Project haven enjin
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The move allows Enjin to start allocating resources, funding, and support for projects looking to launch NFT projects at scale.įour years ago, Enjin introduced Efinity as a concept when the NFT industry and technology were evolving rapidly and yet to find mainstream appeal. Polkadot parachains allow individual projects to create their dedicated blockchains at scale, a workaround to NFT-based platforms that often congest their network with high volumes of transactions. Within the Polkadot ecosystem, Efinity is a parachain. Moreover, it aims to be the foundational layer to metaverse and blockchain gaming. The Efinity project is four years in the making and will welcome projects like Age of Rust, Lost Relics, and Microsoft’s Azure Heroes. These NFT rewards are then usable in video games such as Minecraft.The foundational layer of the metaverse has arrivedīlockchain gaming and NFT firm Enjin has launched its long-awaited Efinity parachain on Polkadot this week. After purchasing Enjin Coin through the Kriptomat widget, users will gain an upgradable NFT on JumpNet whose level grows as they make more purchases. The CEO of the company Joshua Kim applauded the capabilities of JumpNet, confirming his company tested the eco-friendly NFT life cycle on the blockchain, whose results he termed fastest in Korea.Ĭryptocurrency exchange Kriptomat is also partnering with Enjin to reward its users with NFTs via JumpNet. Ludena plans to fully utilize the blockchain to issue NFTs to its millions of users across the globe, including its popular app GameTalkTalk. Ludena Protocol, Korea’s top gaming-based social media company, also launched and issued its first-ever token on the JumpNet network. Joining JumpNetĭuring the recent Global Azure 2021 event, Microsoft utilized JumpNet to transfer about 7,000 NFTs through Enjin Beam QR codes, to reward event attendees and participants as part of the Microsoft Azure Heroes program. In contrast, JumpNet will consume about ~0.000002 of the electricity of the Ethereum blockchain.Īs a first, earlier step toward alleviating environmental impact, Enjin also created the ERC-1155 token standard, which cut NFT minting gas fees by almost 90%. Enjin is also developing Efinity, an NFT blockchain built on Polkadot, as another core piece of the transition to environmentally friendly tokens.īuilt as a Proof of Authority (PoA) blockchain, JumpNet is an alternative to the Ethereum network’s Proof-of-Work validation method, which consumes high electricity levels that miners currently benefit from enormously. Offering Eco-friendly NFT ServicesĪccording to Enjin’s blog, the startup plans to launch carbon-neutral NFTs via the JumpNet network by 2030, enabling anyone interested to take advantage of eco-friendly NFT minting.
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Kertonegoro also said that since the company’s NFT interest is growing, the full integration of JumpNet into the NFT space will continue and users will cherish experiencing the blockchain’s prowess. “Being able to mint and transact freely has unblocked nearly every project, and they’re moving over to JumpNet as fast as possible.” Enjin’s VP of Developer Success Simon Kertonegoro gave his remarks on the newly released blockchain, stating that JumpNet has amped up the development pace of the company’s ecosystem. Major players in the financial industry such as Binance, OKEx, and Microsoft have all acquired the services of the blockchain. JumpNet Spells Blockchain Technology ProwessĪlongside Enjin’s partners, more than 50 NFT projects have signed up for the JumpNet blockchain project. According to developers Enjin, JumpNet is a fast Proof-of-Authority (PoA) blockchain leveraging the distribution and minting of Non-Fungible Tokens (NFT) with zero gas fees charges. Enjin launched the early access version of the blockchain on April 6. JumpNet, an innovative gas-free blockchain created by Enjin, has recorded more than 50 NFT projects launched in its ecosystem just two weeks after it launched.