NFT Tech

NFT Gaming Platform Enjin Announces Efinity, a Next Gen Blockchain

As the NFT boom continues to escalate, one of the biggest names in blockchain gaming has announced their very own blockchain built specifically for NFTs. If you don’t know Enjin, read up on them here. The possibilities allowed by their tech are truly endless, especially in the gaming space. There are numerous reasons why Efinity, the brand’s new parachain built on Polkadot, is unique compared to other popular blockchains; we’ll unpack them below:

First of all, any NFT from any other chain (like Ethereum, for example) can be transmitted to Efinity.

“Digital assets should exist in a metaverse of blockchains. Opening up liquidity across multiple blockchains and use-cases will connect a broad ecosystem of creators, buyers, and sellers.”

Witek Radomski, Enjin CTO

This will further increase the accessibility of trading NFTs, opening up more opportunity for a cross-platform marketplace. Efinity is built on Polkadot, which wasn’t built with the intention to replace ETH, “but to improve and complement it.” Whereas ETH runs at around 15 transactions per second, Efinity will process up to 700-1,000 transactions per second.

Another interesting feature of the new tech is how the community will be incorporated into determining future moves. According to the press release from Enjin: “Community governance will enable EFI holders to submit and vote on proposals to steer the future of the network.” Pretty cool!

If you want to read more about what Enjin is up to and how Efinity will change the NFT marketplace, read all the details on their website.

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