Planned development on Efinity, including commitments from BitBoy’s Pluto Alliance and 70+ projects, highlights demand for decentralized Metaverse infrastructure in supporting Efinity’s bid amidst the ongoing Polkadot parachain crowdloan…
Enjin, a decentralized platform for non-fungible tokens (NFTs), today announced over 70 ecosystem partners have committed to building the decentralized Metaverse on Efinity, a decentralized, self-governed, and self-sustaining blockchain for NFTs, featuring full interoperability with other networks via the Polkadot Paratoken standard being developed by Enjin as part of the Efinity stack.
In a competitive first batch of bids in Polkadot’s Parachain Auction, the cross-chain NFT network aims to gather support from leaders in the development of Web3 to become a Polkadot parachain.
The network features fuel tanks and discrete accounts to streamline the user onboarding experience, allowing users to start playing with no barriers to entry.
Furthermore, the platform’s on-chain marketplace includes an open bidding system that allows NFTs on any bridged blockchain to be bid on, regardless of whether they are listed for sale.
Newly announced adopters Hololoot and VRJam will complement the visual elements of the decentralized Metaverse on Efinity, promising both augmented reality (AR) and virtual reality (VR) functionality and laying the foundation for a graphical creator economy.
Additionally, Lost Relics, Age of Rust, Forest Knight, Dvision Network, Uniqly, Pluto Alliance, and SwissBorg are among the 70+ projects choosing to adopt Efinity for its usability, speed, scalability, and low environmental impact. This follows the news that Enjin launched a $100M Efinity Metaverse Fund to support builders of a decentralized Metaverse.
Enjin CTO Witek Radomski, the creator of the ERC-1155 token standard and the paratoken standard on Polkadot, stated, “Efinity will harness the concentrated efforts of all its ecosystem partners in building an open, decentralized, collaborative Metaverse. Our joint efforts will be focused on building a Metaverse that anyone can access from any chained network, delivering next-level utility and functionality to NFTs.”
Along with plans to build on Efinity, BitBoy’s Pluto Alliance is issuing limited-edition collectibles for Efinity Crowdloan supporters. To get involved and demonstrate support for Efinity, interested parties can contribute their Polkadot (DOT) tokens here or via exchanges such as Binance, Kraken, Huobi, and OKEx.
Efinity’s Crowdloan bid is now underway, receiving 200,000 DOT worth of support from DFG.
To learn more check out Efinity’s Crowdloan event at 15:00 PST.