- Immutable and Polygon announced on Twitter today that the zkEVM Testnet has gone live.
- The teams are already working on the release of the Mainnet which is scheduled for Q4 this year.
- The hype surrounding zkEVM has not been reflected in the price of IMX as the crypto saw its price drop by 0.19% over the past day.
Immutable (IMX) announced on Twitter today that its zkEVM Testnet is officially live. A few months ago, Polygon Labs and Immutable joined forces, unveiling their strategic partnership and the vision to develop the Immutable zkEVM powered by Polygon. Today, the wait is over as the Immutable zkEVM Testnet becomes a reality.
Polygon also took to Twitter to make the testnet launch announcement and to share some of the benefits that zkEVM will provide its users. According to the post, the Immutable zkEVM is a specialized chain designed for gaming that boasts EVM compatibility, economical operations, expansive scalability, and top-tier security tailored for enterprise use.
Polygon also pointed out that zkEVM amalgamates the advantages of zk-rollup technology with the Ethereum ecosystem’s prowess, simultaneously granting entry to an array of Immutable’s gaming offerings. zkEVM’s main priority will be to create a gaming ecosystem that benefits players, studios, and developers, according to Polygon.
On their blog, Polygon also shared that their teams are already hard at work to release the Mainnet release which is currently scheduled for Q4 this year. Meanwhile, the “astounding” support the project has received from the community made many people question what the effects of the testnet release will be on the price of IMX.
At press time, the zkEVM hype has not yet been reflected in the IMX price. CoinMarketCap indicated that IMX was worth $0.6979 after its price fell by 0.19% over the past 24 hours of trading.
Additionally, IMX’s 24-hour trading volume stood at $15,267,625, which was a 1.08% decrease since the previous day. Moreover, the cryptocurrency’s weekly performance was not looking much better as it was down by more than 3%.
Immutable was ranked as the 52nd largest cryptocurrency with its market capitalization of $783,951,251. This placed it between EOS in the 51st spot and Tezos which was ranked 53rd.
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