Unchained Unconfirmed: This Layer 2 Solution Processed More NFT Trades in 24 Hours Than Ethereum Did in 1 Week - Ep.231
Apr 23, 2021
Robbie Ferguson, co-founder and president of Immutable, dives deep into the transformative power of Immutable X, a layer 2 solution tackling scalability for NFTs on Ethereum. He explains how this innovation solves high gas fees and enhances transaction speed in gaming. Ferguson also discusses the integration of ZK-rollups versus fraud proofs, the growing importance of liquidity for NFTs, and Immutable's unique business model. Plus, he shares why building on Ethereum is crucial for the future of NFT gaming.
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ImmutableX Goals
- ImmutableX aims to solve high gas fees for NFTs on Ethereum.
- It prioritizes a secure, scalable solution that leverages Ethereum's network effects.
NFT Scalability in Gaming
- High gas fees are less problematic for high-value, low-volume NFT art trades.
- Scalability is crucial for high-volume NFT gaming applications.
ImmutableX Security and Validity Proofs
- ImmutableX inherits Ethereum's security as a Layer 2 solution.
- It uses validity proofs, ensuring correctness from the moment transactions hit the mainnet, unlike optimistic rollups.