According to @0xferg, the view that 100% of unique assets will trade as NFTs signals Immutable’s strategy to scale NFT markets and its zkEVM and IMX-centric infrastructure focus, source: Robbie Ferguson on X. Immutable and Polygon Labs opened Immutable zkEVM mainnet access in 2024 to reduce costs and increase throughput for game and NFT transactions, a core catalyst traders should track for network usage, source: Immutable official blog. Ethereum’s Dencun upgrade in March 2024 lowered L2 data costs via blobs, materially reducing average fees for NFT mints and trades on L2s and improving marketplace unit economics, source: Ethereum Foundation. Institutional tokenization advanced with BlackRock’s USD Institutional Digital Liquidity Fund BUIDL launching on Ethereum in 2024, reinforcing the on-chain asset thesis that can support liquidity rails used by NFTs, source: BlackRock. For trading, monitor IMX around major game catalysts such as the 2024 Guild of Guardians launch and track NFT marketplace volumes and unique buyers across Ethereum and L2s as demand proxies, source: Guild of Guardians; DappRadar Industry Report. Risk management should incorporate regulatory precedent from the SEC’s 2023 Impact Theory NFT settlement when sizing exposure to NFT-linked tokens and collections, source: U.S. Securities and Exchange Commission.