Tiny Colony switches from Solana to ImmutableX

The cryptocurrency market is bullish today, with Solana among the top gainers, with a 20% rise in the last 24 hours. At the time of writing, SOL was trading at around $25. The token is on a massive bull run despite the developers of Tiny Colony ditching Solana for ImmutableX.

Tiny Colony ditches Solana for ImmutableX

Tiny Colony is releasing its game on the ImmutableX network despite earlier plans to launch it on Solana. Tiny Colony is a game that features a pixelated world with ants fighting for survival. The game is now planning to move the launch of its NFT game from Solana to ImmutableX.

ImmutableX is a network that has gained significant adoption in recent months. It is a layer-two scaling solution providing an NFT infrastructure on the blockchain. The game has now created a platform that can be used by innovative Web3 games that want to access high transaction speeds and low gas fees.

In the announcement, ImmutableX said that the decision to move its operations to ImmutableX was caused by the “revolutionary scaling technology” of the ImmutableX network. The creators also said that the recent outages on the Solana blockchain and the sharp price decline triggered by the collapse of FTX were among the reasons it was switching to ImmutableX.

Some of the benefits that the players of Tiny Colony will enjoy because of the partnership include access to a variety of new products and services. They will also access more gaming options, an in-built crypto wallet, and improved security.

The co-founder and CEO of Tinyverse, Arshia Navabi, commented on the development, saying that ImmutableX has been focused on the Web3 gaming space since its launch. Besides having a good development team, Immutable also had innovative technology focused on gaming.

Navabi said Colony had started a “burn-in mint” process that would aid Solana NFT holders in conducting the community swap to have an Ethereum-based version of their assets. The CEO also noted that more updates would be released on the switch before the game’s official launch.

Solana’s price pumps despite migration

The Solana network’s adoption and the token’s price have been dropping since the demise of FTX and Alameda Research. FTX’s co-founder, Sam Bankman-Fried, was a major supporter of Solana, while Alameda was one of the early investors in the project.

However, the SOL token has been gaining despite these negative developments. In the last 24 hours, SOL has gained by 20% amid gains across the crypto market. The token is also up by 87% in the last two weeks. The recent gains have seen Solana reclaim its spot among the top ten largest cryptocurrencies by market capitalization.