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The Immutable X platform aims to tackle the increasing energy cost and carbon footprint of producing non-fungible tokens (NFT) on the Ethereum network.
NFTs on Ethereum use gas to mint them on its proof-of-work blockchain. Immutable X has found a way to offset this drain on resources through scaling.
On March 30, BeInCrypto reported that over $1 million was spent in gas fees for the newly launched Polkamon NFT collection. So, there is a clear need to address this issue as they grow in popularity.
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