Immutable X: Solving Liquidity for NFTs
Quick Take
- Immutable X is an NFT layer-2 scaling solution that aims to provide gasless transactions and solve the fragmented liquidity in the current NFT marketplace landscape.
- To address the liquidity issue, Immutable X has implemented a global order book, where liquidity is shared among the marketplaces on its platform.
- However, Immutable X has a 2% trading fee, whereas a third-party NFT marketplace would have to add taker or maker fees on top of it.
- To offer competitive trading fees on Immutable X, third-party marketplaces are likely to engage in a price war or would eventually internalize the take rate themselves.
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Author: Erina Azmi
