The popular Mintable non-fungible token (NFT) marketplace has integrated the Layer 2 scaling platform, Immutable X, for faster, cheaper token minting.
Immutable X will overcome some of the scaling and cost limitations for NFT traders on the Mintable marketplace, according to the December 13 announcement.
It added that all existing and future Layer 2 projects will be accessible on Mintable following the integration. Furthermore, this will allow its 10 million monthly visitors to trade more than 24 million NFTs for zero gas fees, it claimed.
1/🚀We're thrilled to partner up with @Immutable X – the 1st & leading Layer 2 for #NFTs on Ethereum! All NFTs on Immutable X are now available for trade on https://t.co/NJ1lSPqL1Q!
✅ Zero gas fees✅Instant secure trades✅100% carbon neutral.
👉Details: https://t.co/TQh7Cggq2z
— Mintable (@mintable_app) December 13, 2021
Carbon Neutral NFTs on Mintable
Immutable X touts itself as the first carbon-neutral NFT scaling solution provider. Additionally, it boasts upwards of 9,000 transactions per second.
The protocol makes sure that any NFT activity is completely carbon neutral. It does this by buying carbon credits to offset any gas consumed on Ethereum.
Immutable X is powered by StarkWare, which uses ZK-rollups to scale Ethereum while maintaining its security. Currently, Ethereum gas fees are still painfully high for most retail consumers. According to Bitinfocharts, the average transaction fee on Ethereum Layer 1 is around $25. Furthermore, more complex tasks such as smart contract interactions or NFT minting will cost more in gas.
Mintable can now offer gas-free minting and trading for ERC-721 NFTs. It also provides batch minting, royalties, and credit card purchases for users.
Chief operating officer at Mintable, Jiawen Ngeow, stated that accessibility has always been at the heart of what the platform does. Immutable X co-founder Robbie Ferguson commented:
“We want to be everywhere NFT fans are and Mintable’s dedication to break new ground in empowering audiences with smart contracts is mind-blowing.”
Mintable has sold and auctioned NFTs by Grammy Award-winning artists and several high-profile celebrities. Billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban, invested in Mintable in March.
IMX Price Update
The native token for Immutable X, IMX, has made around 2% on the day. According to CoinGecko, it is trading at $4.82 at the time of writing.
IMX has been hit hard during the crypto market correction, having dumped 40% over the past fortnight. The token is currently down 49% from its November 26 all-time high of $9.52.
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