zkEVM – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 11 Jul 2025 11:55:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 zkEVM – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ethereum Foundation roadmap targets zkEVM in mainnet within a year https://earlybirdsinvest.com/ethereum-foundation-roadmap-targets-zkevm-in-mainnet-within-a-year/ https://earlybirdsinvest.com/ethereum-foundation-roadmap-targets-zkevm-in-mainnet-within-a-year/#respond Fri, 11 Jul 2025 11:55:51 +0000 https://earlybirdsinvest.com/ethereum-foundation-roadmap-targets-zkevm-in-mainnet-within-a-year/

Ethereum is preparing for a significant architectural upgrade that could see a zero-knowledge Ethereum Virtual Machine (zkEVM) integrated directly into its layer-1 blockchain within a year.

In a post by Sophia Gold, a developer in the Ethereum Foundation’s (EF) protocol support team, the EF outlined a path toward replacing traditional block execution with zero-knowledge proofs (ZK-proofs). 

Instead of requiring every validator to re-run transaction blocks to verify them, the system will switch to validators only checking ZK-proofs, which are tiny cryptographic receipts that confirm everything was done correctly. 

The roadmap proposes allowing validators to verify execution using stateless proof verification from multiple zero-knowledge virtual machines (zkVMs), which means having multiple independent checkers verifying multiple proofs. This adds an extra layer of security without slowing things down. 

Source: Sophia Gold

Ethereum to become the largest zero-knowledge application

ZK-proofs are a cryptographic method that enables a prover to validate a claim without disclosing information about the claim itself. It allows the verification of confidential data without disclosing the data. 

The EF’s initiative positions the Ethereum network to eventually become the world’s largest ZK application. To support the transition, the network will define real-time proving as a technical and hardware standard that zkVM teams should aim for. 

The EF is pushing zkVM teams to follow specific goals to ensure that the technology is fast, secure and can be run from home. More specifically, the EF wants zkVMs to create proofs in under 10 seconds, be secure and work on hardware costing less than $100,000 and use less than 10 kilowatts of electricity. 

This would allow everyday people to help secure the network, protecting Ethereum against censorship and central control. 

Related: ETH maxis scream for $3K, but data shows pro Ether traders cautiously positioned

Ethereum’s ZK rollout will be gradual

Gold said the change will be gradual, with optional ZK clients running alongside current validator setups. However, as ZK clients prove their reliability and performance, the network will shift to requiring proof verification instead of re-execution. 

While the timeline seems ambitious, the EF said the momentum in ZK research and open-source developments makes it achievable. The foundation urged zkVM teams to work toward real-time home proving.

Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

]]> https://earlybirdsinvest.com/ethereum-foundation-roadmap-targets-zkevm-in-mainnet-within-a-year/feed/ 0 47019 Immutable to Merge Immutable X Into zkEVM Network by Late 2025 https://earlybirdsinvest.com/immutable-to-merge-immutable-x-into-zkevm-network-by-late-2025/ https://earlybirdsinvest.com/immutable-to-merge-immutable-x-into-zkevm-network-by-late-2025/#respond Tue, 15 Apr 2025 14:56:44 +0000 https://earlybirdsinvest.com/immutable-to-merge-immutable-x-into-zkevm-network-by-late-2025/

Ethereum gaming platform Immutable has announced plans to unify its networks by merging the original Immutable X into the newer Immutable zkEVM chain. The process, expected to wrap up in late 2025, comes after the zkEVM network processed nearly 150 million transactions since launching in early 2024.

Immutable introduced its zkEVM solution last year, offering EVM-compatible smart contracts, deeper liquidity for in-game items, and access to a larger pool of DeFi tools. zkEVM chains offer scalability, faster transaction speeds, and lower fees while maintaining full compatibility with Ethereum smart contracts.

According to the company, the goal of consolidating assets and games into a single network is to create a “true home of Web3 gaming.”

Several high-profile titles have already made the transition, including Guild of Guardians. This mobile role-playing game boasts more than one million downloads.

Automatic Migration for Most Users

The upcoming merge aims to minimize friction for existing Immutable users. Wallet holders will generally see their assets automatically appear on Immutable zkEVM without having to perform manual steps. Those using the Immutable Passport wallet should find their tokens and collectibles in the same address once the network transition goes live. For users of other wallets, such as MetaMask, assets will also be migrated to their primary wallet address on zkEVM.

However, Immutable will offer an opt-out option for anyone who prefers not to have their assets automatically transferred. Users can instead withdraw their assets to Ethereum Layer 1 before the merge if they choose to avoid the consolidation process. After the network shift, wallets or custodial services that do not yet support Immutable’s zkEVM chain can contact their provider to enable it.

Source Immutable

Impact on Games and Developers

While the move is relatively straightforward for players, it has greater implications for game developers and marketplaces. The Immutable X APIs will be deprecated, and projects built on those APIs will need to adjust their integrations accordingly. Developers who relied on Immutable Link or the Immutable X SDK will be required to shift to standard EVM wallet interactions and replace existing RPC calls to point toward zkEVM.

In terms of asset contracts, Immutable plans to reissue ERC20 and ERC721 tokens for existing projects using a standard template. These new contracts will carry their own addresses on zkEVM, distinct from the original Immutable X collections. The company will provide an API to map old contract addresses to their new counterparts, reducing confusion and ensuring a smoother transition.

Immutable will bear the gas costs for migrating these assets, and the default ownership rights will remain with the same project owners as on Immutable X. Developers who prefer custom contracts or want to convert ERC721 items into ERC1155 tokens have until April 2025 to make those arrangements with Immutbale’s support team.

Expanding Game Ecosystem

Immutable has already seen a variety of games and publishers deploy on the zkEVM chain. Along with Guild of Guardians, other well-known titles in the Immutable ecosystem include Gods Unchained, Illuvium, RavenQuest, Space Nation Online, Immortal Rising 2, and Treeverse.

By the time the full merge is complete, Immutable expects all these projects—and any new additions—to benefit from a unified environment that aims to streamline token trading, cross-game collaboration, and user on-ramps.

Looking Ahead

Although an exact date for the merge has not been set, Immutable anticipates that completion in late 2025 will bring all existing users and game developers onto one consolidated chain. The team also plans to release more information on upcoming improvements to validity proofs and the overall architecture, so that both current and future partners can prepare effectively.

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Immutable X and zkEVM NFT Sales Surge 55% in Q4 2024, But Market Participation Declines https://earlybirdsinvest.com/immutable-x-and-zkevm-nft-sales-surge-55-in-q4-2024-but-market-participation-declines/ https://earlybirdsinvest.com/immutable-x-and-zkevm-nft-sales-surge-55-in-q4-2024-but-market-participation-declines/#respond Sun, 23 Mar 2025 03:29:39 +0000 https://earlybirdsinvest.com/immutable-x-and-zkevm-nft-sales-surge-55-in-q4-2024-but-market-participation-declines/

In the fourth quarter of 2024, the total NFT sales volume across Immutable X and Immutable zkEVM increased by 55.3% quarter-over-quarter.

Messari’s latest analysis revealed that the figure rose from $51.2 million to $79.5 million.

Market Participation Plummets

Despite this growth, both the average daily sellers and buyers declined significantly, with daily sellers dropping 43.0% from approximately 1,500 to 880, and daily buyers falling 38.1% from about 1,300 to 800. This suggests a shift toward higher average transaction values amid fewer market participants.

The sales surge was primarily driven by strong demand for Guild of Guardians Heroes and Avatars NFTs, which accounted for more than 99% of the total NFT trading volume in the quarter. Most of the sales occurred on Immutable zkEVM, where Guild of Guardians NFTs are traded. Immutable zkEVM also saw a substantial 73.3% rise in average daily NFT sales volume, growing from around $484,000 in Q3 to $839,000 in Q4, boosting its share of total sales volume to over 97% across both chains.

During the same period, Immutable zkEVM saw a decline in user engagement following record highs in Q3. In fact, average daily transactions decreased by 21.1% quarter-over-quarter, from approximately 595,000 in Q3 to around 469,000 in Q4. Similarly, average daily active addresses dropped 23.8%, from about 267,000 to 204,000, and average daily new addresses fell 29.8% to roughly 32,000 by the end of the quarter.

This decline in activity mirrored broader trends in the GameFi market, which according to Messari, likely reflects a cooldown after the surge in Q3 driven by popular game releases like Guild of Guardians, Immortal Rising 2, and Illuvium.

Throughout last year, Immutable progressively expanded developer access to zkEVM. In October, the platform removed its deployer allowlist which allowed for permissionless deployment of smart contracts and applications. This move lowers entry barriers for developers, positioning Immutable zkEVM for increased developer activity in the coming months.

In Q4 2024, average daily transaction fees on Immutable zkEVM fell by 17.0% quarter-over-quarter, from approximately 574 IMX to 477 IMX. Messari attributed this decline to reduced network congestion, which was a result of lower transaction activity during the period. To improve the user experience, Immutable has implemented a policy where it covers all gas fees for Immutable Passport holders, removing the need for players to pay gas fees and thereby reducing friction in the transaction process.

By the end of 2024, the total value locked (TVL) in decentralized finance (DeFi) on Immutable decreased to $13.8 million. This decline was likely due to a quarter-over-quarter drop in the price of the IMX token, which reduced the USD value of locked assets.

However, TVL measured in IMX showed a positive trend, increasing by almost 17% quarter-over-quarter to 10.33 million IMX, which suggests that the rise could have been driven by capital inflows despite the decrease in USD value.

Immutable’s SEC Trouble

On November 1, 2024, Immutable announced that it had received a Wells notice from the US Securities and Exchange Commission (SEC) – an enforcement action concerning its 2021 IMX token sales. Immutable expressed concerns over the notice and released a statement saying that it was issued with limited prior communication and minimal details.

The company had then highlighted that the notice was delivered shortly after its first direct interaction with the securities regulators which raised questions about the timing and transparency of the process.

Fast forward to 2025, the SEC has closed several of its crypto investigations, with no enforcement charges resulting from probes into OpenSea, Gemini, Robinhood Crypto, and Uniswap. However, investigations into Immutable, and other platforms such as Crypto.com, and Unicoin are still ongoing.

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