Leading NFT and digital assets ecosystem, Enjin has announced the release of its Enjin Blockchain. This cutting-edge blockchain, designed specifically for Non-Fungible Tokens (NFTs) and digital assets, offers transactions at the protocol level. The blockchain differentiates itself by being built on the open-source Substrate framework, marking a novel approach to NFT technology.
This is the great next chapter and a new era for the Enjin and Efinity communities and the Future of #NFTs and #Web3.
Innovative Features and User-Friendly Design
Enjin’s Blockchain introduces various unique features, such as Fuel Tanks, that let developers cover transaction costs, rendering these expenses invisible to users. Another unique attribute is Discrete Accounts, which enable users to interact with the blockchain without needing a dedicated wallet, simplifying the overall experience.
The release of Enjin Blockchain is seen as a significant step towards mainstream adoption. It offers a cost-effective and user-friendly solution for creators, enterprises, and individuals to fully harness the power of NFTs and digital assets. Enjin is known as one of the first NFT gaming ecosystems in the world, and this blockchain is a significant achievement on their journey.
As part of this new direction, Enjin Coin (ENJ) will migrate from the Ethereum network to become the native token of the Enjin Blockchain’s Mainnet. Efinity Token (EFI) will also merge with Enjin Coin (ENJ), uniting both communities with a fair and transparent process.
The Efinity Matrixchain and Future Deployment
Efinity, Enjin’s Polkadot para chain, has been successfully forked to the Enjin Blockchain, functioning as the Efinity Matrixchain. The move ensures a seamless transition for existing Efinity users, with all blockchain data securely inherited. Plans are in place for the future deployment of the Enjin Matrixchain and additional Matrixchains, expanding digital ownership and interaction possibilities.
Enjin’s community projects are set to adopt the Enjin Blockchain, further promoting its integration and use. Moreover, developers can now adapt the Enjin App Layer, driving low-cost NFT integration. The upcoming Enjin Matrixchain will also leverage Substrate’s robust Proof-of-Stake system for security and reliability.