The blockchain is immutable, meaning you cannot ever tamper with or amend any data on it. This is one of the main reasons that projects based on the blockchain are so popular. From finance to art, to charitable donations, the data on the blockchain is unimpeachable by humans. But when human vision collaborates with the power of the blockchain, you get amazing things. 

Immutable protocol is an incredible project that is worth knowing about. It is a platform for users to trade NFTs or to mint their own, and it does all this with zero carbon emissions. It brings the perfect combination of scalability, speed, security, and competitive fees to both the crypto savvy and the crypto curious.

Immutable, as its name suggests, sits firmly on the blockchain in a best of both worlds approach. Through its interoperability with Ethereum, it draws the benefits of extreme security, and liquidity, and yet as a Layer-2 chain itself, it brings its own incredible transaction speed times of up to 9000 transactions per second. Plus, it promises zero gas fees for those minting their own NFTs, while allowing them to do so at scale, with its bulk minting capabilities.

For traders, the Immutable X platform allows them to trade fast, and for free in a peer-to-peer approach. It brings minimal risk of account hacking, because of course, it is centralized and users hold on to their own private keys with funds inside.

Raising $60 million as a sign of the times for NFTs

Immutable is clearly doing something right, as the team have just raised $60 million in their Series B funding round, led by BITKRAFT Ventures and King River Capital, and supported by Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda Research, AirTree Ventures, Reinventure, Apex Capital, and VaynerFund.

This funding will help Immuabtle to develop the protocol and business and push the boundaries of NFTs, an extremely popular area of the blockchain. It will also help them expand their own well-known NFT games, one of which is the most successful NFT game across the entire blockchain, Gods Unchained.

Immutable, the first ever Layer 2 NFT protocol, is breaking down the barriers for minters and traders, while promising zero carbon emission, a true project to pay close attention to.