Immutable Migrates IMX Staking to zkEVM, Ends Immutable X Staking

Immutable has announced the launch of IMX staking on zkEVM, set to commence at 00:00 UTC on June 19. This transition marks the end of staking activities on Immutable X, with users' funds being automatically unstaked and returned. To continue earning rewards, participants must manually migrate their tokens and restake them on zkEVM. This shift is part of the broader integration of Immutable X and zkEVM, aimed at unifying game assets, tokens, and user bases.

The new staking platform on zkEVM will operate on a biweekly reward cycle, starting from June 19. To qualify for rewards, IMX token holders must stake and trade at least one NFT per cycle. The value of rewards will be determined by the staked amount and the duration it remains active. The platform will allocate 20% of the 2% trading fee on NFT sales to stakers, encouraging active participation through staking and trading on zkEVM. Early withdrawal will reduce reward eligibility, incentivizing longer commitments and marketplace activity.

Users have two bridge options for migrating IMX from Immutable X to zkEVM. They can use the Layerswap tool for direct network transfers or bridge via the Ethereum mainnet before moving to zkEVM. Once assets reach zkEVM, staking can commence through the updated staking interface. Supported wallets include hardware devices, Metamask, and the Immutable Passport solution, ensuring broad compatibility and security. The bridging process timeline may vary based on network congestion levels.

The broader Immutable X and zkEVM merge aims to unify game assets, tokens, and user bases, enhancing efficiency for both builders and end users. Popular titles such as Guild of Guardians have already migrated to zkEVM, which has processed nearly 150 million transactions since its early 2024 debut. The unified support for EVM smart contracts and ERC1155 tokens improves asset trading flexibility and provides developers with better liquidity mechanisms and simplified deployment options.

Asset migration and regulatory closure mark a critical phase for Immutable. Assets on Immutable X will migrate automatically based on the wallet in use, with Passport users finding their assets in their zkEVM Passport and other wallets matching original addresses. Users can also bridge to Ethereum L1 before migration to retain manual control. Games and marketplaces on Immutable X must update contracts to function on zkEVM, with Immutable deploying equivalent contracts for existing assets and covering related gas fees. This move follows a period of regulatory uncertainty, with the U.S. Securities and Exchange Commission recently closing its investigation into Immutable with no enforcement action. This ended a five-month review that began with a Notice issued in October 2024 regarding the IMX token.