Polygon Labs Partners With Immutable X To Launch The Immutable zkEVM

Twitter icon  •  Published 2 года назад on March 21, 2023  •  Hassan Maishera

The Polygon team announced via a blog post on Monday that it has partnered with Immutable X to launch Immutable zkEVM, a new EVM-compatible ZK-rollup powered by Polygon technology.

Polygon Labs Partners With Immutable X To Launch The Immutable zkEVM

The Polygon team announced via a blog post on Monday that it has partnered with Immutable X to launch Immutable zkEVM, a new EVM-compatible ZK-rollup powered by Polygon technology. The two entities are building a dedicated gaming blockchain using zero-knowledge technology to accelerate decentralized game development and bring Web3 a step closer to mass adoption.

Polygon Labs added that Immutable zkEVM would be launching in a few months. Building on Immutable zkEVM with the Immutable Platform will make developing Web3-enabled games faster, easier and less risky for large game studios and independent developers alike. 

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 4% in the last 24 hours and is currently trading at $1.1070.

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 15% today and is trading at $1.273 at press time.

 

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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.