Enjin (ENJ) Crypto News Today

Atlas Development Services executive Oscar Franklin Tan told Cointelegraph that to avoid the gas fees for transferring 200 million NFTs, it took a different approach in the migration.

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the easy and affordable creation and distribution of NFTs.

Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.

NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things.

“We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro.

As an ERC-20 compatible token, Enjin Coin, a cryptocurrency introduced by the Enjin corporation, may be transmitted and received using an Ethereum wallet.

Crypto prices have dropped to multiyear lows, raising the question of which assets from which subsectors are ready for accumulation.

A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify memberships.

"There's also a hugely untapped mountain of gold in gameplay possibilities with NFTs," says Radomski.

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the best altcoins under $3 you may want to consider buying.

Gaming tokens are preceding an altcoin season with substantial rallies as the DeFi sector posts losses against Bitcoin.

AVAX, ENJ and EGLD brush off the recent drop in BTC price by posting a fresh round of all-time highs.

The Efinity Metaverse Fund will focus on seed equity investments for projects building Efinity.

The company previously said it planned to enable carbon-neutral NFTs by 2030 and claimed its JumpNet blockchain is already carbon-negative.

EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours.