ImmutableX is a Layer 2 protocol that’s making life better for artists who are racing to NFT marketplaces. This excerpt from their recent announcement is particularly good news for those of us investing in L2:
“Confirmed feature examples slated at phase 2 include: APIs test environment through to full integration, NFT deposits + withdrawals, Trader sorts + filters and Set trading fees”. And no gas fees [what?!?]
It’s hard to compete with other teams to bring a Layer 2 protocol to market on Ethereum mainnet [where all the NFT action is taking place]. So, ImmutableX might be the L2 solution you need to build an MVP. Also love that they’ve thought about carbon offsets.
I’m going to watch closely for trading and exchange patterns over the next 60 days. Let’s see which assets get traded the most in what categories. Then, identify what collections get valued into ETF-like offerings.
Just love this space; so damn creative right now.