Immutable X NFT marketplace Review / Part-1
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I hope everyone is well. I am also very well by the grace of God. Today I am going to share a new post with you. Hope everyone will like it.
I mainly love to post about cryptocurrency and NFT. So I will again discuss with you an NFT marketplace. Because NFT marketplaces are gaining popularity day by day. So I thought to discuss with you about the latest NFT marketplace. The one marketplace I will discuss today, the NFT marketplace, has a rich history of development. So let's start.
Today I will discuss Immutable X Marketplace. This NFT marketplace is currently ranked number three. Which is very competitive. Its user news is increasing day by day and users are impressed by the beauty of their community.
The Immutable X Marketplace is powered by the Etherium blockchain. Then they have their own token and blockchain. Their coin name is IMX.
| Total supply | 1,000,000 |
|---|---|
| Soft Cap | TBA |
| ICO Price | $7.5 |
| Personal cap | 100USDT-10000USDT |
| Access | public |
Ethereum can handle about 30 transactions per second. Ethereum network utilization has reached an all-time high. NFTs entered the mainstream in 2021, but Ethereum was not ready to handle this volume. As network congestion increases, the cost of transaction fees increases. Also known as gas fee. Sometimes, a $50 NFT will cost a user $200 in transaction fees.
While this negatively impacted all network users, it was particularly troublesome for those in the blockchain gaming ecosystem, who rely on continuous on-chain micro-transactions for smooth gameplay. With Ethereum's scalability issues, there was a dire need for an NFT marketplace with low fees and lightning-fast transactions.
This marketplace is the first gas-free NFT marketplace on the Ethereum blockchain. Powered by their layer two scaling infrastructure. Gamers on this marketplace enjoy up to 9,000 gas-free transactions per second. Which is very profitable for businessmen. That's why traders are buying this NFT marketplace day by day. The marketplace is home to a number of notable blockchain gaming title assets, including Illuvium, Gods Unchained, , Guild of Guardians, Ember Sword, and PlanetQuest. Hopefully, as time goes on, better companies will also share NFT with them.
A complete review of the NFT marketplace would be huge. So you may have difficulty. So I will share this NFT marketplace with you through few parts. So friends, I am ending here as of today. Everyone stay well stay healthy and take care of yourself.
I am Md. Ebrahim Islam Nahid. Everyone calls me Nahid. I am Bangladeshi. I am an Electrical Engineer. I love reading books, writing and creating new things. I try to express myself and evaluate the opinions of others.
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