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19 September 2021

Immutable raises $60M for its carbon-conscious NFT platform

Immutable raises $60M for its carbon-conscious NFT platform


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Immutable X is an NFT-dedicated blockchain protocol that claims to allow 9,000 transactions per second for ERC-20 and ERC-721 tokens, near-instant transactions, zero gas fees and greater scaling capabilities through the utilization of StarkWare’s zk-Rollup, all while sustaining carbon neutrality.

Utilizing zero-knowledge proofs — a method of anonymizing transactions — the protocol offsets its carbon footprint by bulking mint and trading activity into a compressed validity proof that is then reuploaded to the original blockchain

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cointelegraph.com
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