With the future of NFTs looking bright, Mintable wants to be the marketplace to power accessible, easy, and inexpensive NFTs for the masses.
One of the big steps we’re taking to make that revolution a reality is by partnering up with Immutable X, a leader in providing Layer 2 solutions for NFTs.
What can Immutable X do for NFTs?
Built on the robust Ethereum Network, Immutable X is a layer 2 protocol for providing security, liquidity, and scalability when buying and trading NFTs. It leverages the power and security of the Ethereum blockchain to give users faster transactions, massive scalability (9,000 transactions per second), and zero gas fees – without ever compromising user ownership.
How does Immutable X work?
Immutable X works by employing a ZK rollup which allows transactions to be processed off-chain, thus increasing transaction speeds and reducing gas.
The Immutable X website explains:
“we take thousands of off-chain trades, generate a proof that these trades were all valid (i.e. the users who owned the assets signed the trades), and then publish that proof on chain, where it is verified by a smart contract. During this process, the on-chain user assets are held in the smart contract, and can only be released after a valid proof including them has been published in a batch.”
What this means essentially is that a ZK rollup allows for multiple transactions to be bundled up into a single transaction. This is then sent out and minted at a fixed gas cost. The total transaction is then deconstructed by smart contracts in order to verify each individual transaction.
Perks of Immutable X
Because of the ZK rollup, users of Immutable X do not have to pay any gas fees to trade NFTs – the biggest draw for any marketplace, creator or collector.
Other than paying zero gas fees, users do not need to go through complicated steps when they join Immutable X. It is an easy process that allows you to use your existing digital wallet. The same Metamask wallet that is connected to your Mintable account can also be connected on Immutable X. The private key generated can also be from that wallet.
This ultimately allows for massive scalability on the blockchain, without taking away from overall security or decentralization.
Read more about Layer 2 here.
Is Immutable X safe?
Immutable X is a layer 2 protocol built on the Ethereum blockchain – the most secure and decentralized blockchain with the best developers and community. Immutable X is a solution that layers on top of Ethereum, thus maintaining all the security and benefits that it provides as well. It is not a sidechain hence has no custodial risk – every NFT minted is stored on the mainnet where users get to keep their private keys.
Immutable X and Mintable
Users on Immutable X get to enjoy all the benefits it provides to marketplaces like Mintable when it comes to buying, selling, and creating NFTs:
- Zero gas fees
- Instant transactions
- Easy set up
- 100% carbon neutral NFTs
- Keep your private key
- Secured by the Ethereum blockchain
- Decentralized Layer 2
- Scalability of up to 9,000 transactions per second
Connect with Immutable X now.
Shop from millions of gasless NFTs on mintable.app.