# Immutable X

**Source:** https://www.startuphub.ai/startups/immutable-x
**Profile type:** Startup

> A Layer 2 scaling solution for NFTs on Ethereum, offering gas-free minting and trading.

## About

Immutable X is a leading Layer 2 scaling solution for NFTs on Ethereum, providing developers and users with gas-free minting and trading. It leverages StarkWare's zero-knowledge-proof technology to offer high throughput, instant confirmations, and significantly reduced transaction costs for blockchain-based games and applications. The platform aims to create a more efficient, sustainable, and user-friendly environment for the NFT ecosystem.

## Key facts

- **Slug:** immutable-x
- **Website:** https://www.immutable.com/
- **Location:** Melbourne, Australia
- **Founded:** 2018
- **Employees:** 213
- **Operating status:** Active
- **Total funding:** $62M
- **Sectors / tags:** Web3, Blockchain, NFT, DeFi, Gaming, Platform, API Platform, Infrastructure, Layer 2 Scaling, Zero-Knowledge Proofs, Developer Tools, Marketplace
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/immutable-1
  - Twitter: https://x.com/Immutable

## Frequently asked

### What does Immutable X do?

Immutable X is a leading Layer 2 scaling solution for NFTs on Ethereum, providing developers and users with gas-free minting and trading. It leverages StarkWare's zero-knowledge-proof technology to offer high throughput, instant confirmations, and significantly reduced transaction costs for blockchain-based games and applications. The platform aims to create a more efficient, sustainable, and user-friendly environment for the NFT ecosystem.

### What is Immutable X's valuation?

StartupHub estimates Immutable X's effective valuation at $529.9M (range $370.9M to $688.9M, 25% confidence), based on comparable companies in the sector.

### How much funding has Immutable X raised?

Immutable X has raised a total of $62M in funding. The most recent round on record is ICO.

### Where is Immutable X headquartered?

Immutable X is headquartered in Melbourne, Australia.

### When was Immutable X founded?

Immutable X was founded in 2018.

### What industry does Immutable X operate in?

Immutable X operates in Web3, Blockchain, NFT, DeFi, Gaming, Platform.

### How many employees does Immutable X have?

Immutable X has approximately 213 people on record.

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