- Polygon officially announces the testnet launch of Immutable zkEVM as mainnet scheduled for Q4 2023.
- MATIC has, however, failed to make any meaningful surge to reflect this milestone as the asset struggles to break its resistance levels.
Polygon (MATIC) recently announced a partnership agreement with Immutable to create Polygon-powered Immutable zkEVM. According to the latest announcement, the Immutable zkEVM testnet is finally online.
A moment we’ve been waiting for and a first of its kind: Immutable zkEVM Testnet is live.
Combining the benefits of @0xPolygon zk-rollup technology w/ the power of the Ethereum ecosystem, all while offering access to the entire suite of @Immutable gaming products.
→ Decreasing… pic.twitter.com/Fd8FEUdxDr
— Polygon (Labs) (@0xPolygonLabs) August 15, 2023
The official website describes Immutable zkEVM as a dedicated chain that provides low-cost, massive scale, EVM comparability, and enterprise-grade security. This is specifically designed for games, unlike the others that are created to support several applications and smart contract functionality.
The integration on Polygon was due to the need for games to be optimized for scale, native user experience, and speed. According to the press release, Immutable zkEVM unlocks several opportunities including revenue generation streams and community protection.
Immutable zkEVM enables you to grow your game’s revenue streams, protect your community, and create frictionless experiences for your users. Now that the Immutable zkEVM Testnet is live, it’s free and easy to begin developing, or migrating, smart contracts on Immutable zkEVM. Mint in-game assets, experiment with economy design, and accelerate your development journey in a low-risk sandbox environment with access to all of Immutable’s platform products.
The project has been well received as many game studios and marketplace partners begin to transition to Immutable zkEVM. This indicates the growing demand and excitement around the project. As of press time, games such as MetalCore, Shardbound, and Infinite Victory, as well as ecosystem partners such as AQUA Marketplace, TokenTrove Marketplace, etc were said to be committed to Immutable zkEVM.
More on the Polygon-Powered Immutable zkEVM
According to the press release, zkEVM is never considered the intellectual property of anyone.
Each zkEVM rollup offers comparable technical functionality within the Ethereum ecosystem. With that being said, it’s the Immutable platform built on Polygon scaling technology that makes Immutable zkEVM truly unique.
As a Web3 gaming platform, all Immutable products such as Passport and Orderbook, would be compatible with Immutable zkEVM. It is designed to enable streamlined user onboarding, asset liquidity, and capabilities demanded by games.
As part of its plans, the team would continue to improve the Immutable zkEVM testnet as they work towards a mainnet launch currently fixed in Q4 2023. The introduction of the Polygon Zero would be one major improvement as part of the plans to create stability for developers. For now, they want to optimize stability, and performance, and ensure that the mechanism is upgraded before introducing Zero.
The report further estimates that the average cost of using the platform would be between Polygon PoS and Polygon zkEVM. In this case, the actual gas cost would fluctuate depending on the activities and demand at the time.
This initiative is expected to trigger a massive demand for MATIC as it looks forward to breaking multi-resistance levels to hit $1. As of press time, MATIC was trading at $0.626996. The asset has been struggling in the past few weeks as it falls by 17 percent in the last 30 days, and 9 percent in the last seven days. MATIC is also 76 percent down from its all-time high price of $2.92 and is said to have a safety score of 36/100.0
