Immutable, a popular platform in the Web3 gaming space, has been at the centre of multiple developments. The company has announced the addition of an
in-game signing feature to improve functionality in Web3 games, a move that will enable
pre-approved transactions. Despite facing a Wells Notice from the
SEC over alleged violations involving its IMX token sale, Immutable has claimed that its token isn't a security and is set to contest the accusation. Furthermore, the company, well known for its consistent growth in the market, has seen expansions and collaborations with several partners such as
SunSpear and
Telegram, broadening its impact. Recently, Immutable has gained attention for its decision to shut down its NFT marketplace to focus on a broader ecosystem. On another note, the firm's platform, Immutable X has seen interest from game companies such as
MetalCore and
Netmarble’s MarbleX, dragging in significant collaborations. It has also witnessed paradigm shifts in blockchain technology via partnerships with organisations like
Fireblocks and
Portal. Disappointingly, the firm's IMX token has experienced losses due to legal challenges. However, the closing of Immutable X marketplace has seemingly not affected the IMX token sign-ups, which have crossed 3M, asserting the brand as a major player in the Web3 gaming and blockchain field.
Immutable News Analytics from Wed, 17 Jan 2024 08:00:00 GMT to Tue, 12 Nov 2024 16:53:24 GMT -
Rating -5
- Innovation 8
- Information 7
- Rumor -4
