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Immutable chooses Axelar for canonical bridge to Ethereum

Press Releases
Immutable chooses Axelar for canonical bridge to Ethereum

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Sydney, Australia, Jan. 24, 2024, Chainwire

Axelar and Immutable have officially announced their integration, marking a significant advancement in web3 gaming interoperability.

Immutable chooses Axelar for canonical bridge to Ethereum - 1

This strategic collaboration enhances game studios’ ability to onboard players across more than 50 blockchains and increases liquidity through new user funding channels. It marks a level-up in scalability and reach for developers building the future of gaming.

In the inaugural phase, Axelar will facilitate direct access between Ethereum and Immutable’s new zkEVM chain, Immutable zkEVM – a Polygon-based ZK-rollup blockchain within Immutable’s web3 gaming platform. This chain provides EVM compatibility, low-cost transactions, scalability, and Ethereum-level security for gaming applications.

Key benefits of the Axelar network integration include:

  • Faster user onboarding: Games gain direct access to Ethereum users.
  • Asset bridging: Players can seamlessly move assets to and from Ethereum using Immutable Passport and Immutable Checkout, simplifying deposits and withdrawals.
  • Cross-chain scalability: Games now have the capability to scale across multiple blockchains.

Michael Powell, head of product marketing at Immutable, said:

“Web3 games deploying on Immutable zkEVM, coupled with Immutable Checkout, can now connect to player wallets across the largest network of blockchains. Players will be able to seamlessly interact in-game with digital assets stored on any connected blockchain through Immutable Passport.”

Additionally, the native utility token of the Immutable ecosystem, IMX, will be securely bridged to the new Immutable zkEVM environment.

IMX is utilized for transaction fees and to incentivize users and developers to meaningfully contribute to the Immutable ecosystem.

Sergey Gorbunov, CEO of Interop Labs, the initial developer of Axelar network, said:

“The integration of Immutable serves as an expansion pack for the Axelar ecosystem, complementing a platform that already supports interoperability for Web3 game platform leaders like Decentraland and XPLA. This represents a significant step towards achieving interoperability in game development and metaverse environments, a concept discussed since the advent of web3.”

Jean-Yves Martineau, CTO at SimWin Sports, said:

“With Axelar interoperability integrated into Immutable Checkout, games on Immutable zkEVM are able to onboard transaction-ready players from the entire Ethereum ecosystem. The fragmentation of user funds has traditionally been a user acquisition hurdle for the web3 gaming industry, but Immutable and Axelar are breaking down those barriers and ultimately fueling fan engagement for SimWin Sports’ AI driven sports simulations. Furthermore, the ability for players to withdraw assets back to Ethereum L1 only reinforces the fact that players truly own their in-game items.”

With the integration into the Axelar network, games built on Immutable zkEVM can now extend across an ever-increasing number of connected blockchains, currently at 56, featuring built-in programmability, security, and scalability at the cross-chain network layer.

About Axelar

Axelar is the full-stack interoperability layer for web3.

The network enables blockchain as a new kind of development platform, integrating diverse networks into a seamless “Internet of blockchains.”

Axelar is programmable and decentralized, secured by a proof-of-stake token, AXL. Application users access any digital asset or application, with one click.

Developers work with a simple API and access an ecosystem of tools and service providers.

About Immutable

Immutable is on a mission to bring digital ownership to every player by making it safe and easy to build web3 games.

Co-founded by James Ferguson, Robbie Ferguson and Alex Connolly in 2018, Immutable is headquartered in Sydney with a team of over 250. It is also backed by top transformational tech investors like Temasek, Tencent, Coinbase, BITKRAFT Ventures, King River Capital, Galaxy Interactive and more.

The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum.

The product suite includes prebuilt solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalized Web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with multiple zk-based scaling options, including Immutable X, a rollup based on StarkWare technology, and Immutable zkEVM, powered by Polygon.

The studio pioneered the NFT trading-card game Gods Unchained and is currently building a mobile RPG Guild of Guardians. Alongside its own titles, Immutable Games partners with third-party game developers to provide them with strategy and execution expertise aimed at ensuring the success of every Web3 game deployed within the Immutable ecosystem.

Users can join the Immutable community on Discord, Reddit, Twitter, Instagram, Telegram and Youtube

Contact

PR Director
Karla Vilhelem
Market Waves
[email protected]

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.