Immutable Holdings announced steps to address delays in AGM mailings. The
Fifth Circuit Court ruled the OFAC overstepped by sanctioning
Tornado Cash's Immutable smart contracts, declaring smart contracts as 'not property'.
Immutable (IMX) unveiled new rewards in its Web3 game, GG: Survivor Quest. This was followed by partnerships with
Altura and
Sequence to improve marketplace tech, game development, player experience, and in-game and cross-game experiences. Immutable then came under the radar of
SEC, receiving a Wells notice regarding possible security law violations involving IMX token sales. Despite this, Immutable continued growing rapidly in the blockchain gaming ecosystem, showcasing a 71% growth, with 181 new game announcements in 2024. A significant victory happened in the Tornado Cash case, where a US judge stated OFAC exceeded authority. Immutable's commitment to revolutionizing gaming was underlined with the launch of the Main Quest- possibly the largest ever Web3 gaming rewards program. Despite facing potential legal hurdles from SEC for token sales, partnerships were announced with
Portal to drive Web3 gaming distribution and monetization. Immutable also introduced an in-game signing feature for Web3 games. Significant Asian expansion initiatives were revealed, including a collaboration with South Korea industry giant
MARBLEX. Amidst this, the price of IMX plunged after receiving an SEC threat. Immutable's decision to move
Mech Shooter 'MetalCore' from Ethereum to Solana and closure of their NFT marketplace stood out. Reports emerged about Immutable receiving a Wells notice from the SEC for potential security law violations.
Immutable News Analytics from Wed, 17 Jan 2024 08:00:00 GMT to Wed, 27 Nov 2024 19:42:09 GMT -
Rating -2
- Innovation 5
- Information 4
- Rumor -3
