Several gaming companies with over $1 billion in valuation are now actively considering token launches, according to Immutable co-founder Robbie Ferguson. In a Feb.

Illuvium CEO Keiran Warwick said it was a “somber moment” as the blockchain gaming firm made the decision to cut its workforce by 40%.

Since the launch of the first NFTs, they have gradually gained popularity not only among crypto investors but also among artists, celebrities, and people from all walks of life. But popularity brought some challenges.

Bitcoin and the rest of the crypto market took a turn for the worse over the weekend in price drops that have largely been blamed on Trump's promised tariffs. I overheard a handful of X Spaces hosts sound the alarms about it on Monday, acting as though the bull market was over.

ImmutableX (IMX), the native token of the Immutable blockchain, is showing signs of a significant upside rally, despite prevailing bearish market conditions. Recently, IMX reached a crucial support level at $1.05, which has historically acted as a springboard for upward momentum.

Amid the bearish market sentiment, Immutable's native token, IMX, has reached a crucial support level of $1.05 and is poised for a significant upside rally. According to IMX's daily chart, this support level has always been favorable for the altcoin, often triggering upward momentum.

Bitcoin (BTC) has recovered from its recent slump, which saw the price drop to an intraday low of $101,441 late on Thursday. The flagship cryptocurrency has registered an increase of nearly 3% over the past 24 hours and is currently trading around $104,612, with bulls looking to push it beyond $105,000.

Altcoins display bullish strength as Bitcoin trades around the $100K zone. Immutable (IMX) appears poised for significant gains with its prevailing post-breakout actions. Crypto analyst JAVON MARKS believes IMX bulls will target $4.91 amid magnified bullish sentiments. That will mean an approximately 255% surge from Immutable's current price. IMX targets robust gains past $4.

EverReach Labs' REVENGE, an innovative co-op PvE shooter, partners with Immutable (IMX) to enhance player-spectator interaction and secure asset ownership, marking a new era in gaming.

Ethereum-based gaming franchise Illuvium has announced a collaboration with Virtuals Protocol to integrate AI agents into its non-playable characters (NPCs).

Illuvium partners with Virtuals to integrate AI-driven NPCs, enhancing player experiences with dynamic interactions and emergent storytelling across its blockchain-based gaming ecosystem.

Blockchain gaming platform Illuvium entered into an agreement with Viruals Protocol on January 7 to enhance its gaming experience using AI agents.

Illuvium says the partnership with AI agent protocol Virtuals will allow its in-game NPCs to adapt quests, dialogue and challenges based on the player's actions.

Illuvium has announced a strategic partnership with Virtuals.io to integrate cutting-edge AI technology into its upcoming MMORPG, Illuvium MMO Lite.

Key Points of the News: Illuvium has formed a partnership with Virtuals Protocol to integrate artificial intelligence (AI) into its Web3 games. The collaboration will enable the creation of autonomous NPCs powered by the G.A.M.E Framework, improving interactivity and personalization of the gaming experience.

This collaboration places Illuvium at the cutting edge of gaming technology. This combines immersive gameplay with AI-driven innovation.

The Block's GMCI indices for memecoins and AI tokens ended 2024 as the largest gainers, while gaming and Layer 2 tokens lost value overall.

Bitcoin (BTC) looks set to end 2024 below the $100,000 mark unless a major bump in price occurs before the year ends. The cryptocurrency spent most of the weekend hovering just above $95,000.

ImmutableX (IMX) has emerged as a prominent solution in the world of NFTs, offering a layer-2 scalability protocol built on Ethereum to improve transaction efficiency and reduce costs. By addressing key limitations such as high gas fees and slow transaction speeds, ImmutableX provides a platform for NFT creators, developers, and marketplaces to thrive.

Story Highlights The live price of the IMX token is The ImmutableX price could hit $3.27 in 2025. With a potential surge, the IMX price could reach $9.77 by 2030. A plethora of virtual currencies and protocols can be found in the ever-changing crypto space.

The cryptocurrency market faces another week of token unlocks, with releases valued at more than $513 million scheduled between December 23 and December 30. Immutable (IMX) leads the cliff unlocks with a release worth $32.36 million, while Worldcoin (WLD) continues to dominate the linear unlocks at $81.53 million.

As the crypto industry experiences lower volumes, here are our top cryptocurrencies to watch this week: HYPE, Horizen and IMX.

King Arthur: Legends Rise arrives on Immutable (IMX), offering players the chance to earn instant Gems. Explore the epic RPG adventure and engage with legendary heroes in this captivating Web3 gaming experience.

Arena of Faith, a web3 MOBA game, launches its Arena of Faith Quest on Immutable (IMX), offering players the chance to earn Gems and other rewards through engaging gameplay.

Immutable (IMX) has signed more games in 2024 than all previous years combined, solidifying its leadership in web3 gaming with over 250 new titles onboarded.

Chess Universe introduces Play-to-Earn mechanics on Immutable (IMX), offering players exclusive rewards and web3 ownership. Discover interactive lessons, NFTs, and more in this innovative chess platform.

Immutable (IMX) introduces 'Perpetual Rewards' with RavenQuest, enhancing the utility of gems and rewarding consistent player engagement starting January 2025.

Immutable (IMX) introduces a continuous reward system called Gems, aiming to enhance player engagement in Web3 gaming with perpetual rewards and evolving quests.

Immutable (IMX) and Yield Guild Games (YGG) unite to enhance Web3 gaming, committing $1 million to player rewards. This collaboration aims to foster community-driven engagement and expand gaming opportunities.

Tomorrow, Immutable X (IMX) will unlock about 24.52 million IMX tokens, which constitutes approximately 1.47% of the circulating supply and is valued at around $41.68 million. This token unlock is part of a planned tokenomics strategy designed to foster the growth of the Immutable ecosystem.

Tornado Cash's native token, TORN, skyrocketed by over 380% following a landmark ruling by the U.S. Fifth Circuit Court of Appeals on Nov. 26, 2024.

Immutable AI Labs, a project tracking AI models on the blockchain, is sending out malicious links to a fully spoofed site. Users must avoid connecting their wallet to the fake link, which promises an eligibility check for IMMU tokens.

TL;DR The U.S. Court of Appeals ruled that Tornado Cash's immutable smart contracts are not “property” and cannot be sanctioned by OFAC. The decision is a significant win for privacy-focused technologies, highlighting the limitations of governmental authority over decentralized systems.

Discover the GG: Survivor Quest on Immutable (IMX), offering new rewards and gameplay experiences in Web3 gaming. Launched on Telegram, it introduces unique incentives through OVERTAKE's GameFest.

The decision reverses a lower court ruling and marks a significant win for privacy advocates and blockchain developers seeking legal clarity.

Immutable has announced a strategic partnership with Altura, a web3 infrastructure platform focused on the gaming industry.

Bitcoin (BTC) soared past $90,000, setting a new all-time high as the crypto market resumed its rally, with major cryptocurrencies surging. BTC surged to a new all-time high of $93,409 late on Wednesday, and the Bitcoin Dominance Index, which measures its share of the crypto market, reached 61%, a level not seen since 2021

Immutable (IMX) showcases its impact in Web3 gaming as a Gold Sponsor at the GAM3 Awards 2024, with multiple nominations highlighting its technological advancements.

Immutable has launched Pre-Approved Transactions, enabling seamless in-game blockchain interactions for over 400 games, eliminating the need for external wallet approvals and enhancing the immersive experience of Web3 gaming. The post Immutable Introduces In-Game Signing for Web3 Games appeared first on Cryptonews.

The feature is limited to game-issued assets, but Immutable plans to expand it to IMX, USDC and ETH.

Immutable (IMX) introduces Pre-Approved Transactions to enhance Web3 gaming by integrating blockchain approvals directly within games, eliminating disruptions and creating seamless experiences for players and developers.

Here is how some of your favorite assets concluded the week.

Former SEC official Marc Fagel has voiced concerns over the Securities and Exchange Commission's recent issuance of a Wells Notice to Immutable, an Ethereum-based Web3 gaming company. Immutable claims that the Wells Notice arrived with limited prior communication or explanation, marking a sharp departure from what is typically a more extensive investigative process.

Immutable, an Ethereum Web3 gaming firm, has received a Wells Notice from the United States Securities and Exchange Commission (SEC), according to a statement released on Friday. A Wells Notice is an indication that the SEC is considering filing a lawsuit against a company.

Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC).

The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens. The SEC's contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split.

After centralized exchanges, DeFi projects, and NFT projects, the agency is now looking to expand its net to crypto gaming.

TL;DR The IMX token from Immutable drops 12.88% following a possible SEC enforcement action over alleged unregistered securities sales. The firm received a Wells Notice warning of a potential lawsuit related to an IMX token sale in 2021.