Immutable X to Launch IMX Staking on Immutable ZkEVM on June 19th

Immutable has announced that IMX staking will migrate to Immutable zkEVM starting June 19. As part of this transition, staking on the existing Immutable X platform will be discontinued on the same day. Refer to the official tweet by IMX: IMX staking is coming to Immutable zkEVM on the 19th of June.As part of the merge of Immutable X and Immutable zkEVM, staking on Immutable X will end on the 19th of June.Here's what you need to know 🧵 IMX InfoImmutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability and zero gas fees for minting and trading, all without compromising user or asset security. Immutable X utilizes Zero-Knowledge Rollups technology to process transactions off the main Ethereum network, increasing throughput and reducing gas costs. This technology enables the creation, trading, and transaction of NFTs on a much larger scale than is possible on Layer 1 Ethereum.The IMX token is the native ERC20 utility token of the Immutable X protocol, which users can earn by conducting pro-network activities such as trading, and which can be used to pay fees, perform governance or stake on the protocol.