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Immutable X Announces A Partnership With Gauntlet Network

Twitter icon  •  Published há 1 ano  •  Hassan Maishera

The Immutable X team announced via Twitter on Wednesday that it has partnered with Gauntlet Network.

The Immutable X team announced via Twitter on Wednesday that it has partnered with Gauntlet Network. The partnership is designed to improve efficient token spend, onboard mainstream users, and maximize trading volume. Gauntlet will be utilizing its financial modeling and simulation platform to optimize Immutable X’s payout mechanisms and rewards programs. So far, Gauntlet has partnered with DeFi protocols like AAVE, Compound, Maker, and SushiSwap.

Immutable X is an L2 scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading with shared security with the Ethereum mainnet. IMX is down by 5% today and is trading at $0.437 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.