Immutable X Token Sale Raises Over $12.5M in Under an Hour

Immutable X is aiming for its IMX token to be Ethereum’s “Stripe for NFTs,” offering gas-free NFT minting and trading.

AccessTimeIconSep 27, 2021 at 7:48 p.m. UTC
Updated May 11, 2023 at 5:48 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Ethereum scaling product Immutable X’s token sale on CoinList sold out in less than an hour, raising over $12.5 million.

  • Of the 720,000 accounts registered to participate in the sale, only around 25,000 (3.6%) were able to make purchases due to the demand, Immutable announced Monday.
  • Immutable said it is aiming for the IMX token to be Ethereum’s “Stripe for NFTs,” offering gas-free NFT minting and trading. Stripe is a payments processing company.
  • Developers of non-fungible tokens (NFTs) who were unable to purchase tokens in the sale are now encouraged to launch projects on Immutable X by the end of September thereby earning up to 30,000 IMX.
  • The protocol is poised to integrate with a number of NFT marketplaces, including Mintable and OpenSea.
  • Immutable recently raised $60 million in a Series B funding round that was led by BITKRAFT Venture and King Rivar Capital. Other participants included Alameda Research, Galaxy Interactive and Prosus Ventures.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about