Immutable Partners with Polygon to Launch Immutable zkEVM, a ZK-Rollup Using $IMX as Gas Token

Immutable announced it has partnered with Polygon Labs to use zero-knowledge technology to build a dedicated gaming blockchain called Immutable zkEVM.

Immutable zkEVM is a new EVM-compatible ZK-Rollup powered by Polygon technology and with full Immutable platform support. It's expected to be launched in the coming months. The chain aims to accelerate the development and adoption of Web3 gaming. Now, game developers can access the early documentation to begin early integration with Immutable zkEVM. The new chain will coexist with Immutable X.

In addition, Immutable announced two new utilities of $IMX:

• $IMX will be used as the core gas currency for Immutable zkEVM
• 20% of fees on Immutable zkEVM must be paid for in $IMX

Immutable will announce another two utilities in two months.

After the announcement, the price of $IMX began to drop. According to TokenInsight data, the $IMX price went down by 11.17% over the last 24 hours, trading at $1.2770 now.