Decentralized gaming ecosystem Enjin raised $20 million from its EFI token sale, which sold out in just 2 hours.
Enjin, which is committed to integrating NFTs to blockchain de Polkadot, through its new blockchain network Efinity, launched a public offering for the sale of EFI tokens, which investors sold out in just a few hours.
With this offer, which was made on the CoinList platform, Enjin raised a total of $20 million, which will be used to continue their project and finance the development of the Efinity network. This network is built as a parachain or sidechain on Polkadot, which will bring the potential of non-fungible tokens (NFT) to this interoperable blockchain ecosystem.
Enjin developers announced the creation of Efinity at the end of March, noting that it is a new next-generation blockchain network, dedicated to NFTs, to help humanity create a truly free and global digital economy.
That same month, Enjin held a funding round, raising $18,9 million from its investors. The round included participation from several of the industry’s most well-known companies and investment firms, including Crypto Capital, DFG Group, Hashed, Hypersphere, BlockTower, Blockchain.com Ventures, and many more.
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More than 40.000 participants in EFI offer
A total of 40.089 people participated in the Enjin EFI token public offering. However, before the public sale opened, nearly 600.000 people had registered on the platform to bid for Efinity tokens. Although the number of participants was small compared to the number of registered users, there is no doubt that there is a great interest from investors to acquire the new industry tokens, from the moment they are launched.
Efinity was born as a blockchain network that will help humanity explore the potential of non-fungible tokens, as tools for global transformation and development. When the developers announced the creation of Efinity, they pointed out that it is a new next-generation blockchain designed for NFTs, to connect creators, artists, collectors, investors and merchants within the same ecosystem.
Enjin is building a complete blockchain metaverse, without limitations or barriers, where participants can create and drive their own digital economies. Enjin’s vision with NFTs, since it brought the first non-fungible tokens to life in 2017, is to point the way to a truly free, open and global digital economy, capable of blurring the boundaries between the virtual and the real, rewarding creativity and accelerating innovation and development.
More innovative products from Enjin
In addition to Efinity, Enjin develops other products and solutions that seek to maximize the potential of blockchain technology, cryptocurrencies, and NFTs. For example, the network is also working on developing jump net, a solution focused on the scalability of EthereumJumpNet is designed as a high-speed bridge network that will enable free and instant transactions on the Enjin blockchain, using ERC-1155 tokens.
In late June, developers announced that JumpNet is officially a “carbon negative” blockchain network.
JumpNet will also serve as a bridge to connect Enjin, Ethereum, Polkadot, and other blockchain networks to Efinity NFTs. In this way, in addition to blockchain gaming, Enjin is evolving to become a complete multi-chain ecosystem for NFTs.
Continue reading: JumpNet, Enjin's multi-chain scaling solution to connect with NFTs at no cost
