Tag: Immutable X

Crypto Exchange Binance Lists Two Altcoins Built on Ethereum, Triggering Rallies

by Dailyhodl

A pair of crypto assets that facilitate peer-to-peer (P2P) connectivity got a power surge after being listed on crypto exchange giant Binance.

In a new announcement, Binance says that the utility token of Alchemy Pay (ACH), a payment system that serves as a bridge between the crypto and fiat economies, will now be available for trading.

According to the project website, Alchemy Pay serves as “an all-in-one online and offline crypto-fiat gateway service for businesses,” and also enables financial institutions to offer cryptocurrency investment services.

News of the Binance listing sent ACH’s price vertical, leaping 41.5% from $0.065 to $0.092 almost instantly. The altcoin corrected to as low as $0.070 but has since rallied again to $0.084.

Alchemy Pay is currently up 21.4% on the day.

Also getting the green light from Binance is Immutable X (IMX), a layer-2 scaling solution for non-fungible tokens (NFTs) that aims to enable near-instant, zero-gas fee transactions.

IMX is an Ethereum token that can be used for staking on Immutable X, voting on the future of the peer-to-peer protocol, and paying transaction fees.

The project website says,

“We commit zero knowledge (ZK) proofs to Ethereum so users will always be able to verify and withdraw their assets.

Our engine supports over 9,000 transactions per second, a 600x improvement over native limits.”

IMX shot up by 12.8% from $3.75 to $4.23 after the listing announcement but has since retraced considerably. Immutable X fell to as low as $3.40 and is currently trading for $3.68.

Binance says both ACH and IMX will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Coinbase Pro Launches Support for Six New Altcoins, Triggering Massive Price Movements

by Dailyhodl

Six altcoins are riding the valuation roller coaster after a surprise listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that five Ethereum tokens and one other altcoin will start trading on Coinbase Pro once appropriate liquidity conditions are met.

The Ethereum token API3 (API3) powers a protocol focused on improving traditional application programming interface (API) technology for the Web 3.0 economy. The native token governs the API3 DAO (decentralized autonomous organization).

News of the Coinbase listing initially sent API3 vertical from $3.60 to $4.98. After some choppy price action, it remains up 41.38% to $5.09.

The Bluzelle (BLZ) decentralized storage network was designed to meet the needs of gamers as the online gaming world incorporates crypto assets and non-fungible tokens (NFTs).

The BLZ token lurched from below $0.27 to $0.37 but has steadily corrected to $0.30 – still up 11.1% on the day.

Gods Unchained (GODS) is a trading card game built on the Ethereum blockchain. The game enables users to earn money from their in-game purchases, with the project website saying,

“If you can’t sell your items, you don’t own them.”

GODS jumped from a daily low of $4.36 to $5.79. After some dramatic price swings, GODS remains up 11.46% on the day at $5.00.

Fellow Ethereum token IMX powers Immutable X, an NFT scaling solution designed to facilitate fast transactions with no gas fees. IMX holders can use their tokens to stake, vote, and pay transaction fees.

The Coinbase Pro listing initially caused IMX to climb from $5.64 to $6.53, but it has since seen a selloff and is about even on the day at $5.48.

Measurable Data Token (MDT) is another Ethereum token being added to the Coinbase roster. The project was built to facilitate the anonymous sharing and monetizing of consumer data.

According to the MDT website,

“The more value your data generates, the more you earn.

We only deal with aggregated anonymous data, which means no personal, identifiable data will be shared.

Your privacy is under our protection.”

The MDT price exploded from $0.06 to $0.10, fighting through waves of buyers and sellers to a daily peak of over $0.12, and currently sits above $0.08.

Lastly, is the decentralized finance (DeFi) protocol Ribbon Finance (RBN). This Ethereum-based project enables crypto asset investors to earn yields on their holdings through a structured products protocol that includes options and fixed income as well as futures.

RBN jumped from $1.82 to $2.20, but has since seen a cascade of up-and-down action, and is currently trading for $1.81.

Coinbase says that each token will be available to trade paired with USD and USDT.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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NFT Projects Enjin, Immutable X Soar Despite Market Dip

by Cryptobriefing

Key Takeaways

  • The NFT projects Enjin and Immutable X have posted double-digit gains, with Immutable X hitting a new all-time high today.

  • Enjin is up more than 50% over the last four days.

  • Meanwhile, Immutable X has risen by over 70% within the same period.




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Many Metaverse-themed assets in the crypto market have posted significant gains since Facebook announced it would be rebranding to Meta to focus on building out virtual reality worlds. The NFT-focused projects Enjin and Immutable X are the latest to benefit from the strengthening Metaverse narrative. 

Enjin Pulls Back

Enjin hit a seven-month high today amid growing interest in Metaverse and NFT-related digital assets. 

The NFT coin could now present a buying opportunity for sidelined investors to get back into the market before entering price discovery mode. ENJ has enjoyed a 54% bull rally over the last four days. It climbed from a low of $2.55 on Nov. 16 to hit a high of $3.91 earlier today. While many leading assets have suffered a steep correction this week, ENJ has continued its uptrend to come close to retesting its previous all-time high of $3.94. 

Demand for Metaverse and NFT-related coins has increased since Facebook announced its rebrand to Meta in late October. Other notable gainers in the market include Decentraland’s MANA and The Sandbox’s SAND.


The Tom DeMark (TD) Sequential indicator has now presented a sell signal on Enjin Coin’s daily chart. The bearish formation developed as a green nine candlestick, which is indicative of a one to four four-hour candlesticks correction before the uptrend resume. A spike in profit-taking could validate the short-term pessimistic outlook. 

Enjin Coin US dollar price chart
Source: TradingView

Under such unique circumstances, ENJ could break through the $3.62 support level and test the $3.40 to $3.20 demand wall. The significant interest area may be able to slow down the uptrend and serve as an opportunity for traders to get back into the market. 

As long as the $3.40 to $3.20 level holds, ENJ could rebound to make a new all-time around $4.30 to $4.50. 

Immutable X Could Dip

Immutable X appears bound for a spike in profit-taking after incurring significant gains over the past few days.   



IMX has seen its market value skyrocket by 70% since Nov. 16, reaching a new all-time high of $8.70 today. The milestone took many investors by surprise as the rest of the cryptocurrency market incurred sustained losses within the same period. Now that the token has entered price discovery mode, it could face a brief correction before advancing further. 

The TD setup has flashed a sell signal in the form of a green nine candlestick on IMX’s four-hour chart. Increasing selling pressure around the current prices could push Immutable X toward the 78.6% or 61.8% Fibonacci retracement level. The crucial areas of support sit at $7.90 and $7.30 respectively. 

Immutable X US dollar price chart
Source: TradingView

The $7.30 support level could serve as the “max pain” point for the potential correction. Given the strength of the uptrend IMX has gone through, prices could rebound swiftly after the brief correction. Rising buying pressure at $7.30 could send Immutable X toward a new all-time high of $9.70 or even $10.20. 

Disclosure: At the time of writing, the author of this feature owned BTC and ETH.

This news was brought to you by Phemex, our preferred Derivatives Partner.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Metaverse Tokens Are Soaring on Facebook’s Rebrand News

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Two Ethereum Scaling Altcoins Are Surging As Bitcoin and Crypto Markets Consolidate

by Dailyhodl

The altcoins for two Ethereum network scaling solutions are continuing to trend upwards despite the overall crypto market correction of the last week.

Scaling solution blockchains are typically second-layer protocols like off-chain layers or side chains built on top of main chains like Ethereum to increase transaction throughput. The Loopring (LRC) platform is one such scaling solution, empowering users to develop Ethereum-based decentralized exchanges (DEXs).

Loopring has seen incredible growth over the last month, increasing in value by approximately 140% over the past two weeks. Despite being down 17% on the week, LRC is trading at $2.67 at time of writing, up 15% over the last 24 hours.

Another scaling solution seeing huge gains today is Immutable X (IMX), the first zero-knowledge rollup (ZK-rollup) for non-fungible tokens (NFTs) on Ethereum. ZK-rollups reduce computing and storage resources for block validation by decreasing the amount of data held in a transaction by bundling hundreds of transfers off-chain, generating cryptographic proof.

IMX, the native token of ZK-rollup platform Immutable X, is currently trading at $6.85, up 28% over the last day and 32% over two weeks.

Both Ethereum scaling solutions aim, in part, to keep transaction costs low and speeds fast on a network known for high gas prices. In the context of crypto, gas refers to the cost necessary to perform a transaction on a given network. Ethereum network gas fees, collected in Ethereum (ETH), continue to be high regardless of the recent market downturn.

At time of writing, the average gas fee associated with swapping a token on Uniswap (UNI), Ethereum’s leading DEX, is $144.63. For many potential blockchain users, these types of gas costs may be considered too high.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Ember Sword Partners With Immutable X & Migrates from Polygon

by Blockonomi

Bright Star Studio´s Project Ember Sword, originally built on Polygon, is shifting to Immutable X, an Ethereum L2 Solution for NFTs, by the end of this year.

Ember Sword is a multi-platform Free-to-Play MMORPG Game set in a player-control fantasy universe or metaverse. Ember Sword allows digital collectible assets enabled by a blockchain-enhanced economy.

MMORPG stands for ‘massively multiplayer online role-playing game’.

In other words, it is a story-driven digital video game in which the player assumes the identity of a character or avatar in a virtual or fantasy world. The user embodying his character’s avatar interacts with a large number of other characters corresponding to real-time logged-in players.

Ember Sword Goes Ethereum

Massive NFT scaling needs and the will of tying up with the Ethereum ecosystem, determined the bold move.

With this upgrade, Ember Sword will be able to confirm some 9.000 transactions per second with instant confirmation at gas-free minting, while users´assets stay safe in a decentralized ecosystem under Ethereum´s ¨bullet proof¨ security shield.

By end of Q4 2021, 48,000 Ember Sword NFTs with gas-free and 100% carbon-neutral minting supported by Immutable X protocol over the STARK-based zero-knowledge rollup (the Layer 2 blockchain solution).

More than 35,000 players promised Ember Sword to buyout over $ 203 million on the virtual land of its fantastic world. Hence, players can become landlords and collect NFTs and Ember, the game´s native ERC-20 token.

Ember Sword on the other hand, committed to develop a new brand of MMO games where the player can trade assets and build communities collecting personalized and tradable NFTs, among other interesting tokens and assets.

A Co-founder at Immutable X, Robbie Ferguson, said,

“Ember Sword is doing everything right. There’s a reason they have nine figures in committed land sales. They’re obsessed with making a sustainable, player – driven economy, ensuring long – term scale, and the highest level of asset security. We’re thrilled to work with them in meeting the scaling demands of millions of players, in what will be a landmark MMORPG.”

Meanhile, Loren Roosendaal Founder and Executive Producer at Bright Star Studios stated,

“As we continue to build our on-chain presence through the sale of NFTs, and the launch of our Alpha next year, it is vital to ensure that we are backed by an extremely scalable layer 2 solution…By partnering with Immutable and StarkWare, we will be able to deliver a better in – game experience while offering the strong security guarantees that zk rollups provide.” 

What is IMMUTABLE X?

Immutable X is the first Ethereum Layer 2 scaling solution for NFTs, to handle gas free mining and trading, within the boundaries of safety of the most used blockchain in the world for NFTs, Ethereum.

Powered by Starkware´s edge technology, the solution displays massive scalability, around 9,000 transactions per second, instant trade confirmation, and an exciting developer and user experience.

Associations with established marketplaces like Mintable or OpenSea have been announced, powering most of the largest NFTs plays of users apps (TikTok), social metaverse (IMVU), gaming (ESL Gaming, Gods Unchained, Guild of Guardians, GreenPark Sports, Illuvium, MyCryptoHeroes+), and launchpad partners (SuperFarm, Epics.gg).

Those interested in further detail about Immutable X, just click right here.

What is Ember Sword?

Ember Sword pioneered the blockchain game space back in 2018. It’s a cross – platform, free-to-play, open world fantasy MMORPG.

In this game, players don’t have to choose specific classes or roles, enjoying a full autonomy sandbox experience. Also, players can own land in the metaverse, and the world is fully controlled by the communities.

The Alpha version of Ember Sword to NFT owners is expected to be launched in 2022 by the staff at Bright Star Studios.

To learn in more detail about Ember Sword please click here!

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ESL Gaming to Offer NFTs at Flagship E-Sports Event

by Cryptobriefing

Key Takeaways

  • ESL Gaming has partnered with Immutable X to launch a platform for NFTs.

  • Fans will be offered unique digital collectibles at the 2022 ESL Pro Tour CS:GO.

  • NFTs have seen wide adoption in the sports and gaming industry over the last year.




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ESL Gaming has partnered with Immutable X to offer NFT minting and trading on its e-sports platform. 

Leading E-Sports Company to Offer NFTs

ESL Gaming, one of the world’s biggest e-sports companies, is launching an NFT platform. The move is the result of a partnership with Immutable X, a StarkWare-powered NFT project running on Layer Two Ethereum.

The platform will offer collectible NFTs and launch alongside the ESL Pro Tour CS:GO gaming competition. The event is the firm’s flagship tournament.

For the 2022 edition, fans will be offered unique digital collectibles curated from the event. 


Commenting on the partnership with Immutable X, ESL Gaming global business development representative Bernhard Mogk said: 

“We could not be more excited to launch on Immutable X the best possible community-driven and fan-centric collectible platform to buy, collect, and own some of the most memorable moments in ESL Pro Tour history.”

NFTs are non-fungible tokens, unique crypto assets that are not interchangeable from one another. NFTs are a way of offering verifiable ownership of an asset such as digital art, music, or in-game items. In the last year, the technology has exploded in popularity, gaining wide adoption in the sports and gaming industries. Most NFTs are minted on Ethereum, the most widely used blockchain today. However, Ethereum’s popularity means that it suffers from issues like high transaction costs. Many NFT projects have looked to scaling solutions like Polygon and Immutable X’s Layer 2 solution to mitigate the issues. 

Immutable X leverages StarkWare’s ZK-Rollup technology to offer high-speed transactions and boasts zero gas fees. It has also partnered with Trace and Cool Effect to offset its carbon footprint so that NFTs minted on the platform are carbon neutral. It’s previously integrated the NFT marketplace OpenSea and powers TikTok’s NFT recent venture, as well as games like Guild of Guardians, Illuvium, and its own Gods Unchained. Last month, Immutable raised $60 million in a Series B funding round co-led by BITKRAFT Ventures and King River Capital.

SIMETRI Research
Sanctor Turbo Demo Day


Discussing the collaboration with ESL Gaming, Immutable X co-founder Robbie Ferguson said:

“ESL’s vision for NFTs from ESL Pro Tour moments has the fans’ experience top of mind. At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed.” 

ESL Gaming’s ESL Pro Tour CS:GO is one of the world’s most popular e-sports events. Last year’s edition generated 675 million social media impressions and 905 million video plays, per ESL Gaming’s press release.

Disclosure: At the time of writing, the author of this feature owned ETH and other tokens.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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IMVU to integrate Immutable X for NFT gaming

by Cointelegraph

Immutable X, the scaling solution for layer-2 NFT protocol Immutable, has penned an agreement with Together Labs to integrate into the platform’s native social metaverse IMVU. The partnership will foster the creation and distribution of NFTs within the game’s virtual ecosystem.

IMVU, pronounced “imm-view,” is a blockchain simulation game akin to The Sims or Second Life in which players can design, inhabit and interact with virtual worlds.

Parented by Silicon valley-based firm Together Labs — a technological architecture working on the social media experience with the implementation of the crypto and all its ecosystem facets — IMVU has 200,000 active creators and 1 million daily active players.

Immutable X is an NFT-centric blockchain protocol built upon the Ethereum blockchain, which reportedly enables up to 9,000 near-instant transactions per second in the case of ERC-20 and ERC-721 tokens, zero gas fees and scaling capabilities that exceed the market average through the use of StarkWare’s zk-Rollup.

Immutable X Co-founder Robbie Ferguson outlined the newfound capabilities that IMVU players could experience by interacting with the introduction of NFTs.

“We are thrilled at the partnership with IMVU. With Immutable X’s technology, we are offering scalability to every user in IMVU metaverse and allowing them to trade their NFTs seamlessly on Ethereum without compromising on the security of their assets.”

Two weeks ago, Immutable announced a $60 million Series B funding from venture capital firms such as Alameda Research and VaynerFund. The protocol is endeavoring to expand its NFT gaming operation following the success of the blockchain trading card game Gods Unchained.

They have also pledged to adhere to pro-environmental practices by implementing zero-knowledge proofs, and the purchase of offsetting carbon credits.

As promised, the partnership with IMVU will enable players to participate in regular in-game activities — building the universe, creating 3D avatars, socializing with other players, purchasing collectible items and transacting the games fiat-convertible stablecoin VCORE — all with the assured knowledge that carbon neutrality is being sustained.