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ImmutableX Foundation Attempts to Raise Funds via Private Token Sale

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It is reported that the ImmutableX affiliated foundation of Ethereum Layer 2 expansion solution is trying to sell a certain number of IMX tokens to private inve

ImmutableX Foundation Attempts to Raise Funds via Private Token Sale

It is reported that the ImmutableX affiliated foundation of Ethereum Layer 2 expansion solution is trying to sell a certain number of IMX tokens to private investors to raise funds. It is reported that Digital Worlds Ltd. NFTS is a non-profit foundation headquartered in the Cayman Islands, which is responsible for issuing IMX tokens and is technically separate from Immutable Group, an Australian start-up that develops blockchain. An Immutable spokesman said that this private token sale was led by a major venture capitalist and “oversubscribed more than twice in the first 72 hours”, At the same time, “all proceeds from the sale of tokens will be donated to the foundation, not immutable.”

ImmutableX affiliated foundation is trying to sell IMX tokens to private investors to raise funds

Analysis based on this information:


ImmutableX, an Ethereum Layer 2 expansion solution, is reportedly endeavoring to raise funds via a private token sale. The affiliated foundation of ImmutableX, Digital Worlds Ltd., headquartered in the Cayman Islands, is responsible for issuing IMX tokens, which are being sold to private investors. Immutable Group, an Australian blockchain start-up, develops the blockchain technology while Digital Worlds Ltd. handles the issuance of tokens, thus being technically independent of Immutable Group.

An Immutable spokesman reported that a major venture capitalist led the private token sale, which was oversubscribed more than twice within the first 72 hours. The proceeds from the sale would be entirely donated to the foundation and notImmutable Group. This is important to note because many token sales are conducted by start-ups to raise funds for development and growth, but in this case, it serves as a means of supporting the foundation’s endeavors.

The significance of this development lies not only in the growing demand for Layer 2 expansion of Ethereum but also in the difference between private and public token sales. The private token sale is not open to the public, indicating that only selected investors are allowed to invest. ImmutableX may have opted for the private token sale to raise funds relatively quickly and quietly, without having to comply with regulatory requirements and restrictions that come with public offerings.

In conclusion, the recent private token sale conducted by ImmutableX’s affiliated foundation, Digital Worlds Ltd. is an attempt to raise funds for the foundation’s endeavors. This is significant because it is helping to meet the growing demand for Layer 2 expansion solutions of Ethereum while also exploring the difference between private and public token sales. Keywords that come to mind include ImmutableX, IMX tokens, and Digital Worlds Ltd.

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