Immutable X recently onboarded Squid, its newest strategic partner. With this integration, users can easily swap tokens across different chains. This partnership aims to boost innovation in the web3 gaming space while ensuing top-notch security for the users.
Squid is a cross-chain liquidity router that allows anyone with a crypto wallet to swap their assets between blockchains and access applications across chains. With Squid, swapping tokens across chains is as convenient and user-friendly as possible. It can save you time and hassle by finding the route for you and combining every required interaction into a single click. With Squid, you can access apps and swap across chains in under 20 seconds: any asset, any chain, all in one click.
More About this Integration Between Squid & Immutable X
Immutable X is a layer-2 scaling solution that provides an Ethereum blockchain NFT infrastructure. It is the leading platform for building web3 games on Ethereum. With the mission of powering the next generation of Web3 games, Immutable X aims to improve both the experience of users and developers by offering seamless gameplay, lightning-fast transaction speeds, and gas-free, fully carbon-neutral NFT minting.
Immutable zkEVM is a gaming chain built on Ethereum that allows game developers to introduce customized digital ownership and Web3 mechanics in their games. This section includes information about the Immutable zkEVM platform, including its blockchain specifications and configuration. It is one of the fastest-growing chains in history, and Squid now provides swap capabilities at the fingertips of all gamers.
With Squid onboard, Immutable X users can:
- Cross-chain Swaps: Users can swap tokens between different chains seamlessly.
- Bridging: Users can bridge tokens across chains with security and speed.
- Cross-chain NFT Purchases: Using Squid’s Buy Widget, buy NFTs on marketplaces using any asset.
On the other hand, Squid also brings in a few use cases for developers:
- Cross-chain Contract Interactions: Enable the users of your product to interact and onboard from any supported chain.
- Cross-chain Asset Purchases: Users can purchase NFTs or assets from any chain.
- Cross-chain Staking: Allow users to stake to your protocol from any chain.
- Multi-chain Development: Enable multi-chain GameFi or DeFi by integrating pre & post-contract hooks for cross-chain interactions.
Lastly, this partnership aims to increase web3 adoption while innovating.
