Developers Empowered with Immutable zkEVM for Transaction Fee Abstraction

Immutable, a leading gaming company, has unveiled a transformative collaboration with Polygon Labs, introducing Immutable zkEVM – a cutting-edge Zero-Knowledge (ZK) proof-based scaling platform. This collaboration aims to empower developers by completely abstracting transaction fees. It also promises a frictionless onboarding experience that elevates the overall user journey in Web3 gaming.

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Background on Immutable zkEVM 

Immutable zkEVM, founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, now stands as a global leader in gaming. With a mission to extend digital ownership to every player, Immutable has garnered support from top transformational tech investors like BITKRAFT Ventures, Coinbase, Galaxy Interactive, King River Capital, Temasek, Tencent, and more. 

With a headquarters in Sydney and a team of over 250 professionals, Immutable has been instrumental in facilitating the creation of Web3 games that are safe, user-friendly, and innovative.

The Immutable gaming platform has provided game studios and independent developers with pre-built solutions optimised for usability, enabling them to bring successful games to market swiftly without compromising on security or player experience. This platform not only offers a suite of tools but also provides personalised Web3 guidance, live community support, and access to an extensive gaming ecosystem.

One of Immutable’s noteworthy contributions to the Ethereum community has been the delivery of ZK scaling solutions. The newly introduced Immutable zkEVM, developed in collaboration with Polygon Labs, specifically addresses a pervasive challenge in decentralised gaming – the issue of gas fees.

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Addressing the Gas Fee Challenge

Gas fees, the commissions users must pay to process transactions, have long been a significant obstacle to the widespread adoption of decentralised gaming. Immutable acknowledges this challenge and takes a bold step to eliminate gas fees from the player experience entirely. 

Alex Connolly, CTO and Co-Founder at Immutable zkEVM, emphasises the importance of removing gas fees to appeal to mainstream gamers. This move is supposed to make the blockchain components of Web3 games as seamless and native as possible.

VanEck, a top ETF issuer with over $65 billion in assets under management, has singled out Immutable zkEVM as the top contender in the Web3 gaming space, likely to attract millions of traditional gamers. In their projections for 2024, VanEck applauds Immutable’s approach, including the use of Immutable Passport and other tech innovations, as resolving technical pain points that have hindered the success of Web3 gaming.

Game-Changing Features of Immutable zkEVM

Beyond providing full compatibility with the Ethereum Virtual Machine, unlimited scalability, and enterprise-grade security, Immutable zkEVM presents a groundbreaking solution to the gas fee dilemma. Gas fees, notorious for complicating the user experience, will become obsolete for players on this gaming-focused chain.

This revolutionary platform enables game developers to sponsor gas fees for Immutable Passport users, making these commissions not only invisible but essentially non-existent for players. This innovation aims to make trying out new games more affordable by removing one of the most significant user experience barriers in the industry.

Sponsorship for a Smooth Transition

Upon the launch of the Immutable zkEVM mainnet early next year, Immutable plans to sponsor gas fees for all games in its ecosystem for a limited time. This strategic move aims to ensure a seamless transition and encourage game developers to leverage the benefits of gas fee abstraction for their users.

Immutable zkEVM is gas-free for gamers!

Gas Fees? Zero.

We are proud to announce that Immutable zkEVM and Immutable Passport will be capable of eliminating gas fees for all players!… pic.twitter.com/CJBV8XZI7w

— Immutable (@Immutable) December 13, 2023

Immutable’s commitment to gas efficiency ensures that the cost to game studios will be negligible – approximately $500-$1,000 for every 100,000 users. The potential increase in player adoption, conversion rates, and overall revenue for game studios is expected to outweigh the cost of gas sponsorship greatly.

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Paving the Way for a New Monetisation Model

Immutable zkEVM, in conjunction with Immutable Passport, not only abstracts gas fees from the player experience but also opens the door to a potential new monetisation model in the gaming industry. By treating the cost of gas sponsorship like traditional server or infrastructure costs, games can introduce digital asset ownership in a way that benefits both players and game studios.

This strategic move by Immutable zkEVM positions the company at the forefront of reshaping the landscape of Web3 gaming. As gas fees become a relic of the past, the stage is set for a new era of accessibility, affordability, and innovation in the gaming industry.

The Broader Positive Sentiment

Immutable’s groundbreaking collaboration with Polygon Labs and the development of Immutable zkEVM align with the broader positive sentiment in the cryptocurrency market. The recent performance of Cardano and Polygon reflects renewed investor confidence and growing institutional interest in the crypto space.

As Immutable continues to shape the future of decentralised gaming, the industry can anticipate a period of exciting growth and innovation. The elimination of gas fees, coupled with the commitment to user experience and industry recognition, could help Immutable drive the next wave of evolution in Web3 gaming.

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