Immutable, an Ethereum Layer 2 scaling solution dedicated to non-fungible tokens (NFTs), has decided to postpone the vesting of 125 million IMX tokens, valued at $67 million upon launch, until July 2024. Immutable co-founder Robbie Ferguson announced the decision, stating that this move is aimed at enhancing the project's long-term sustainability. He noted that when the tokens eventually unlock, they will do so through a linear monthly vesting schedule instead of a single release.
Immutable has made significant strides, boasting more than 200 funded games developed on its platform. Additionally, the project has a finance division that has been in operation for around four years and employs 270 individuals. Currently, 52% of Immutable's total token supply of 2 billion is earmarked for project development and ecosystem incentives.
In terms of the project's roadmap, Immutable is gearing up to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) and cross-aggregated liquidity. The platform is also preparing for the debut of its blockchain game within its ecosystem. Ferguson emphasized that games funded two years ago are set to go live in the coming 12 months, projecting a significant user adoption curve for web3 platforms, which will be largely influenced by these major games, not just the largest exchanges.
In March 2022, Immutable secured $200 million in a Series C funding round led by Singaporean state-owned investment firm Temasek, with participation from major players like Animoca Brands, Tencent, Arrington Capital, and Princeville Capital. The funding is earmarked for enhancing Immutable's Ethereum Layer 2 scaling solutions and expanding the Immutable Gaming Studio, reflecting the project's commitment to strengthening its NFT ecosystem.
