Immutable X the Future of Ethereum NFTs | No Gas Fees & Instant Transactions | Next NFTs to EXPLODE!

Are you tired of insane gas fees on ethereum? Are you tired of waiting on a transaction waiting, sometimes 5 10, even 20, plus minutes for a transaction to go through? Well, i know i am, but what, if i told you that the future is here and we can avoid all of that yo? What is everyone in today's? Video? We're, going to be talking about immutable x, which involves no gas fees and instant transactions all while being secured on ethereum.

We're, going to be talking about how this is the future of nfts up until ethereum 2.0 is released and how many great opportunities are going to be with it, but before we get started, make sure to hit that subscribe and like button.

It is greatly appreciated with that being said, welcome to the nifty verse before we get started. I do want to give a disclaimer and mention that this is not financial advice. I am not a financial advisor.

The nft space is incredibly risky, so please do your own research and make your own decisions. So before we get into immutable x, we have to talk about the issue at hand. The issue is ethereum itself.

Ethereum right now is broken. The gas fees are absolutely ridiculous. Just to conduct a transaction or even a few transactions for an nft that you want and more often than not the gas fee itself is more expensive than the nft.

The second thing is that transactions take forever. It takes forever for a transaction to go through. If ethereum is clogged, i mean i've waited personally for me. The longest time i've had to wait for a transaction to go through is like 20 to 30 minutes right, and that is a long time compared to the actual fiat world right to the world that everyone is so used to with instant transactions.

These two things prevent a mass adoption within ethereum and a massive amount of people joining into the nft space. And this is why you're, seeing other blockchains such as tolana tezos and even other protocols gaining a ton of traction recently for their nft ecosystem, because the transactions are instant and the gas fees are so much astronomically lower than what ethereum offers.

But at the same time we also can accept that ethereum is the number one hub for nfts and there is a reason why it's, so popular and ethereum's. Blockchain is so incredibly secured and decentralized, which is very important to the crypto native people and the overall nft community, but we can also acknowledge that the mainstream audience will not care about these two things when entering the world of nfts, they're, just Gon na want fast instant transactions with a low fees and right now the nft space is exploding.

The nft space is exploding now, and i know some of you may be a little angry or commenting down below what about ethereum 2.0 ethereum 2.0 is coming well. Is it here? No, it's, not here so ethereum 2.

0 is not here yet, even though i do still believe that it will be executed and implemented sometime in the future, we can accept that nfts are exploding right now. Nft space is growing at an astronomical rate and is not waiting for anyone, and what that means is that there's, going to be competitions on where these nfts are going to be located on, whether it be ethereum, solana, tezos, phantom or any other Place that hosts nfts and whatever blockchain caters to those mainstream users that mainstream audience.

That is where the audience is going to flock to now, as many of you who don & # 39, t want to see ethereum lose its number one spot in the nft space and want to see it continue to succeed. This is where immutable x comes.

In. Now we're gonna explain what a mutable x is provide a description of how it works as well as why there are massive opportunities in it now. What is immutable x, immutable x is a next generation protocol for trading ethereum nfts, which gives users instant trade confirmation, massive scalability, and no gas fees without compromising user custody.

Our goal is to make minting and trading ethereum nfts even easier than trading traditional digital assets. Now i know that seems like a a pipe dream and a long promise, but we're, going to explain on how this works right and on immutable x's website.

We can see how does immutablex work. Immutablex uses a zk rollup. We take thousands of off-chain trades, generate a proof that these trades were all valid, i.e. The users who owned the assets signed the trades and then published that proof on chain where it is verified by a smart contract.

During this process, the unchained user assets are held in a smart contract and can only be released after a valid proof, including them has been published in a batch now in simple terms. Basically, what this is a zk roll up allows for a bunch of transactions to be bundled up into one single transaction and that single transaction is then sent out and deconstructed by smart contracts to verify each individual transaction.

This reduces the computational power that is required to validate these blocks and without compromising the security within ethereum's. Blockchain, you're, able to scale this massively and even do instant transactions.

So basically, we're, getting the best of both worlds. We're, keeping ethereum's blockchain, which is basically allowing us to keep decentralization and the level of security that is offered with ethereum's blockchain, as well as then implementing instant transactions and no gas fees.

But we can see that there's, massive scalability up to 9000 transactions per second, which compared to ethereum ethereum only has like 15 to 30 transactions per second. So this is a major major improvement.

Other great things to know about immutable x is that this is not a centralized side chain. It is continuing to use ethereum's blockchain, as well as any nft that is created or traded on. Immutable x is a hundred percent carbon neutral, which is very important for the nft space as well as mass audiences.

Now i'll reiterate this again. This is going to be huge for ethereum and the overall nft space. You know, as so many people are flocking to ethereum and like a theorem for its security and decentralization, they are still kind of wary because of the gas fees and the slow transactions.

But with that being fixed on a layer, 2 solution like immutable x, it will allow so many people to join the space by the way. If you're, not doing so already make sure to go check out. My twitter account at nft verse underscore we're, going to be running exclusive, nft giveaways for followers and subscribers so make sure to go.

Follow my twitter, which is linked down in the description below and subscribe to, the youtube channel, also make sure you're following the correct twitter account at nft. Verse underscore use the link down below because there are people trying to pose as me now.

We can take a look at immutablex's website right there marketplace and we can see that there are already nft collections that are on this marketplace. Right now, we're, going to take a look at some nft collections, such as moody, crows right, which has been relatively popular in the past few days, and we can see, has already hit a 0.

5 ethereum floor, which is a pretty decent price. For this nft project, now i'm, not going to say, go buy this. I have no clue about what the center t project is all about. I'm just trying to show you an example of what nfts look like on immutablex's marketplace and basically, from this point you'll, be able to connect a web3 wallet.

Let's. Just use metamask for an example and immutablex will register a key to link your wallet to be able to interact on immutable x and from that point on you're, going to then convert ethereum and to basically wrap the theorem.

You're, going to only pay one single gas transaction for that overall conversion and basically, from that point, you're, going to be able to buy and sell on immutable x with instant transactions and zero gas fees.

And i bought an nft on this immutable x marketplace and honestly, it was the smoothest experience i've ever had on ethereum and it felt like the future, a gasless, instant transaction future that everyone really wants to see happen on ethereum and hopefully, once Ethereum 2.

0 ends up coming out. That will be the case for ethereum, but there are going to be layer, 2 solutions like immutable x that will provide these transactions, and this experience already all while continuing to secure these nfts on ethereum.

So it's. Honestly, amazing and right now, immutable x is still basically in its development stage and continuing to build out the ecosystem in their marketplace. As you saw in the marketplace, the marketplace itself is very very early in its development and needs to have more updates, pushed out and be a little more modernized for people to continue using it and having more people on the platform.

Something cool about immutablex is that it can be integrated within very popular nft. Marketplaces like openc and immutablex has some very promising things coming in the near future, which i think will cause it to explode and become more popularized within the nft space right now.

It may seem that not a lot of people know about it, but i have a feeling that a lot of people will know about it very soon. So we can see right here, a new story that i actually covered very recently on the channel that immutablex is partnering up with tiktok to bring it to ethereum.

Immutablex is thrilled to power. The launch of tick-tock top moments is first creator-led nft collection on layer 2 with starkware ltd own a moment that broke the internet. So we can see that tick. Tock right, one of the most prominent social media companies in the entire world wants to come on ethereum.

But at the same time recognize that the gas fees were way too high and the transactions were too slow. So they've partnered up with immutable x to make sure they are still able to utilize ethereum but cut out those gas fees and implement instant transactions.

The next bullish thing we're, seeing right now, is that vv itself wants to move to a theorem and they're doing that by partnering up with immutable x. They mention right here. We are incredibly excited to share that immutable x.

Has been chosen as the technology partner and blockchain provider applying for the interoperability of vv digital collectible nfts on the world's, most decentralized blockchain protocol ethereum, so immutablex is bringing vivi into ethereum, and this is major news, because vivi itself holds some of The most insane licenses for nft collectibles, such as marvel and dc comics, we have seen those two major ips release their very first nfts on vv.

So what do you think may happen when they are now allowed to use ethereum to purchase those assets right? It's going to allow so many more people to get involved with overall vv nfts, and the last thing i wanted to mention is like i mentioned: this can be integrated within openc.

We actually saw this announcement back. In march 31st, openc announced that immutablex is coming to openc. We're excited to announce. Openc will soon support the trading of nfts on their gas free layer, 2 protocol built directly on ethereum hashtag immutable openc, so openc already had in mind to partner up with immutable x.

Now they haven't done so yet, and i know you're asking why haven't they done it yet well. So there was an interview. I ended up seeing with an executive from openc mentioning that there was just so much happening within openc right now that they just didn't, have the manpower to implement this just yet and add other things like this just yet right.

They were so focused on making sure nothing broke while an explosive bull market was happening that they just haven't had the time to get around to this, but it will be happening sometime in the near future, which, in my opinion, is super bullish For nfts as a whole, imagine being able to trade on openc with instant transactions and no gas fees it's, going to be absolutely beautiful and immutable x is going to allow so many companies, and so many individuals to get involved with ethereum nfts Right they're, going to be able to open the doors and open access to so many more people that want to get involved with the overall ecosystem.

Now, taking a look back at the nft marketplace on immutable x, there may be some nfts here that may hold some value because they are the first nfts to be implemented with immutable x right. We're, seeing places like solana cardano some of the first nfts that were on there are very prominent now right so, for example, on solana, solana, monkey business or degenerate ape academy.

Being some of the first prominent nft collections on solana are now incredibly valuable and hold very solid value in the overall nft space. So there does seem to be that type of trend where certain nfts that are you know, implemented within a certain ecosystem.

First, usually hold some type of value that doesn & # 39. T mean that any of these entities are going to hold that type of value, or i'm telling you to go. Invest in these that's, not the case at all that's, just something i wanted to know and keep in mind, so you can do more research on it.

Some of those nft collections that i do see trending are moody, crows, friendly, neighborhood buds, astro bros, you know, and there's, a bunch of other nfts. Here, nft player in games such as god is unchained right, which is a very notable one too, which you can all end up, taking a look at.

If you want to now to conclude this video and to give my thoughts, i am super excited for the overall implementation of immutable x across multiple different types of nfts and nft marketplaces. I think it's, going to provide so much more access to people who have been wanting to get into the nft space, but are hesitant because of the gas fees and the slow transactions that happen on ethereum.

This will basically cut that out and allow for so many more people to be implemented within the ecosystem. So i do suggest to do your research here because i do believe immutablex has a very bright future ahead of itself now.

I hope you enjoyed today's, video and hopefully i was able to bring some value. We're, trying to cover things within the nft space that i think are extremely relevant and that are possible innovations for the nft space.

We all love if you enjoyed and found value in today's. Video, like i said, make sure to hit that subscribe and like button. It is greatly appreciated and with that being said, i will catch you all later.

You