Token behavior
The token made 5 x's from the bottom. After a small dump, it recovers well relative to other coins. It can be seen that MM was turned on.
At the moment, 64% of tokens are in circulation.
The command again moved the unlock rewards for developers in the amount of 125 million IMX (~$250 million) to July 2024, showing that there is no need to fear a token overhang.
Moreover, the project itself does not sell Foundation tokens - they have 644 million IMX tokens unlocked< !--/noindex--> ($1.3 billion), as well as tokens GOG and GODS for $86 million.
And another 346 million IMX tokens ($710 million) are in loque Foundation.
The FDV of the project exceeded $4 billion.
Let us recall that the funds entered the last round in 2022 at a valuation of $2.5 billion.
Team
Robbie and James Ferguson. Co-founder and CEO
Interesting:
- Robbie studied to be an IT specialist, and James studied law and commerce. Only James graduated from the university, received scholarships and bonuses for his studies, but Robbie was expelled from the university.
- Robbie had not worked anywhere before IMX, and James was the co-founder of a platform for e-sports tournaments, as well as a platform for creating one-page websites.
The team is experienced, has been in the crypt for 5 years, and survived the bear very competently.
Finance
The project raised ~$300 million with the participation of Fabric Ventures, Animoca Brands, BITKRAFT Ventures, etc. And the latter the round was in March 2022 for $200 million.
At the beginning of 2023, it was stated that the company had a reserve of funds of $280 million.
In 2022, Immutable filed a report with the Australian SEC, which said revenues were $27 million and expenses were $83 million, $45 million of which was for employees, consultants and freelancers. After which the company fired 11% of its employees.
By Latest data from co-founder Robbie Ferguson, the company has funds for 4 years of work for a team of 270 people.
Immutable's competitors
Rating Immutable has already greatly outperformed other gaming blockchains - MultiversX< /a>, Ronin, WAX and others. The project is clearly aiming at a higher place, perhaps the next goal is Polygon with an FDV of $8.8 billion.
Immutable ranks 5th among all blockchains in terms of the number of games on it:
Among L2 blockchains, it is the leader:
You can also note Immutable’s work in attracting games from other blockchains. It is quite a bit behind Polygon in this regard.
The release of new games on Immutable as a growth driver
Immutable has been actively investing over the past few years. And these new games are ready to come out, which will attract many users to the blockchain, and increase the number of transactions for in-game and NFT purchases. Ultimately, several games could grow into billion-dollar unicorns, giving Immutable a boost. Such forecast gives Vaneck.
Games that are about to be released:
Illuvium - RPG game in the fantasy genre.
FDV - $802 million (we are waiting for the game to come out of beta)
Investors: $105 million from Delphi Digital, framework Ventures, YGG, BitScale Capital, etc.
Ember Sword - MMORPG
No token
Investors: $700K from Play Ventures, Galaxy interactive, etc.
Guild of Guardians - RPG
FDV - $147 million
Investors: $6.7 million from Alameda Research, YGG and Double Peak Group. Participated in the sale on Coinlist.
EXVERSE - 3D shooter Battle Royale
No token < /p>
They didn’t find any investors, the admins said they wouldn’t announce them for now.
MetalCore - MMO Shooter
No token < /p>
Investors: $15 million from YGG, Animoca Brands, Merit Circle, Delphi Ventures, BITKRAFT Ventures, etc.
< !--noindex-->Shardbound - MMO Strategy
No token
90 thousand pre-registrations reported
Investors: $5 million from Sfermion, BITKRAFT Ventures, Foresight Ventures, etc.
At least 130 projects stated that they would work on Immutable, and another 80 did not announced this. Surely announcements are being prepared.
Immutable Passport
The project is configured for mass adoption. With their Immutable Passport, they want to become the equivalent of Steam in crypto. To make it easier for non-crypto people to play without seed phrases, just using email as a login. The passport will also allow you to play different games on Beam and Immutable using one passport, judging by the latter announcement about cooperation.
Project hype
Project competently increases activity on social media. networks and media through partnerships:
- Launch of Immutable zkEVM together with Polygon Labs at the end of 2023/beginning of 2024 (launched a testnet in August);
- Partnership with Ubisoft;
- Illuvium launched Overworlds blockchain game on Immutable;
- Immutable, Beam and Polygon Labs partnership;
- VanEck expects the IMX token to enter the top 25 by market cap;
- Launch of Immutable Passport.
- The team is not merges tokens, transfers unlocks;
- Founders look and act like alpha;
- The project has a large reserve of money in USD for operating expenses and more than $1.4 billion in IMX tokens;
- Many new games are being prepared for release, and games are also moving from other blockchains. We are waiting for announcements, hype, growth of indicators.
- Launch of Immutable zkEVM on Polygon technology;
- Expanding influence in Web3 using our technologies. For example, Immutable Passport will be used by a competitor, BEAM, for convenient entry into games;
- The project is creating an analogue of Steam in the crypt;
- The project is clearly preparing for the rapid growth of the ecosystem and traffic. For example, concluded partnership< /a> with Transak for payments in crypto (Transak supports payments via card, as well as Apple Pay and Google Play).
- The coin is very popular and has been around since the days of Coinlist. Many people hold it.
- IMX is a strong project with great ambitions and the desire to become a leader among gaming blockchains and create an analogue of Steam in the crypt.
- The project has many drivers for growth and is fundamentally strong.
- We believe that this is an excellent bet on a leader in the P2E sector.
Result
Growth drivers:
Cons:
