The metaverse is Unbanked Newsletter For a weekly level up on the NFT and on-chain frontier
Dear unbanked people,
Some cryptocurrency gaming ecosystems are shaping up to be huge.
ronin and parallel Like Immutable, it emerges as a contender.
That said, I last covered Immutable. March 2023And a lot has changed since then, with the Immutable gaming scene recently heating up like never before.
In today’s post, we’ll take a quick look at the Immutable stack and ecosystem and see how you can dive into it!
-WMP
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Immutable is a gaming technology stack on Ethereum’s Layer 2 (L2) scaling scene. This stack currently boasts two major L2s:
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❎ immutable — It is an NFT-friendly “validium” built through StarkWare technology, currently the 9th largest by L2. Total value fixed at $314 million (TVL). Originally released solution April 2021Although it lacks typical smart contracts, it supports nearly instantaneous, gas-less transactions..
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⚡️ immutable zkEVM — The new gaming-focused zk-rollup L2, compatible with the Ethereum Virtual Machine (EVM), is being developed in collaboration with Polygon to support advanced gameplay mechanics through smart contracts. Immutable zkEVM Early Access Release January 2024.
In the future, we plan to have Immutable that much immutable passport and global order book The system, detailed in the sections below, is responsible for integrating assets and liquidity across these L2s.
The Immutable team has developed a series of core products to enhance the player experience around L2. It includes two main pillars:
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🏪 global order book — A digital asset liquidity system that addresses UX fragmentation by connecting wallets, marketplaces, and chains across the Immutable ecosystem for seamless trading, listing, and royalty execution..
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🪪 an immutable passport — A gaming wallet solution designed to simplify Web3 interactions. Streamline user onboarding with one-click passwordless social login and automated wallet creation. It also integrates with the popular Unity and Unreal SDKs to enable seamless crypto interactions within games..
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$IMXCurrently trading at around $3.40 and up 233% over the past year, is the native token of the Immutable ecosystem.
For every transaction made through Immutable, 20% of the 2% protocol fee must be paid in $IMX. If the user does not have $IMX, the commission will be automatically converted when purchasing $IMX on the open market.
All $IMX fees are pooled into Immutable’s “Staking Rewards Pool”, and by staking $IMX, users can earn rewards from this pool. $IMX will also serve as a governance token, allowing users to vote on the future development and expansion of the Immutable Network.
If you are interested in staking IMX to take advantage of the growth of the Immutable ecosystem, the process is simple.
after you do Got some IMX.First you should visit: IMX Staking Hub Then click “Connect Wallet” to connect your Ethereum wallet with the Immutable X wallet. Then, once you have deposited some IMX into your Immutable wallet, you are ready to return to the IMX Staking Hub interface, which looks like this:
At this point, enter the IMX amount you wish to stake in the UI, press “Stake” and confirm the deposit transaction with your wallet. First, there are two important things to keep in mind before you start diving.
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IMX staking occurs over two-week “epoch” cycles, so you receive rewards at the end of each cycle. Additionally, if you unlock stakes through this UI, you will receive your funds after the current cycle..
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To receive IMX staking rewards, you must trade at least one NFT per era through the Immutable Global Orderbook. Some marketplaces that support this order form include: unchanging market, Laribleand great.
The Immutable gaming ecosystem is blossoming. It boasts some of the most well-known titles in cryptocurrency-based gaming, including: illubium and Free from the chains of the godsSupports over 200 stable games in development. Check out the full list of games built on Immutable here..
Immutable is also increasingly being adopted by mainstream gaming giants such as: Ubisoft and tapnation, suggesting the possibility of a future breakthrough. For some 70% of major game studios By investing in Web3 gaming projects, Immutable’s stack appears to be well-positioned to forge more mainstream partnerships in the coming months.
If you’re interested in testing out the world of Immutable games, the recent Epic Games store is a good place to start. We have relaxed our content policy. Allows blockchain gaming. illubium and Free from the chains of the gods Already registered with Epic Games More Immutable titles coming soonSo not only is it simple to play here, it sends a signal to Epic that there is real demand for more web3 game support.
Now Live with Immutable zkEVM Free gas until September 2024 For Immutable Passport holders, now is a great time for Immutable newcomers to set up their Passport.
To start here immutable.com/gamers/passport Then click the ‘Passport Membership Registration’ button. In the next pop-up, log in with your email or Google or Apple account. Then click “Yes” to authorize Immutable to request the transaction.
then again immutable passport page, click the “Sign in” option to log in to your Passport account and that’s it! At this point, you’re ready to take advantage of the rise of the Immutable ecosystem as more games come online.
This year, Immutable We are aiming to launch AppChain. Introducing Immutable zkEVM for game studios looking to customize their own scaling solutions. I’m assuming this App Chain feature will launch in Q3 or Q4, so stay tuned for that as it could grow the Immutable ecosystem to new heights.
Aside from that, another big thing to keep an eye out for in the near future is a new game being released by Immutable. Illuvium Overworld, Capsule Heroesand pixelmon. There are so many titles lined up for release, so expect to hear more here soon!
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It is not financial or tax advice. This newsletter is strictly educational and does not constitute investment advice, a solicitation to buy or sell any asset, or a solicitation to make any financial decisions. This newsletter does not constitute tax advice. Consult your accountant. Do your own research.
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