Enjin wants to decentralize its metaverse with new $100M fund
The Efinity Metaverse Fund will focus on seed equity investments for projects building Efinity. Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized.Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100-million fund to support Efinity adopters as well as other related projects, the startup announced Thursday.“It is now time for us to turn this into an official, public, and conscious piece of our growth strategy, and support a free, open, and....
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Blockchain-based metaverse platform Dvision Network announced a collaboration with leading nonfungible ecosystem provider Enjin. As part of the development, Dvision will deploy Enjin’s APIs to connect its metaverse to five different blockchains. More options for Dvision Network users with Enjin collaboration Dvision revealed more details of the collaboration in a blog post on its Medium […]
Singapore-based institutional investor NGC Ventures, which focuses on venture funding for blockchain-based projects, has announced a new ecosystem fund dedicated to Web3 projects and highlights increased investor demand for startups driving the decentralized internet. NGC Metaverse Ventures, the firm’s third blockchain fund, raised $100 million from investors as it looks to help projects build and […]
Amid the expanding nonfungible token metaverse, Enjin is set to debut the first-ever NFT blockchain built on Polkadot. Crypto exchange platform Crypto.com has reportedly led an $18.9 million private funding round for Enjin’s new NFT blockchain platform.Enjin announced the news on Wednesday with DFG Group, BlockTower and Arrington XRP Capital among other investors in the private sale.Dubbed “Efinity,” the platform is an NFT blockchain built on Polkadot that will reportedly offer greater scalability for participants in the expanding NFT space.Detailing the technical specifications of the new....
PRESS RELEASE. SINGAPORE — EnjinStarter, a launchpad for blockchain games, has announced a strategic partnership with Enjin to accelerate growth of the Enjin ecosystem. EnjinStarter helps games and apps leverage Enjin’s non-fungible token (NFT) technology and infrastructure, specifically the gas-free JumpNet blockchain and Efinity, an upcoming Polkadot-based NFT parachain.
EnjinStarter has secured a seed investment from Enjin and is working closely with the team to accelerate adoption of Enjin’s infrastructure. EnjinStarter offers developers a virtual....
A limited-supply virtual fashion collection is up for grabs while a new app allows holders to see it in the real world. Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable non-fungible tokens representing clothing for Metaverse avatars.Enjin will be providing the infrastructure framework to host the NFTs, which can then be visualized in MetaverseMe, an augmented reality platform that lets users create customized avatars and see them interact with their real-world environment. Avatars can be dressed in a variety of....