On Aug. 27th, 2021, GaryVee announced his new book Twelve and a Half with the community through a 3-hour livestream. On the livestream, Gary shared that anyone who purchased his books in multiples of 12 during a limited promotion period will receive a special gift, an NFT via claimed airdrop. Fast forward 93 days, with over 1 million copies sold and 125,000 NFTs in the making, a new era was born – BOOK GAMES.
It is with great excitement that we are announcing BOOK GAMES will be played on Immutable X. This will be the playing field to compete in the BOOK GAMES festivities come early Jan.
Over the next 3 weeks, VeeFriends will be sharing education and information to best equip and prepare our community for what’s to come in the next few months. Starting with “What is Immutable X”?
Immutable X inherits the network and security of the Ethereum blockchain while also offering more transactions per second, instant trading, and zero gas fees at the moment. This means as a user of Immutable X you pay zero gas fees, and you pay zero gas fees as a developer as well. Yes, you read that right. Zero. Gas. Fees.
Ultimately, Immutable X has created a solution that is not competing with Ethereum, rather it is built on top of Ethereum, ensuring that users still benefit from the battle-tested security, decentralization, and vibrant community which the Ethereum mainchain offers.
Just like when we all began learning what ETH and MetaMask was this spring, your head may be spinning, but we promise you’ll have a better understanding of it all by the end of this blog post and feel more prepared for BOOK GAMES. Ongoing conversations will be happening in our discord, so make sure you join!
What is Immutable X?
Immutable X is a “Layer 2” that sits on top of Layer 1 aka Ethereum, for creating (also known as ‘minting’) and trading carbon-neutral NFTs with more efficiencies and zero gas fees. With these added benefits, this experience is not much different than what we are currently used to at the Layer 1 level, where VeeFriends Series 1 and other prominent NFTs are currently created and traded. The essence of Immutable X is it’s a Layer 2 scaling solution that leverages the power and security of the Ethereum blockchain, rather than compete against it.
How Does Immutable X Work?
To dive a bit deeper, Immutable X is able to achieve such high throughput while still remaining secure through a technology called ZK Rollups, which takes thousands of off-chain trades, creates proof that these trades were all valid (owners of the assets signed the trades), and then publishes that proof on-chain, where it is then verified by a smart contract.
Throughout this process, the on-chain user assets are held in the smart contract and can only be released after valid proof including the assets has been published in a batch to achieve scalability and security.
What is Layer 2?
Layer 2 is an overlaying network that is on top of the underlying blockchain, in this case, Ethereum Blockchain, through a smart contract. Layer 2 can interact with Layer 1 which allows Layer 2 to maintain the same network and securities that we currently have using Layer 1 / Mainnet Ethereum while also offering quicker transactions per second, instant trading, and zero gas fees for trading.
Benefits of Immutable X?
There are several huge advantages of using Immutable X in order to buy, sell, and create NFTs. Here are some of the top reasons you would consider using Immutable X and why we decided to mint on Immutable:
- Zero gas fees. The only scenario where gas fees apply is either the one-time gas cost to deploy a Layer 1 transaction or minting outside of ImmutableX.
- Huge scalability up to 9,000 transactions per second (TPS)
- Decentralized Layer 2 environment
- Secured by the Ethereum blockchain. Users are not required to do anything when they join this protocol; it’s very simple and you can use your existing digital wallet. Currently, Immutable X is ONLY compatible with MetaMask. This means that the private key that is required to power this protocol is generated by your existing MetaMask wallet.
- 100% carbon neutral
The Difference Between Layer 1 and Layer 2?
To put it into perspective, think of what we are currently using to buy, sell, trade, and create NFTs on OpenSea and other marketplaces as being done in Layer 1. Layer 2 will offer similar use cases that Layer 1 offers but with more transactions per second, instant confirmations, and zero gas fees which we believe will create a more convenient user experience for BOOK GAMES. The initial setup and access require more steps than Layer 1, which has been a widely discussed reason for adopting Layer 1 over Layer 2 for most use cases, but we believe we can help make that simple and easy for our community. We also encourage our community to use this event to learn, grow, and onboard different opportunities in the NFT space.
The Immutable X protocol supports multiple marketplaces. One of the more popular marketplaces powered by Immutable X is called TokenTrove. This is where BOOK GAMES NFTs will be bought, sold, and traded. TokenTrove can be thought of as the “OpenSea” of Immutable X. This is one of the places where you will see the BOOK GAMES collection as well as the NFTs that you will receive from your book purchases. For more information on TokenTrove check out their FAQ section here.
NOTE: BOOK GAMES NFTs will also appear in all marketplaces that integrate Immutable X (ie. Mintable or Immutable’s Marketplace), however, we encourage users to participate on TokenTrove as we believe it’s the cleanest consumer experience.
Should I Transfer BOOK GAMES NFTs from Layer 2 to Layer 1?
Although BOOK GAMES will only be played in Layer 2, for those who wish to transfer out to their Ethereum Mainnet / Layer 1 wallet we have created a simple guide for you here. It is not recommended if you plan on playing BOOK GAMES, because at this moment there’s no Official Immutable X solution in the marketplace to port your BOOK GAMES NFTs back into Layer 2 where BOOK GAMES will be played.
|L1 NFTs are considered more premium||Gas Fee from the transaction|
|Can sell NFT on L1 Marketplaces (OpenSea)||Games are only played on Layer 2|
|Ability to move L2 NFTs to Mainnet ETH||You cannot port L1 NFTs back into L2.*|
|Transactions can take up to 24 hours|
*NOTE: If you plan on playing BOOK GAMES we recommend you hold your BOOK GAMES NFTs in your Immutable X Layer 2 wallet to hold and use to play BOOK GAMES within https://veefriends.com, there is no current official market solution that allows Layer 1 NFTs to be moved back into Layer 2.
Now that you have some understanding of where BOOK GAMES will be played, it’s time to make sure you are prepared for what’s to come. We have introduced the starting line of BOOK GAMES – “BOOK GAMES NFT Checker” – on the VeeFriends website for you to confirm 2 things:
- Your wallet address for BOOK GAMES is correct.
- How many BOOK GAMES NFTs you will be receiving are correct.
VeeFriends & Immutable X Team is Here to Help
Feels like a lot of information to take in?? Don’t worry, the VeeFriends & Immutable X team will be very involved in helping educate the community in different ways as we approach the drop of BOOK GAMES in early Jan. Make sure you join VeeFriends Discord for the most up to date discussions within the community about BOOK GAMES.