Fun

News Feed - 2023-10-18 12:10:09

Zhiyuan Sun8 hours agoImmutable delays $67M token vesting by another year125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024.825 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksImmutable, an Ethereum layer-2 nonfungible token (NFT) scaling solution, will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.


According to an Oct. 17 announcement by Immutable co-founder Robbie Ferguson, the move is intended to enhance Immutable’s long-term sustainability. “At a minimum, when we finally do decide to let these tokens unlock - they will be done on linear monthly vesting schedule over time, instead of a cliff,” said Ferguson.


The blockchain executive also revealed there are over 200 funded games built on Immutable. Meanwhile, he claimed that Immutable’s treasury has approximately four years of runway for its 270 staff. Currently, 52% of Immutable’s 2 billion tokens are reserved for project development and ecosystem incentives.


Regarding its roadmap, the project plans to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) alongside cross-rollup liquidity. In addition, its ecosystem blockchain games are set for debut. As said by Ferguson:“The games funded 2 years ago are going live over the next 12 months. We will see hits, and web3’s user adoption curves will be drawn by the biggest games, not just the biggest exchanges.”


In March 2022, Immutable raised $200 million in a Series C funding round led by Singaporean state-owned investment firm Temasek, with participation from Animoca Brands, Tencent, Arrington Capital and Princeville Capital. The project said at the time that the funding would go toward improving Immutable’s layer-2 scaling solution on Ethereum and scaling the Immutable Gaming Studio.1/ We"re here for the long run.

Last year, we committed to re-locking 125M $IMX of @Immutable’s Project Dev allocation for another 1 year. A few weeks from now, these tokens are scheduled to unlock.

We’re proud to once again re-lock this allocation until July 2024 at a minimum.— Robbie Ferguson | Immutable (@0xferg) October 17, 2023


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine: Mt. Gox collapse saw birth of Chainalysis# Blockchain# Business# Ethereum# Funding# Layer2Add reactionAdd reactionRead moreHow to build a DApp on EthereumToken adoption grows as real-world assets move on-chainOptimism to sell $160M in OP tokens to 7 purchasers via private sale

News Feed

Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure?
Este artículo también está disponible en español. Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme
Data privacy and security concerns worry nearly half of tech industry consumers: Report
Savannah Fortis11 hours agoData privacy and security concerns worry nearly half of tech industry consumers: ReportFor 48% of respondents in Aleo’s 2024 Data privacy report, data privacy and security are considered the
Rakesh Upadhyay5 hours agoPrice analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATICBitcoin traders want to convert the $36,000 level to support, but will failure to do this kick off a market-wide correcti
Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze
Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze The Central Bank of Russia (CBR) has identified 146 financial pyramid
Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto
Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold current
Solana may hit $330 and reach 50% of ETH market cap — VanEck research
Vince Quill5 hours agoSolana may hit $330 and reach 50% of ETH market cap — VanEck researchSolana uses a monolithic structure that allows the network to capitalize on the speed and efficiency absent from modular blockc
Is The Bitcoin Price Manipulated? Expert Exposes The Truth
Este artículo también está disponible en español. In a new research report shared on X, Joe Consorti, Head of Growth at Theya, has dispelled ongoing rumors alleging that
Crypto, Encryption, and the Quest for a Secure Messaging App
Crypto, Encryption, and the Quest for a Secure Messaging App How confidential is our conversation? This question has come to the fore in recent months, driven by a flurry of news
IMF backs Nigeria crypto adoption amid local SEC crackdown
Alek Hidell10 hours agoIMF backs Nigeria crypto adoption amid local SEC crackdownThe IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment.5837 Total views10
Coinbase Survey: 20% of US Adults Currently Own Crypto
Coinbase Survey: 20% of US Adults Currently Own Crypto A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U
Analyst Says Dogecoin Price Could Explode 4,500% To $18 From Here If This Happens
Este artículo también está disponible en español. Crypto analyst Ali Martinezpredicted that the Dogecoin price could rally significantly, leading to double figures for DO
Spot Bitcoin ETF trading volume tripled in March to $111 billion
Nancy Lubale5 hours agoSpot Bitcoin ETF trading volume tripled in March to $111 billionSpot Bitcoin ETF volumes soared to $111 billion in March, highlighting investors’ consistent interest in BTC.1421 Total views24 Tot