Efinity Launches NFT Parachain, Lines Up CryptoBlades Integration

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Enjin, through its cross-chain infra­struc­ture, Efin­i­ty, has launched the first NFT parachain on Polka­dot. The devel­op­ment comes fol­low­ing Enjin’s Effin­i­ty project’s launch on Polka­dot parachain. Effi­ti­ty won the sixth parachain slot on Decem­ber 31st, 2020, after suc­cess­ful­ly rais­ing $214 mil­lion worth of DOT. Addi­tion­al­ly, the par­tic­i­pa­tion of more than 8,000 con­trib­u­tors was evi­dence of strong mar­ket inter­est in Effinity.

Efin­i­ty has estab­lished a rep­u­ta­tion for being high­ly scal­able and high­ly ener­gy-effi­cient. This is like­ly to attract users who are keen on projects that pri­or­i­tize envi­ron­men­tal well­be­ing with­out com­pro­mis­ing qual­i­ty. Efin­i­ty has brought a cut­ting-edge solu­tion to the scal­a­bil­i­ty bot­tle­necks in the NFT seg­ment. Notably, its infra­struc­ture is capa­ble of mint­ing 2,000 NFTs per trans­ac­tion, which sets t head and shoul­ders above many com­peti­tors. Also, its trans­ac­tion fees are com­par­a­tive­ly cheaper.

Fol­low­ing the launch of the NFT parachain, Efin­i­ty has already dis­closed a forth­com­ing inte­gra­tion with Cryp­to­Blades. Addi­tion­al­ly, there’s a strong pos­si­bil­i­ty of oth­er high-poten­tial projects join­ing the plat­form. For instance,  Swiss­Borg, Lost Relics, MyMeta­verse, and Age of Rust have expressed inter­est in Efin­i­ty.  There­fore, the Efin­i­ty com­mu­ni­ty should expect good returns in the com­ing days.

 As the NFT fren­zy grows, it will become increas­ing­ly nec­es­sary for NFT plat­forms to pro­vide high­ly scal­able and effi­cient solu­tions. Fur­ther­more, NFTs are like­ly to go main­stream in the near future. That will mean that NFTs will be not just for cryp­to enthu­si­asts but also for every­day enter­tain­ment and social inter­ac­tions. Already, Sam­sung Elec­tron­ics, one of the world’s largest elec­tron­ics man­u­fac­tur­ers, has announced that it will begin pro­vid­ing NFT sup­port on its smart TVs in 2022.

About Efinity

Efin­i­ty is a next-gen­er­a­tion blockchain for non-fun­gi­ble tokens (NFTs). The Enjin soft­ware com­pa­ny designed Efin­i­ty after work­ing on the project with the Web 3 foun­da­tion. Enjin itself cre­ates prod­ucts that enable users to cre­ate, man­age and store vir­tu­al assets for var­i­ous use cases.

Efin­i­ty has cross-chain capa­bil­i­ties, which enables it to bridge NFTs to the Polka­dot ecosys­tem. It’s project roadmap attract­ed strong sup­port from the Polka­dot com­mu­ni­ty, who raised $214 mil­lion worth of DOT to earn a parachain slot.

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