Enjin Blockchain is designed to secure the future of NFTs.
Enjin developers have introduced a new blockchain that is specifically tailored for the non-fungible token market.
Enjin Blockchain, the name given by Enjin to the new blockchain, brings together the necessary tools to accelerate the development of NFTs. The new network integrates a novel approach that distinguishes it from other well-known networks in the crypto industry.
One of the main features of Enjin Blockchain is the NFT-specific features built in at the protocol levelThis means that the new blockchain, instead of using smart contracts to store and execute functions such as creating and transferring NFTs and virtual assets, supports the functions directly in its code.
The new functional approach with which Enjin Blockchain was designed facilitates the creation of more scalable, interoperable digital assets with more advanced capabilities for the future, Enjin developers highlighted in a release.
Enjin Blockchain, a blockchain for the future of NFT
Despite the current slowdown in the NFT market, developers and builders continue to design new solutions and tools to boost the growth and innovation of these digital assets.
Last year, the non-fungible token market moved close to $24.700 billion in trading volume, with more than 101 million registered sales, according to data from DappRadar’s “Blockchain and Dapp Adoption Report 2022”. This data highlights the growth of the NFT market compared to 2021 and how it has been evolving and expanding.
Therefore, through Enjin Blockchain, Enjin developers want to provide a solution that allows the NFT market to continue to be built while developing new capabilities.
New capabilities for NFTs
Enjin’s new blockchain is designed to meet and adapt to the future requirements of the non-fungible market, balance market profitability and scalability without compromising security, and ensure interoperability with other blockchain ecosystems.
Enjin Blockchain integrates other features such as Fuel Tanks and Discrete Accounts, which allow developers and end-users a range of functions, such as the ability to subsidize gas costs and immediately interact with a project without the need to use a dedicated wallet.
From Polkadot to Enjin Blockchain
As part of their goals, Enjin developers have forked Efinity, the NFT platform developed as a parachain on the Polkadot blockchain, to Enjin Blockchain. In the statement, Enjin developers pointed out that the forked network, which has been named Efinity Matrixchain, is in line with Enjin’s commitment to innovation, user-focused design, and mass adoption of non-fungible tokens and blockchain technology.
Enjin is a pioneer in the use of NFTs and seeks to pave the way for widespread adoption of these assets by further simplifying the user experience with intuitive and easy-to-use tools.
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