before we enter the realm of immutable x there are a few things that need to be said i am not your financial advisor and anything you see or hear in this video is purely intended for your entertainment and is strictly for illustrative and demonstrational purposes only capito splendido now if this is the first time we meet my name is guy and crypto is what i preach the coin bureau is your main go-to hub for the highest quality crypto content on the scene coins news tokens reviews and pretty much anything else that my imagination can stretch to if you enjoy this type of content and love seeing this charming chap on your screen then subscribe to the channel and ping that notification bell if you please we all know that time is of the essence which is why i've broken up the video timeline into different chapters just so you can skip ahead to your favorite part and to the stuff that matters of course watching until the very end is what i recommend okay i've said what needs to be said are you set to explore immutable x so what is immutable x well it's the first zk rollout based layer NUMBER_TOKEN scaling solution for non-fungible tokens on ethereum essentially it's a solution to the high gas fees and scalability issues that we're experiencing on the ethereum network when minting and trading nfts as you no doubt know this scalability issue is primarily because ethereum's current underlying proof-of-work architecture can only process up to NUMBER_TOKEN to NUMBER_TOKEN transactions per second and thus cannot withstand the amount of trading demand that this year-long nft frenzy has ignited and due to the incessant congestion inconsistency and network latency trading on the ethereum blockchain has simply become unfeasible eth NUMBER_TOKEN really cannot arrive soon enough more about that in the description this is where immutable x comes in immutable x is the fruit of a partnership between two well-established players in the blockchain and gaming development spheres immutable and starkware founded back in NUMBER_TOKEN and previously known as fuel games immutable is a sydney-based blockchain gaming and digital asset technology company spearheaded by brothers james and robbie ferguson the gaming and nft focused immutable raised NUMBER_TOKEN million dollars in a seed round of july NUMBER_TOKEN led principally by nirvana capital and continue capital with participation from coinbase ventures subsequently in september NUMBER_TOKEN immutable raised an additional NUMBER_TOKEN million dollars in a series a funding round led by heavyweight vcs such as galaxy digital this was in order to grow its in-game nft ecosystem and develop its flagship game gods unchained then in september of this year immutable raised a whopping NUMBER_TOKEN million dollars in a series b round spearheaded by gaming and esports vc bitcraft with participation from other heavyweight entities such as alameda research airtree ventures and vaynerfund to name just a few okay so that's the first component of the immutablex equation next we have starkware starkware industries is an israeli-based startup that provides scalable blockchain technology for apps and dapps startware was founded in NUMBER_TOKEN by eli ben sasson uri kolodny
START_INTERACTION_TOKEN before we enter the realm of immutable x there are a few things that need to be said i am not your financial advisor and anything you see or hear in this video is purely intended for your entertainment and is strictly for illustrative and demonstrational purposes only capito splendido now if this is the first time we meet my name is guy and crypto is what i preach the coin bureau is your main go-to hub for the highest quality crypto content on the scene coins news tokens reviews and pretty much anything else that my imagination can stretch to if you enjoy this type of content and love seeing this charming chap on your screen then subscribe to the channel and ping that notification bell if you please we all know that time is of the essence which is why i've broken up the video timeline into different chapters just so you can skip ahead to your favorite part and to the stuff that matters of course watching until the very end is what i recommend okay i've said what needs to be said are you set to explore immutable END_INTERACTION_TOKEN