Enjin secures $18.9M funding for Polkadot-based NFT blockchain
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....
Related News
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....
EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours. A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot. A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for the sale, making it oversubscribed by 15 times.With the sale, Enjin has now....
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....
As an ERC-20 compatible token, Enjin, a cryptocurrency introduced by the Enjin corporation, may be transmitted and received using an Ethereum wallet. What is Enjin and what are its main features?With blockchain-based nonfungible tokens (NFTs) powering the rise of Web3, a number of NFT-based projects are gaining significant importance, as they provide the technological means of assembling important data on blockchains in a visually appealing manner. Related: Nonfungible tokens: How to get started using NFTsLeading among them is Enjin, a world-class blockchain software co-founded by Maxim....
Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milestones. The latest is a partnership with the leading NFT ecosystem provider and creator of the ERC-1155 token standard Enjin. Enjin is a significant stakeholder in the NFT sector and has played a crucial role in developing blockchain-based gaming, metaverses, and NFT projects. Dvision migrates to Enjin blockchain Dvision has migrated to the Enjin blockchain and will now....