Immutable X Notifies First Cross-rollup Liquidity Protocol for NFT

Immutable X Notifies First Cross-rollup Liquidity Protocol for NFT

Immutable X Notifies First Cross-rollup Liquidity Protocol for NFT

The layer-2 solution on the Ethereum blockchain, Immutable X announced the world’s first cross-rollup liquidity protocol for NFTs on Starknet. 

As per the announcement, the new development will allow players to trade NFTs across the multiple Ethereum Layer 2 and Layer 3 roll-ups. It will help to resolve the liquidity fractionalization problem, which is a burden for all roll-ups.

This will allow players to trade their NFTs between any Immutable supported marketplace such as Rarible, OpenSea, and GameStop.

Through the integration of Immutable on Staknet, developers can deploy custom, composable smart contracts. This will be easygoing for projects to migrate L1 smart contract-based games on Immutable. 

Immutable will also provide a large user base of 10 million active users for offering L3s to games that require dedicated throughput and don’t want to compete for capacity with others.

“This is the future of Ethereum – multiple roll-ups for different purposes and games, each abstracted and unified in liquidity via Immutable X – while never compromising on Ethereum’s security” said Robbie Ferguson, Co-Founder at Immutable. 

“The next billion players can scale across hundreds of L3s, while never losing the liquidity and composability that makes Ethereum the strongest blockchain network in the world.”

The integration will help those projects who were finding scalability and composability in one place and had no choice instead of choosing a less secure layer 2 platform. It will also settle down the uphill task for developers such as lack of custom smart contracts, complex migration from Layer 1 to Layer 2, and composability. 

Also Read: Rarible Joins Immutable X for Gasless & Carbon Neutral Gaming NFT

Although, the new platform will be a less efficient and UX-optimized environment than Immutable X’s current application-specific roll-up. 

“Supporting multiple roll-ups will increase the complexity of our product but will allow Immutable X to create the strongest ecosystem for gaming content without compromising liquidity,” said Alex Connolly, Immutable co-founder and CTO. 

“We are thrilled StarkNet will play a key role in helping Immutable X win in web3 games” said Uri Kolodny, co-founder & CEO, StarkWare. 

“Our partnership will seamlessly enable world-class games and projects to thrive on Immutable X and StarkNet across L2 and L3.”

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