NFT startup Immutable raises $12.5 million in under an hour

Immutable has completed a token sale on the CoinList platform. It took the Australian startup less than an hour to raise $12.5 million to develop a second-layer scaling protocol.

The record-breaking $IMX token sale on CoinList is complete! 🎉

— Over 720k unique registrations
— 25K+ new token holders in the @Immutable X community
— Raised over $12.5 million in less than 1 hour

A huge thank you to everyone for the incredible support & participation❤️ pic.twitter.com/gtpIcMANAU

— Immutable (@Immutable) September 27, 2021

According to representatives of Immutable X, the number of IMX token holders surpassed 25,000, and the number of registrations in the token sale reached 720,000.

The native asset IMX is positioned as a “Stripe for NFTs,” enabling gasless minting and trading of non-fungible tokens.

Developers who were unable to purchase tokens due to high demand on CoinList were offered a bounty of 30,000 IMX for building services on Immutable X by the end of September.

Representatives of the startup plan to integrate the protocol with major marketplaces such as Mintable and OpenSea.

Earlier Immutable raised $60 million following a Series B funding round.

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