Profile of Immutable_X in ApeCoin
Posts by Immutable_X
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AIP Informational Proposal: Ape Into Your Free NFT (Powered by Immutable X & Kolex)
by Immutable_X - No Role
Posted on: July 25, 2022, 11:55 a.m.
Content: @river:
We are content with the feedback received, thank you.
FYI: https://apesonl 2 .com/ is now live!
Likes: 1
Replies: 0
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AIP Informational Proposal: Ape Into Your Free NFT (Powered by Immutable X & Kolex)
by Immutable_X - No Role
Posted on: July 19, 2022, 12:15 a.m.
Content: Hi @river -
Can we please extend community discussion for an additional 7 days?
Likes: 1
Replies: 0
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AIP Informational Proposal: Ape Into Your Free NFT (Powered by Immutable X & Kolex)
by Immutable_X - No Role
Posted on: July 12, 2022, 9:19 a.m.
Content: PROPOSAL CATEGORY:
Informational Proposal
ABSTRACT:
Immutable X and Kolex have teamed up to celebrate the ApeCoin DAO by minting 100 K free NFTs for APE token holders. The mint is a proof-point of layer- 2 ’s scale and security in the wake of the ApeCoin DAO’s decision to stay on Ethereum, which we strongly support. $APE is fully supported on Immutable X’s Layer 2 protocol today, so all NFTs can be priced in $APE!
All secondary market fees and sales of NFTs after the free mint period will be donated to a worthy charity selected by the ApeCoin DAO community.
APE Coin holders who have $APE in their wallet as of 9 : 00 AM PST Monday, August 1 will be able to claim their pack at 9 : 00 AM PST Wednesday, August 3 rd and the claim period will be 7 days. $APE holders will be able to mint their free NFT at www.apesonl 2 .com.
MOTIVATION & RATIONALE:
Immutable X is excited to continue building trust with the ApeCoin DAO community and prove why Immutable X should be Yuga’s / Otherside’s trusted Layer 2 Scaling Partner on Ethereum (especially since ApeCoin DAO has voted to remain on Ethereum). This Informational Proposal is a follow-up to Immutable’s “AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner” submission in May 2022 .
Immutable X (Ethereum’s Leading Layer 2 scaling solution) has partnered with Kolex, the prominent NFT collectibles platform, to launch this ApeCoin drop. Kolex is behind prominent projects including partnerships with DC Comics and Green Park Sports, and its own brands including Epics.gg, Kolectiv and Cryptees.
Immutable X and Kolex are excited to gift these NFTs to the ApeCoin DAO community, allowing all $APE holders to experience the instantaneous, gas-free minting/trading experience on Immutable X, whilst directly benefiting the $APE token.
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KEY TERMS:
NFT blind packs containing one of three possible NFTs
Rarity Schema ( 100 K total NFTs):
80 , 000 Commons
19 , 990 Rares
10 Mythics
Charity:
Upon launch, Immutable X will propose an AIP for the community to vote on the charity for which all proceeds of the primary and secondary sales will be donated to.
SPECIFICATIONS:
Free for Apes: $APE holders as of 9 : 00 AM Monday August 1 can claim 1 free NFT.
0 Gas: minted on Ethereum Layer 2 , completely gas free.
Free to mint for $APE holders during the free claim period, then the unclaimed NFTs will be available for 1 $APE for 30 days with all proceeds going to charity. Anything unsold will be burned at the end of the 30 day period.
Secondary Trading: NFTs will be minted on Immutable X’s global orderbook, meaning APE NFTs can be priced in $APE on the secondary markets.
ALL secondary market sales and fees of NFTs after the free mint period will be donated to a worthy charity selected by the ApeCoin DAO community.
STEPS TO IMPLEMENT & FAQs:
At 9 : 00 AM August 3 rd, any wallet that held $APE as of the snapshot date will be able to mint their free NFT at www.apesonl 2 .com.
Each NFT will be sealed inside of a blind pack which can be opened on the minting site, traded on the secondary market or stored in your wallet.
NFTs claimed will be able to be listed, in $APE, on https://market.immutable.com/ using the integrated secondary market powered by Kolex, or any marketplace that supports the Immutable X shared order book.
How much do these cost?
If you were an $APE coin holder as of the snapshot date, you can claim one free NFT pack during the free claim period. After this period, each remaining pack will be priced at 1 $APE (with all proceeds donated to charity).
When was the $APE holder snapshot taken?
The snapshot of all wallets owning $APE will be taken at 9 : 00 AM PST, Monday August 1 st.
How many NFTs can I mint?
Each wallet that owned $APE at the time of the snapshot can mint one free NFT pack during the free mint period. After the free mint period ends, anyone can mint the remaining NFTs for a price of X $APE with proceeds from the mint going to charity.
Do I need ETH in my wallet to claim my pack?
Nope, just connect your wallet and if you were a holder before the snapshot you can claim a pack with no gas fee or ETH required.
TIMELINE:
Snapshot Date: 9 : 00 AM PST, Monday August 1 st
Free NFT Pack Claim Period: 9 : 00 AM PST Wednesday August 3 - 9 : 00 AM PST Wednesday August 10
Ability to trade on https://market.immutable.com/ immediately or any market place that supports Immutable X.
OVERALL COST:
Free to claim for any $APE holder
COMMUNITY COMMENTS TO INITIAL IMMUTABLE X LAYER 2 PROPOSAL:
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AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner
by Immutable_X - No Role
Posted on: June 2, 2022, 11:07 a.m.
Content: Hi @river,
Can we extend the community discussion for 7 days?
Likes: 1
Replies: 1
Replies:
- river: Hi @Immutable_X,
Thank you for being part of the community, we love the collaboration. We are happy to keep the topic open for another 7 days
- river
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AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner
by Immutable_X - No Role
Posted on: June 1, 2022, 6:32 p.m.
Content: See you there @ 0 xSword !!! :fire: :fire: :fire: :fire:
Likes: 1
Replies: 0
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AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner
by Immutable_X - No Role
Posted on: June 1, 2022, 3:28 p.m.
Content: Hey @mg and @ 0 xSword - Lets do it. Keep an eye out for a Twitter Spaces speaker invite 5 minutes before we go live!
Likes: 1
Replies: 0
No replies yet.
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AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner
by Immutable_X - No Role
Posted on: May 31, 2022, 10:07 p.m.
Content: @ 0 xSword @mg @apein @GuruOfTroyHill (and the rest of the ApeCoin Community): We hear you!
Immutable X is hosting a Twitter Spaces Town Hall on Thursday (June 2 ) @ 7 PM PST to answer questions raised in our proposal comments. Robbie Ferguson (Co-Founder & President) will be moderating.
Is a representative from the ApeCoin DAO community interested in co-hosting with Robbie? Comment here and we can set it up - would love to have you as a part of the dialogue.
Information below:
twitter.com
Immutable | $IMX ⓧ
@Immutable
We're hosting a Twitter Spaces AMA w/ @ 0 xferg on Thursday 6 / 2 at 7 : 00 PM PST to discuss our IMX L 2 @apecoin DAO proposal.
Please ask any and all questions in the comment section below or in the proposal forum:
https://t.co/raFdRL 6 SND
#KeepApesOnEth
6 : 59 PM - 31 May 2022
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Likes: 3
Replies: 1
Replies:
- mg: Immutable_X:
Is a representative from the ApeCoin DAO community interested in co-hosting with Robbie? Comment here and we can set it up - would love to have you as a part of the dialogue.
I’d be happy to participate. Not sure I’d be able to co-host but I’d definitely be happy to jump on and into the conversation.
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AIP Idea: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner
by Immutable_X - No Role
Posted on: May 27, 2022, 11:32 a.m.
Content: ABSTRACT:
We propose that ApeCoin DAO remains part of the Ethereum ecosystem by partnering with Immutable X L 2 ; Immutable X is the first cross-liquidity scaling protocol for NFTs on Layer 2 . The platform is built on StarkWare’s layer 2 engine, leveraging zero-knowledge technology to achieve significant scalability on top of Ethereum without compromising on security or decentralization.
So far Immutable has minted more than 50 million NFTs and processes more NFT trades per month than any other blockchain or L 2 - all without compromising Ethereum security, 100 % gas-free minting/trading, and allowing for instant transaction settlement.
Immutable X has raised over $ 280 M USD, at a $ 2 . 5 B valuation with over 300 employees globally. The top blockchain games and projects in the world are built on Immutable X; including Illuvium, EmberSword, Gods Unchained, Guild of Guardians, TikTok, GameStop, DC Comics, and many more.
MOTIVATION:
Living on Ethereum is key for ApeCoin’s community, and Yugaverse’s continued investment into the Otherside metaverse. Arguably ApeCoin continuing to live on Ethereum is also key for the Ethereum community. It was the BAYC that first brought NFTs to the mainstream audience and got us to a point where the likes of Jimmy Kimmel, Justin Bieber, and Stephen Curry now all own Ethereum assets. ApeCoin forms an important part of Ethereum’s history and hopefully long term future.
Ethereum is the secure blockchain and is where the majority of NFT network effects are; particularly in gaming. The only way for ApeCoin to take full advantage of Ethereum’s unrivaled benefits AND provide a seamless UX (e.g. 0 gas, instant trade settlement, mass-liquidity, and Ethereum security) is via Layer 2 s.
Immutable X is the first liquidity protocol for NFTs on Ethereum Layer 2 powering the next generation of web 3 games and projects. Utility NFTs, like game assets, have traditionally struggled to achieve strong liquidity at a huge scale without compromising decentralization or security. Immutable X exists to solve those problems and allow hundreds of millions of users to own their assets, while playing the world’s biggest games.
Web 3 gaming is in Immutable’s DNA; the protocol is dedicated to enabling the highest possible volume and liquidity for games - with the vision of reaching planet-scale. The Immutable X protocol powers some of the largest web 3 games currently in existence, including Gods Unchained, Guild of Guardians, Illuvium, EmberSword and PlanetQuest - with many more launches and announcements coming soon.
In addition to being ApeCoin’s Trusted Settlement Layer, Immutable X will be a strategic partner - consulting the ApeCoin community cross web 3 economy building, game mechanics, marketing and design as the Yugaverse continues to innovate and provide world building experiences to the ApeCoin community – all at planet Ape scale.
RATIONALE:
Immutable X as ApeCoin’s trusted Layer 2 scaling partner on Ethereum will result in an immediate gas-free minting/trading environment for holders and instant liquidity across the fragmented NFT ecosystem.
Immutable X has minted over 50 million NFTs and in April processed more NFT trades than any other blockchain or Layer 2 – all gas free and 0 reliance on trusted bridges.
Immutable X is at the forefront of Layer 2 innovation; most recently announcing the first cross-rollup liquidity layer for NFTs, which will allow multiple L 2 /L 3 zk-rollups with StarkNet. This showcases Immutable X’s core mission of bringing scaling and liquidity solutions to the next billion players of web 3 games.
Immutable X is a zk-rollup, built using StarkWare’s StarkEx prover/verifier system. This means Immutable orders a batch of L 2 transactions, generates a STARK proof that those transactions are valid, and submits that proof to an L 1 smart contract “verifier” which updates some L 1 state (in our case, the root of a merkle tree containing millions of user NFTs/balances). Importantly, this scales substantially better than natively batching transactions, as STARK proof verification cost scales sub-linearly with the number of transactions. All state transitions must be verified by an L 1 smart contract; Immutable can never insert invalid transactions into the rollup, or steal assets, even if Immutable’s systems were fully compromised. This is an extremely strong security property, and part of the reason Vitalik described rollups as the “key scalability solution for Ethereum for the foreseeable future.”
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Immutable X is built on a global, protocol-level orderbook, meaning any orders which are created anywhere on the Immutable X protocol are immediately visible on any IMX-integrated marketplace. Our goal is to build an ecosystem where hundreds of niche and natice marketplaces can coexist with larger, aggregating marketplace. Immutable X has publicly announced integrations with OpenSea, GameStop, Rarible, TokenTrove - with many more on the way. This will allow immediate liquidity for ApeCoin community holders.
Immutable X offers a vertically integrated platform, not just a rollup; with a full offering of products (orderbook, minting tools, trading primitives, wallet, marketplace, etc) that is accessible via REST APIs and an SDK. No solidity experience is required.
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KEY TERMS:
Immutable X Platform: APIs & SDK, allowing immediate access to minting/trading primitives.
Commercials: 2 % protocol fee on primary and secondary NFT sales*. Does not apply to transferring $APE tokens between wallets, including from L 1 to L 2 (Immutable X). For full transparency this 2 % protocol fee breaks down as follows:
0 . 4 % - Staking rewards, it will soon be possible for $IMX token holders to stake their tokens and and earn yield from this portion of the Protocol fee
1 . 6 % - Covers costs to run ImmutableX Platform
Carbon offset cost - All NFTs traded on Immutable X are completely carbon neutral, offsetting the carbon footprint with certified climate conscious partners, Trace and Cool Effect.
L 1 gas - ImmutableX covers all the L 1 gas costs needed to run the platform.
Integrated 3 rd parties, Magic.Link, Moonpay, Starkware
Platform R&D and ongoing product development
Support teams, partner success, strategic guidance
*Protocol fee cap is on Immutable roadmap
$IMX Token Grant: to be discussed with the Yuga team. Available for staking in Q 3 .
Support for the $APE token on par with that provided to $IMX and our game specific tokens $GOG and $GODS. This includes NFT orders listed in $APE, airdrops and staking once available on the platform in Q 3 .
SPECIFICATIONS:
Immutable X Support:
Technical / Product:
Dedicated solutions engineering team to thoroughly map integration with Immutable X end-points.
Integration engineering support to walk Yuga Labs / Otherside development team through the start-to-finish integration process.
Thorough QA testing sessions (live), dedicated war-room setups for each YugaVerse drop for real-time technical troubleshooting and community management.
Direct line with Immutable X’s CTO, Head of Solutions Engineering, and CEO/President.
Opportunity for feedback/input on Immutable X’s product and features roadmap.
Go-To-Market, Community and Marketing Support:
Dedicated GTM strategy purpose-built for each NFT launch for the ApeCoin community. Will consist of repeatable playbooks/cheat sheets for Utility, Community, Twitter Strategies, Discord Strategies, Whitelisting options/approaches and broader marketing and community playbooks.
ApeCoin community will have access to all games, marketplaces, projects, and valuable IP building on Immutable X for unique co-collaboration opportunities; spanning joint launches, interoperable metaverse points, AMAs, live events, etc. ApeCoin can take advantage of the full Immutable X ecosystem.
Web 3 Gaming Advisory
Provide the ApeCoin community direct access to the Immutable Studio team (the creators behind Gods Unchained and Guild of Guardians) led by an executive team with experience at Riot, Activision, Electronic Arts, and more
Access to Immutable’s playbooks and best practices for building Web 3 games
Financials:
Access to $IMX 500 million fund to incentivize ecosystem growth and development.
STEPS TO IMPLEMENT
Executive Alignment: Immediate meeting between Yuga Labs and Robbie Ferguson (Co-Founder & President) and Alex Connolly (Co-Founder & CTO) ASAP.
Integration Scoping: Yuga Labs and Immutable Solution Engineers to map integration with Immutable X API endpoints.
Integration: Immutable X integration engineers to work closely with Yuga Labs development team; including detailed QA’ing.
Proof of Value: Immutable X mints the same number of Otherside NFTs at 0 cost to Yuga Labs, and ApeCoin community users.
Partnership: Develop Joint Business plan for deepening the Immutable X & Yuga Labs relationship.
TIMELINE
Executive Alignment: ASAP
Integration Scoping: 1 week
Integration: 2 - 4 weeks
Proof of Value: 2 - 3 weeks (dependent on upcoming Otherside launches)
Partnership: Ongoing
OVERALL COST
Zero cost to integrate, mint/transfer assets
2 % Primary/Secondary Sales fee
For full transparency this 2 % protocol fee breaks down as follows:
0 . 4 % - Staking rewards, it will soon be possible for $IMX token holders to stake their tokens and and earn yield from this portion of the Protocol fee
1 . 6 % - Covers costs to run ImmutableX Platform
Carbon offset cost - All NFTs traded on Immutable X are completely carbon neutral, offsetting the carbon footprint with certified climate conscious partners, Trace and Cool Effect.
L 1 gas - ImmutableX covers all the L 1 gas costs needed to run the platform.
Integrated 3 rd parties, Magic.Link, Moonpay, Starkware
Platform R&D and ongoing product development
Support teams, partner success, strategic guidance
WHY IMMUTABLE X?
Immutable X knows what it takes to build planet-scale web 3 games that are fun to play; from the underlying technical and liquidity infrastructure to bringing complex, multi-faceted game economies to a precious community for the first time. We’ve been bridging the gap between highly technical and complex blockchain technology and mass-audience adoption for years, and firmly believe that ApeCoin DAO and Immutable X are uniquely positioned to transform the way web 3 games can be built around the most valuable, digitally-native IP in the world.
IMMUTABLE X THOUGHT LEADERSHIP AND CUSTOMER EXAMPLES
Partners:
GameStop taps Immutable X for NFT Marketplace
EmberSword migrates to Immutable X from Polygon
Why did Illuvium choose Immutable X?
Rarible to Access Gasless and Carbon Neutral Gaming NFTs via Immutable X
Gods Unchained: The Biggest Trading Card Blockchain Game
Warner Bros. to Launch Hybrid Physical and Digital DC Comics-Themed NFT Trading Card
Guild of Guardians: How to create a sustainable NFT game economy and why it matters
TikTok and Immutable X Moments Launch
OKX DeFi Portal MetaX Integrates Ethereum Layer 2 Immutable X
GaryVee’s Successful Book Games NFT Launch will Go Down in History as a Game-Changer
PlanetQuest, Immutable X to launch world’s first 3 D Planet NFT
NFTrade Enhances Marketplace with Immutable X NFTs and Scaling Solution
Kongegrate Partners with Immutable X to Bring Fun to Blockchain
Largest mobile-first digital collectibles platform, VeVe, Partners with Layer 2 Protocol Immutable X to Empower Carbon Neutral and Gasless NFT minting and Marketplace on Ethereum
Disney and VeVe announce Mickey Mouse NFT collectibles
Blocklords Chooses Leading Layer 2 Scaling Solution Immutable X to Power Its Medieval Metaverse on Ethereum
ESL Gaming Partners with Immutable X to Launch a Next Generation NFT Collectible Platform for CS:GO Fans Worldwide
Venly Now Supports Ethereum’s Leading Layer 2 Immutable X Into its Tech Stack
NFT Marketplace OpenSea plans to integrate Layer 2 protocol Immutable X
Immutable X Thought Leadership:
Immutable + StarkNet: Cross-Rollup NFT Liquidity
A Guide to NFT Platform Security
Immutable X Protocol Orderbook - Solving Order Fragmentation
Immutable Live Reveal: Scaling NFTs to a Billion Players with L 2 /L 3 - YouTube
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