The Immutable zkEVM Testnet has gone live, according to an announcement made by Immutable and Polygon on Twitter. The teams are already working on the release of the Mainnet, which is scheduled for Q4 this year. The hype surrounding zkEVM has not been reflected in the price of IMX, as the crypto saw its price drop by 0.19% over the past day.
The Immutable zkEVM Testnet is now live! Welcome to the true home of gaming on Ethereum.
Building a great web3 game has never been easier.
Start building today: https://t.co/QG2hSaTyyU pic.twitter.com/inaKeD6oWJ
— Immutable (@Immutable) August 14, 2023
A strategic partnership was announced between Polygon Labs and Immutable a few months ago, to develop the Immutable zkEVM powered by Polygon. The wait has now come to an end, as the Immutable zkEVM Testnet is finally available.
A moment we’ve been waiting for and a first of its kind: Immutable zkEVM Testnet is live.
Combining the benefits of @0xPolygon zk-rollup technology w/ the power of the Ethereum ecosystem, all while offering access to the entire suite of @Immutable gaming products.
→ Decreasing… pic.twitter.com/Fd8FEUdxDr
— Polygon (Labs) (@0xPolygonLabs) August 15, 2023
Polygon has stated that the Immutable zkEVM is a chain specifically designed for gaming, featuring compatibility with the EVM, cost-effective operations, extensive scalability, and top-level security suitable for enterprise use. The zkEVM combines the benefits of zk-rollup technology with the power of the Ethereum ecosystem, while also providing access to a range of gaming options from Immutable.
IMX Price Hasn’t Reacted to the News
According to a blog post by Polygon, their teams are already working towards the release of the Mainnet, which is currently planned for the fourth quarter of this year. The project has received an overwhelming amount of support from the community, leading many to wonder about the potential impact of the testnet release on the price of IMX.
Despite the excitement surrounding the launch of the zkEVM testnet, the price of IMX has not yet been affected. According to CoinMarketCap, IMX was trading at $0.6979, having decreased by 0.19% over the past 24 hours.
The 24-hour trading volume for IMX was $15,267,625, representing a decrease of 1.08% from the previous day. Additionally, IMX’s performance over the past week has not been particularly strong, with a decline of more than 3%. This development is a monumental step forward in empowering developers and enabling users to truly own their in-game assets.
