“Efinity” project from “Enjin” wins the sixth Parachin against Polkadot…Details here


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The “Enjin” project concluded the year 2021 with a great performance, as its scalable and decentralized NFT infrastructure and multiple support for blockchain networks appeared, and all of this was reflected in the price of the currency, which achieved a new peak in November 2021 by reaching a new price peak estimated at $4.85.

Recently, Enjin’s “Efinity” project was announced as the winner of the last Polkadot Parachin Auction of the year.

Raised over $214 million:

The “Efinity” project was ranked sixth for Parachine after it raised nearly 7.7 million DOT worth over $214 million from more than 8,600 stakeholders who closed their money in favor of the project.

Congratulating the project on the win, Polkadot noted that Efinity will start operating on March 11, 2022, along with the winners of the next five auctions that will be held prior to commissioning.

Building the Next Generation NFT Marketplace:

Efinity is a project developed by blockchain gaming company Enjin as a multi-network NFT infrastructure that creates interoperability for the ecosystem while offering incentives to users transacting with NFT.

With almost all of the previous winners of Polkadot’s parachute slots related to decentralized finance, Efinity believes that blockchain networks are interconnected blocks, and the world actually needs a single, up-to-date network to share digital assets.

Efinity describes itself as the next generation marketplace for NFT.

The project seeks to take advantage of the Polkadot blockchain ecosystem to build a decentralized “metaverse” that allows users to exchange and transfer non-fungible tokens across blockchain networks.

The other Parachine Slot Winners on Polkadot are as follows:

Acala, Moonbeam, Astar, Parallel Finance, Clover Finance and most recently Efinity.

With an estimated 100 Parachine slots available on Polkadot, winners will be able to connect to the network by renting a slot in the network for up to 96 weeks with the option to review.

Meanwhile, the 7th Parachin Auction for Polkadot is scheduled to be held on January 7, 2022.

Read also:

Why did the price of bitcoin quickly rise to the level of $ 48,500 and then close annually below $ 47 thousand?

With rapid steps towards regulatory development: the “CoinEx” platform obtains the American license “MSB”

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