Immutable X: Solving Liquidity for NFTs

Despite a large portion of NFT volumes residing in Ethereum, the gas cost to mint or even conduct a simple transaction on marketplaces such as OpenSea is greater than the gas cost for a simple swap on decentralized exchanges such as Uniswap. 

As a result, some projects have chosen layer-1 chains that offer cheaper and faster transactions to build or expand their NFT marketplaces. Others chose to build NFT scaling solutions (e.g., Flow, WAX, Ronin, and Immutable X) because they believe the target audience is better served by a specific chain rather than a general-purpose layer-1 chain (e.g., BNB Chain, Solana, or Polygon).