Enjin, a decentralized platform for non-fungible tokens (NFTs), announced today that over 70 ecosystem partners have committed to building the decentralized Metaverse on Efinity, a decentralized, self-managed and self-sustaining blockchain for NFTs that offers full interoperability with other networks the Polkadot Paratoken standard developed by Enjin as part of the Efinity stack.
In a competitive first set of bids in Polkadot’s Parachain auction, the NFT cross-chain network is aiming to enlist support from leading companies in developing Web3 to become a Polkadot Parachain.
The network provides fuel tanks and separate accounts to streamline the users’ onboarding experience and allow users to gamble without barriers to access.
Additionally, the platform’s on-chain marketplace includes an open bidding system that allows you to bid on NFTs on any bridged blockchain, regardless of whether they are available for sale.
The newly announced adopters Hololoot and VRJam will complement the visual elements of the decentralized Metaverse on Efinity, promise both augmented reality (AR) and virtual reality (VR) functionality and lay the foundation for a graphic creative economy.
In addition, Lost Relics, Age of Rust, Forest Knight, Dvision Network, Uniqly, Pluto Alliance and SwissBorg are among the 70+ projects that have chosen Efinity for its ease of use, speed, scalability and low environmental impact. This follows news that Enjin has launched a $ 100 million Efinity Metaverse Fund to aid the builders of a decentralized metaverse.
Enjin CTO Witek Radomski, creator of the ERC-1155 token standard and the Paratoken standard on Polkadot, said, “Efinity will leverage the concentrated efforts of all of its ecosystem partners to build an open, decentralized, collaborative metaverse. Our combined efforts will focus on building a metaverse that anyone can access from any daisy-chained network to provide NFTs with next-level value and functionality. “
In addition to plans to build on Efinity, BitBoy’s Pluto Alliance is releasing limited-edition collectibles for Efinity crowdloan supporters. To get involved and demonstrate support for Efinity, interested parties can bring in their Polkadot (DOT) tokens here or via exchanges such as Binance, Kraken, Huobi and OKEx.
Efinity’s crowdloan application is now running and is supported by the DFG with a value of 200,000 DOT.
To find out more, head to Efinity’s Crowdloan Event at 3:00 p.m. PST.
