By integrating Immutable X's technology into its marketplace, Mintable
hopes to tackle gas and scaling limitations for NFT traders.
Mintable marketplace announced
its partnership with Immutable X, a StarkWare-based layer-two solution
for nonfungible tokens (NFTs) on Ethereum, to make over 24 million NFTs
on Immutable X available for sale on Mintable. This integration will
enable users to deposit ETH and ERC-20 tokens with instant confirmation
and no gas fees.
According to Mintable’s Twitter thread, Mintable
and Immutable X share a vision to scale NFT marketplaces by offering
access to NFTs to the masses.
Although zero gas fees may sound appealing, the size restriction for gasless files is only 300 MB. Anything larger than that will incur gas fees.
Mintable’s blog statement also claimed
that neither decentralization nor user custody would be compromised.
Since assets are secured on the Ethereum blockchain, the project
believes that users will be able to securely manage their NFTtrading
experience.
According
to Immutable X, the project ensures that any NFT activity on its
protocol is completely carbon neutral. This doesn't mean it is carbon
emission-free but that it is purchasing carbon credits to offset any gas
consumed on Ethereum.
Robbie Ferguson, co-founder and president at Immutable, said about the partnership:
“We
want to be everywhere NFT fans are and Mintable’s dedication to break
new ground in empowering audiences with smart contracts is mind blowing.
We are excited to welcome the communities and work with Mintable app to
grow NFT marketplaces.”
Mintable also operates a decentralized autonomous organization (DAO) and is the first DAO to run
on NFTs instead of ERC-20 tokens. The Mintable NFT DAO relies on
MINT-voting NFTs. MINT holders can sell their voting NFTs on open
marketplaces.
source link : https://cointelegraph.com/news/mintable-app-to-support-minting-nfts-on-the-layer-2-immutable-x-protocol
