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Enjin Raises $18.9 Million In Private Sale And Plans To Launch The First NFT Dedicated Blockchain On Polkadot
Summary: Enjin has raised $18.9 million through the private sale with the aim to build Efinity, a next-generation NFT blockchain for games, applications, enterprises, and creators on Polkadot. This round was led by Crypto.com Capital, DFG Group, and Hashed, also saw participation from Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance and other ...
Enjin has raised $18.9 million through the private sale with the aim to build Efinity, a next-generation NFT blockchain for games, applications, enterprises, and creators on Polkadot.
This round was led by Crypto.com Capital, DFG Group, and Hashed, also saw participation from Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance and other leading companies.
Enjin is also developing a new cross-chain token standard called "Paratoken", which will enable any fungible or non-fungible tokens from any blockchain to be transferred to the Efinity network.
The team released a white paper detailing the new Efinity token (EFI), which aims to achieve transaction fees and yield farming by collateralizing Enjin coins (ENJ). Community governance will enable EFI holders to submit and vote on proposals to participate in the future of the network.
Enjin CEO Maxim Blagov said: "We created the first NFT platform in 2017, along with the advanced ERC-1155 standard. With Efinity, we’re bringing the NFT industry a dedicated, purpose-built blockchain that will create the advent of a globe-spanning, advanced digital asset economy—a free, open, and decentralized market where new digital worlds begin."
By Mary Liu
Tags: Crypto.com Capital,DFG Group,Efinity,ENJ,Enjin,Hashed,NFT,Polkadot
Link: Enjin Raises $18.9 Million In Private Sale And Plans To Launch The First NFT Dedicated Blockchain On Polkadot [Copy]
