"The Future of Blockchain Gaming: Immutable's Journey"

Did you know the combination of Blockchain, and gaming is the future? Yes, you heard that right! The future of blockchain gaming is here to stay and will likely see significant growth in the upcoming years. Blockchain enables true ownership of game assets in the form of non-fungible tokens (NFT). Players can buy, sell, and trade these NFTs outside of the gaming environment, giving them real-world value and ownership. This provides a new level of player engagement and economic opportunities within games. DeFi (Decentralized Finance) provides access to financial services to anyone who has an internet connection due to which it has been one of the most significant and rapidly growing sectors within the blockchain and cryptocurrency space.

Immutable was founded by brother Ronnie, James Ferguson along with CTO Alex Connolly in 2018 on Australia. Alex Connolly was a game addict little did he know that his love for games would eventually lead him to a decision that made his fortune all possible. But there was one problem which was bothering the 3 of them i.e., gamers were getting charged for skins, weapons, outfits, and they didn’t get anything in return. Gamers didn’t get the benefits they deserved. So, they decided to solve it by building a game called Gods Chained, a trading cards game. It took almost 10 days to build, and the game soon got popular enough.

From that point, there was no stopping by. The main problem they aimed to solve was the scalability and high gas fee issues associated with NFT transactions on the Ethereum blockchain. They wanted to create a solution allowing faster, cheaper, and more scalable transactions on the Ethereum blockchain with proper security and decentralization. So, they built Immutable X, a software for the Ethereum Blockchain that is specifically designed to handle Non-Fungible Tokens (NFTs) more effectively and cost-effectively to enable gas-free transactions and instant transaction speed.

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For NFTs, you own an asset such as an art piece or something like that. Immutable runs on a cryptocurrency called Ethereum where you can create games and own a small piece of game asset. It is an open-source platform for developers to create assets such as cards, skins, weapons, and much more. Immutable has formed partnerships with several prominent blockchain gaming companies and NFT projects, integrating Immutable X into their platforms to enhance the trading and ownership experience for their users. One of the most significant advantages of Immutable X is that it enables gas-free transactions for NFTs. By moving most of the transaction activity off-chain users can mint, trade, and transfer NFTs without having to pay expensive gas fees. Now Immutable is one of the most valuable tech companies in all of Australia with a valuation of $2.5 Billion.

So, I conclude that by providing gas-free transactions, the future of gaming is bright not only for gamers but also for developers.

?*Gas fee: The cost paid to Ethereum network participants for processing transactions.