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.
Enjin News
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Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.
4827 - News
NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things.
6085 - Interview
“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.
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As an ERC-20 compatible token, Enjin Coin, a cryptocurrency introduced by the Enjin corporation, may be transmitted and received using an Ethereum wallet.
4655 - Newsletter
Crypto prices have dropped to multiyear lows, raising the question of which assets from which subsectors are ready for accumulation.
14590 - Newsletter
A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify memberships.
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"There's also a hugely untapped mountain of gold in gameplay possibilities with NFTs," says Radomski.
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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.
16211 - Newsletter
Gaming tokens are preceding an altcoin season with substantial rallies as the DeFi sector posts losses against Bitcoin.
9483 - Market Update
AVAX, ENJ and EGLD brush off the recent drop in BTC price by posting a fresh round of all-time highs.
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The Efinity Metaverse Fund will focus on seed equity investments for projects building Efinity.
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The company previously said it planned to enable carbon-neutral NFTs by 2030 and claimed its JumpNet blockchain is already carbon-negative.
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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.
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The cryptocurrency industry uses approximately 150 TWh of electricity annually, which is more than Poland, Norway, Egypt or Sweden, the company said.
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