Immutable to Merge Immutable X Network into Immutable zkEVM Blockchain
Immutable, a leading Ethereum gaming platform, has announced its plans to merge the original Immutable X network into its newer Immutable zkEVM layer-2 blockchain. This strategic move is aimed at consolidating the company’s gaming ecosystem following significant growth in its zkEVM network, which has processed nearly 150 million transactions since its launch in early 2024.
The merger, scheduled to take place in late 2025, is expected to bring together hundreds of millions of dollars in assets from hundreds of games onto one unified chain. This consolidation will create the true home of Web3 gaming for the millions of Immutable players, as stated by the company in a recent announcement.
Users of the Immutable Passport wallet can expect a seamless transition, with their assets automatically available on the Immutable zkEVM network. For users of other wallets such as MetaMask, assets will be transferred to their primary wallet. However, the company is offering an opt-out option for users who prefer not to have their assets migrated automatically.
Game developers, on the other hand, will face more substantial adjustments. The existing Immutable X APIs will be deprecated, necessitating developers to reimplement certain mechanics. While asset contracts will be automatically deployed with the same ownership structure, collection addresses will change. The company will provide an API to assist developers in mapping these changes.
One of the first games to successfully complete this migration process is Guild of Guardians, setting the stage for other games to follow suit. Notable games on the Immutable platform include Gods Unchained, Illuvium, RavenQuest, Space Nation Online, Immortal Rising 2, and Treeverse.
Immutable’s IMX token has seen a decrease of nearly 25% over the past week, currently priced at $0.393. This places it as the 99th most valuable cryptocurrency by market cap, according to CoinGecko. Despite this drop, Immutable remains a key player in the gaming token space, showcasing the evolving dynamics of the cryptocurrency market.