Enjin’s Efinity Launches The 1st NFT Parachain on Polkadot Network

Enjin’s Efinity has launched the first-ever non-fungible token (NFT) parachain on the Polkadot’s network.

In December 2021, Enjin’s NFT project, Efinity, won Polkadot’s last parachain auction for the year and raised over $214 million worth of DOT – scheduled to go live in March 2022.

Peter Mauric, the Head of Public Affairs at Parity Technologies, said that the Polkadot community had welcomed the initiative with excitement as Efinity delivers a “scalable solution for NFTs that is affordable and environmentally responsible.”

Efinity announced that one of the projects it will integrate will be CryptoBlades – a play-to-earn NFT role-playing game. The latter has over 1.1 million active uses, while other leading entities in the field, such as Lost Relics, SwissBorg, MyMetaverse, and Age of Rust, have also displayed their support towards the endeavor.

Phillip Devine, the CEO of CryptoBlades, said:

“Efinity will bring immediate value to users with native support for NFTs and a full suite of NFT gaming utilities developed by Enjin. Along with our play-to-earn title CryptoBlades, we are excited to make our NFT bridging, curated marketplace, and launchpad available via Efinity.”

Enjin’s NFT project offers a leap forward in scaling and performance. It can mint over 2,000 digital collectibles per transaction, with fees times lower than existing enterprises.

According to Witek Ramoski, Co-Founder & CTO at Enjin, they spent four years developing Efinity. He said: