Immutable: A Good Fit for the 22/7 Portfolio

Immutable, a layer-2 scaling solution for Ethereum, has rapidly gained recognition for its ability to enable fast, secure, and gas-free NFT trading, built on StarkWare's StarkEx technology. With a strong foundation, scalability, user-friendliness and potential for long term growth, we are bullish and believe that Immutable aligns well with the 22/7 LP portfolio.

A Well-Funded Project with a Strong Team: Immutable has successfully raised over $500 million from reputable investors, including Coinbase Ventures, Paradigm, and Temasek. This substantial funding is a testament to the project's credibility and positions it for future success. Led by experienced entrepreneurs with a proven track record in the blockchain space, the team brings expertise, innovation, and a shared vision to driving them forward.

Large and Growing User Base: With over $1 billion in NFT transactions already processed, Immutable boasts a rapidly expanding user base. Major NFT projects like Gods Unchained, Sorare, and Decentraland have already embraced the platform, further solidifying its position in the market. As more NFT projects adopt Immutable, the platform's user base is expected to continue growing, creating ample opportunities for investors.

Scalability to Meet Growing NFT Demand: Scalability is a critical factor in the success of any blockchain solution. Immutable stands out by offering impressive scalability capabilities. With the ability to process up to 9,000 transactions per second, it outperforms Ethereum's mainnet in terms of speed and efficiency. This scalability ensures that the platform can effectively handle the growing demand for NFTs, providing a seamless experience for users.

Cost-Efficient Transactions: Investment transactions often come with a host of intermediaries and associated fees. Immutable offers a cost-efficient alternative by minimizing transaction costs. By eliminating gas fees and reducing the involvement of intermediaries, the platform provides a more cost-effective solution for investors.

User-Friendly Interface: A user-friendly platform is essential for attracting and retaining a diverse range of users. Immutable excels in this aspect with its intuitive and streamlined interface. Buyers and sellers can easily navigate the platform, facilitating smooth transactions and enhancing the overall user experience. This user-friendliness opens up opportunities for widespread adoption and broader market reach.

Immutable is a well-funded, well-run, and scalable solution for NFT trading. Their native token $IMX integrates well into the 22/7 portfolio. With an impressive founding team and track record, and growing user base it offers a compelling investment opportunity. While acknowledging potential risks, the long-term upside of investing in Immutable aligns with 22/7s objectives and our limited partners. By embracing this innovative technology our fund is well positioned for success in the evolving NFT market.