Immutable, an Ethereum layer-2 nonfungible token (NFT) scaling solution, will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.
According to an Oct. 17 announcement by Immutable co-founder Robbie Ferguson, the move is intended to enhance Immutable’s long-term sustainability. “At a minimum, when we finally do decide to let these tokens unlock - they will be done on linear monthly vesting schedule over time, instead of a cliff,” said Ferguson.