Venly Announces Support for Ethereum (ETH) NFT Layer-2, Immutable X

Venly, a blockchain tech provider, is pleased to confirm its partnership with Immutable X, which is an Ethereum (ETH) Layer-2 scaling solution for non-fungible tokens (NFTs), in order to “popularize and enable unbeatable blockchain solutions to its growing audiences.”

Venly is a blockchain tech provider with wallet services, NFT APIs, an NFT marketplace, “as well as other integrations and services.”

Via the collaboration, Immutable X aims “to easily onboard users via the semi-custodian Venly wallet (with seamless signup via Email, Google, Facebook, or Twitter) and then use the different Venly tools and market to interact with Immutable X.”

As mentioned in an update shared with Crowdfund Insider, Venly is “incorporating Immutable X into its developed tech network, which already boasts major partners, including Gods Unchained, TikTok, Gamestop, Ember Sword, and Habbo.”

The partnership will allow users “to interact with the Layer 2 protocol and expansive community in unique ways on Ethereum while gaining access to Venly’s advanced infrastructure.”

Venly’s users will also be able to “trade their Immutable X-powered NFTs with zero gas fees, 100% carbon neutrality, and massive scalability on the Venly marketplace.”

Plus, all NFTs on the Layer 2 protocol will “directly inherit Ethereum’s unparalleled security.”

For projects and merchants, the partnership “will mean the possibility of easy selling of Immutable X-powered NFTs via the Venly Market and Shopify as well as interacting with many Venly API solutions.”

Venly currently supports more than 12 blockchains, and now, Immutable X will be “added to the preferred solutions, including Polygon, BNB Chain, Avalanche, and Hedera.”

Via Immutable’s NFTs and gaming knowledge, and StarkWare’s zk-rollup tech, Immutable X and all the projects built on its protocol are able “to scale rapidly with all the security and decentralization capabilities of Ethereum.”

With blockchain gaming growing rapidly, Immutable X is set “to capture the next 100 million people with all the security advantages and decentralization capabilities of Ethereum.” Now, Venly is “supporting Immutable X’s mission to attract new builders to the protocol.”

Tim Dierckxsens, the Co-founder and CEO of Venly, stated:

“As a blockchain-agnostic platform, we are happy to integrate another significant L2 into our offerings. After doing our due diligence, Immutable proved to be a highly reliable partner – and its value proposition was an important factor, too. We want everyone building on Immutable to know that they can now leverage Venly solutions to do that.”

Robbie Ferguson, Co-Founder at Immutable, remarked:

“We’re thrilled to work with Venly’s 2 million users and a ridiculously simple wallet for onboarding mainstream customers. Onboarding the next billion users into crypto requires seamless UX, and Venly is a gateway we’re excited to enable for all projects building on top of Immutable. We’re also thrilled to welcome Venly’s 2 million users, who can now easily use games and apps building on Immutable.”

As noted in the update, Venly (previously Arkane Network) is an L2 blockchain technology provider. It offers users of blockchain projects digital wallets “to store assets with a native solution that also works on mobile devices.”

Venly also recently launched the Venly Market “as the first-ever peer-to-peer and blockchain agnostic NFT marketplace and a Shopify NFT app on Polygon.” ‍

As covered, Immutable X claims to be “the leading Layer 2 scaling solution for NFTs to enable gas-free minting and trading, while not compromising the security of the most used blockchain globally for NFTs, Ethereum.”

The solution, powered by StarkWare’s innovative technology, “offers instant trade confirmation, massive scalability (up to 9,000 transactions per second), and fantastic developer and user experience.”

Immutable X has announced integrations “with established marketplaces such as OpenSea and Mintable, and is powering some of the largest NFT plays across consumer apps (TikTok), DeFi (SuperFarm), and gaming (GameStop, Habbo, Highrise, and more).”

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