Immutable zkEVM 🎮
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles Dear Bankless Nation, Immutable is a pioneer in scaling web3 games… And Polygon is a scaling suite on the verge of launching the Polygon zkEVM, a new style of L2 that will boast many UX advantages… Cross these giants together and you get Immutable zkEVM, a scaling solution to be launched later this year that’s poised to be a real game changer (ha ha) for NFT gaming. For today’s post, then, let’s dive into the basics of the newly-announced Immutable zkEVM and touch on some of the games in the Immutable ecosystem you can explore while you wait for this powerful new L2 to arrive! -WMP 🙏 Thanks to our sponsor ACROSS👉 Across.to is the bridge you deserve! Immutable Goes zkEVM with PolygonSome zkEVM Context…Ethereum’s transition from a monolithic chain with limited scalability to a modular design involves adopting L2 solutions like optimistic and ZK rollups, which execute transactions offchain and submit aggregated, “rolled up” data onto the Ethereum L1. While optimistic rollups like Arbitrum have long been compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port over their app code, the arrival of the first zkEVMs (ZK rollups compatible with the EVM) will enable devs to migrate their smart contracts to ZK-style scaling without rewriting code. Combine this UX leap with the inherent privacy and security advantages ZK rollups enjoy through their use of “zero knowledge” cryptographic proofs, and you land at zkEVMs being poised to be highly competitive against optimistic rollups in the future. The Immutable zkEVM AnnouncementImmutable and Polygon just announced a strategic alliance to foster web3 gaming through the development of the Immutable zkEVM, an EVM-compatible ZK rollup that will be powered by Polygon zkEVM technology. The new L2 is slated to be released “in the coming months,” per Immutable, and it will complement and expand upon the capabilities of Immutable X, the Immutable team’s first Starkware-based gaming L2 that’s very performant but doesn’t support general custom smart contracts.
Why It MattersThe Immutable zkEVM aims to optimize for web3 game development, allowing both large studios and indie devs to offer excellent UX to players while enjoying lots of flexibility themselves with expressive, Ethereum-like smart contract UX and the ability to easily migrate their games from Ethereum or any other EVM network without code changes. With that in mind and considering the teams involved, the Immutable zkEVM could potentially emerge as not only the dominant gaming L2 within the Polygon ecosystem, but also the leading gaming L2 in the broader cryptoeconomy for the foreseeable future. 
➡️ Potential impact 1️ With this partnership, Immutable may become the de-facto gaming chain for Polygon. 2️ Both Immutable and Polygon are BD powerhouses. The two held top positions based on the number of funding announcements of games per chain h/t @Delphi_Digital @JACL_e9
Additionally, Immutable’s native $IMX token is being upgraded in phased fashion in tandem with the Immutable zkEVM rollout, including to serve as the new L2’s gas token for paying transaction fees. As such, Immutable is creating a new blueprint that other teams can consider with regard to evolving tokenomics “in prod” upon new L2 advances.
Immutable Games to WatchWhile Immutable’s gaming scene is early on, it’s still teeming with dozens of varied projects you can explore. If you want to get some more experience in this scene ahead of the zkEVM launch, here’s a list (full directory here) of some of the leading games that operate in the Immutable ecosystem today:
Zooming OutWill other L1s and L2s similarly embrace zkEVMs? I definitely think we’ll see more of this type of move, and in embracing Polygon zkEVM tech Immutable’s laying the groundwork for how other projects, NFT-based or otherwise, can evolve toward the best that ZK-based scaling has to offer. Conversely, this partnership is but a taste of what’s to come with regard to Polygon’s plans of becoming a large ecosystem of many different chains! 
We have 100+ large scale app chains building on Polygon already. Imagine these chains start generating 100s of millions in gas fees, that becomes the yield for the MATIC stakers and delegators, which further increases network’s economic security. 6/n
Action steps
Author BioWilliam M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond! Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge. 🙏 Together with ⚡️ACROSS⚡️Across is the bridge you deserve: fast speeds, low fees, great support, no hacks, and we love our users. Try it once and you’ll understand why Across users love us back and have bridged $billions with it. Yield farmers will also find attractive yields for providing bridge liquidity! 👀
👉 If you have questions, check Twitter or the Discord! Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.
Read Metaversal in the app
Listen to posts, join subscriber chats, and never miss an update from William M. Peaster.
|
