as scalability, transaction speed, cost, liquidity, and environmental impact. It uses a technology called Zero-Knowledge Rollup, which allows it to process up to 9,000 transactions per second, higher than the current capacity of Ethereum. This technology also enables instant trade confirmation and near-zero gas fees for minting and trading NFTs. Immutable X provides a shared global order book that strives to potentially improve liquidity and trading volume. It also provides a REST API interface, allowing developers to build and launch applications in a familiar format. Lastly, Immutable X strives to maintain a carbon-neutral operation, offsetting all of its emissions, which addresses the environmental concerns associated with blockchain technology.

Immutable X employs a security model that leverages the security of the Ethereum blockchain while addressing its scalability issues. It uses a layer-2 scaling solution known as a zk-rollup, which is a batch-processing method. This method aggregates multiple operations into a single proof, which is then posted to the Ethereum network. This proof verifies the validity of all transactions in the batch, ensuring their security. Immutable X's zk-rollup design uses STARK proofs, which are post-quantum secure and do not require a trusted setup. This means that even if Immutable X's systems were fully compromised, invalid transactions could not be inserted into the rollup, nor could assets be stolen. Immutable X uses a 'Data Availability Committee' to ensure data remains accessible even if Immutable X is offline or malicious. This committee, made up of participating ecosystem companies, signs each batch to prove they have the necessary data. This approach is intended to strive for a high level of security while enabling scalability and transactions that seek to minimize gas fees.

Immutable X utilizes Zero-Knowledge Rollup (ZK-rollup) technology, powered by StarkWare. This technology amalgamates multiple transactions into a single zero-knowledge proof, also known as the zk-STARK proof, on the Immutable network before securely transferring them as a single entity onto the Ethereum blockchain. Smart contracts then validate the proof, preserving transaction details at this layer. This process aims to provide near-instant confirmation, with the intention of maintaining lower gas fees. Moreover, Immutable X includes REST APIs and software development kits (SDKs) for developers, with the aim of facilitating blockchain interactions. Immutable X also incorporates Ethereum's Virtual Machine (EVM) functionality through another layer-2 solution, Immutable zkEVM, powered by Polygon. This functionality is intended to enable developers to initiate smart contracts on Ethereum's layer-1 chain and then register them on Immutable.

IMX, the native utility token of the Immutable protocols, serves as a governance token. It allows holders to participate in key decisions that shape the protocol's future. This is in line with the common decentralized governance structure, where the voting power of each individual is determined by the number of tokens they hold. IMX token holders have the ability to vote on proposals related to the token, including the allocation of token reserves, the provision of developer grants, the initiation of non-monetary incentives, and changes in the token supply. This governance feature aims to cultivate a cooperative community of gamers, developers, and studios, all striving to contribute to the evolution of the crypto space.