Here’s what founder of Immutable X, Robbie Ferguson had to say about the partnership: As a so-called stablecoin, it lacks much of the risk associated with the more… trend-dependent memecoins out there – and it also offers users the knowledge that the crypto they are dealing in does its best to stay carbon-neutral. To offset this, they are implementing so called zero-knowledge proofs, a fast and effective way of confirming a transaction is valid and recorded, as well as offsetting carbon credits.Īll of this no doubt helped make them more attractive to IMVU, and their new partnership will enable players to take part in a new kind of activity – well, to be more precise, to build their universes, create their avatars and socialize using the games fiat-convertible VCOIN.
Beyond that, they are also wanting to up their environmental profile – it’s no secret that crypto can be hard on the environment with carbon emissions and energy consumption increasing steadily.
Immutable X just completed their B series funding round – they are planning to expand after the success of NFT game Gods Unchained. Both ERC-20 and ERC-721 standards are supported in the format, covering two of the most popular NFT standards out there. It’s also supposed to be scalable and largely eliminate the gas fees that plague Ethereum’s main NFT protocols. This Ethereum-based protocol is NFT-centric and is supposed to enable roughly 9000 transaction per second – and near-instantly. Now the game is making a switch to a new blockchain protocol – Immutable X.
It’s not a small game either – it boasts about 200k active creators and 1million daily active players. What sets it apart from Second Life or the Sims is the fact that the game is set on a blockchain. Popular simulation game IMVU is similar to the way The Sims simulates, well, life – players can design, interact with and inhabit various virtual world.