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Enjin

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One of the grandaddies of the blockchain gaming space, Enjin has recently been whipping up a storm in the world of NFTs. It’s operated an NFT platform for several years now, allowing anyone to mint Ethereum-based NFTs without any code and thus providing a gateway into blockchain for game developers. In March, Enjin has been beefing up its presence in the NFT space with two key initiatives. In response to Ethereum’s ongoing scalability and cost woes, Enjin announced JumpNet, a private instance of the Ethereum blockchain which uses the Proof of Authority consensus for instant, free transactions involving Ethereum’s ERC-1155 token standard. At the end of March, Enjin also confirmed it has successfully raised $18.9 million to launched the first NFT blockchain based on Polkadot. Dubbed Efinity, it’s designed to be a cross-chain, scalable network allowing users to port their NFTs across different platforms. Crypto.com Capital, DFG Group, and Hashed led the round, in many other investors also participated.

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