Immutable X Closes $12.5 Million in IDO Financing

TokenInsight news, NFT Layer 2 solution Immutable X has closed over $12.5 million in IDO funding on CoinList. Of the 720,000 accounts that registered for the IDO, only about 25,000 were reportedly qualified to purchase. Immutable X is a Layer2 protocol developed for NFT on Ether, which uses zk-rollup to enable gas-free casting and trading of NFT. Immutable X previously announced the closing of a $60 million Series B round of funding on September 14, led by BITKRAFT Venture, and King Rival Capital led the round.

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