Immutable Delayed Granting of $67M Tokens by One Year

By One Year Immutable Delays $67 Million Worth Tokens

An Ethereum layer-2 NFT scaling solution, Immutable has postponed the vesting of 125 million IMX tokens, valued at $67 million, until July 2024. Co-founder of Immutable, Robbie Ferguson announced a decision on 17 October that aims to strengthen the project's long-term sustainability. The tokens will be following a linear monthly vesting time table. Immutable currently shows pride in over 200 funded games, and its treasury has a four-year runway for its 270 employees. From the 2 billion IMX tokens, 52% are allocated for project development and ecosystem incentives. The roadmap of the project includes launching a zero-knowledge Ethereum Virtual Machine (zkEVM) and cross-rollup liquidity, along with the introduction of blockchain games.