{"id":40003,"date":"2021-04-02T10:17:35","date_gmt":"2021-04-02T07:17:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40003"},"modified":"2025-08-30T12:09:38","modified_gmt":"2025-08-30T09:09:38","slug":"enjin-raises-18-9-million-to-build-a-new-nft-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/enjin-raises-18-9-million-to-build-a-new-nft-platform\/","title":{"rendered":"Enjin raises $18.9 million to build a new NFT platform"},"content":{"rendered":"<p>\\n<\/p>\n<p>The blockchain company Enjin has raised $18.9 million to develop a Polkadot-based platform for non-fungible tokens (NFTs).<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">To help develop Efinity, the EFI private sale has sold out, raising $18.9 million led by <a href=\\\"https:\/\/twitter.com\/cryptocom?ref_src=twsrc%5Etfw\\\">@cryptocom<\/a> Capital, @DFG_Group &amp; <a href=\\\"https:\/\/twitter.com\/hashed_official?ref_src=twsrc%5Etfw\\\">@hashed_official<\/a>.<\/p>\n<p>We are grateful to have the support of an incredible group of partners who believe in our vision for <a href=\\\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&#038;ref_src=twsrc%5Etfw\\\">#NFTs<\/a>!<\/p>\n<p>More: <a href=\\\"https:\/\/t.co\/sPa4Q0UqFH\\\">https:\/\/t.co\/sPa4Q0UqFH<\/a> <a href=\\\"https:\/\/t.co\/V4xphNkiXV\\\">pic.twitter.com\/V4xphNkiXV<\/a><\/p>\n<p>\u2014 Enjin (@enjin) <a href=\\\"https:\/\/twitter.com\/enjin\/status\/1377276904252833792?ref_src=twsrc%5Etfw\\\">March 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<p>The company raised funds through a private sale of Efinity (EFI) tokens. Investors included Crypto.com, DFG Group, Hashed, BlockTower, Blockchain.com Ventures, Hypersphere, LD Capital, HashKey Capital, Arrington XRP Capital, DeFi Alliance and others.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to the statement, the Efinity platform aims to boost scalability and reduce gas costs, ensuring that NFTs are \\&#8221;convenient and accessible to everyone, everywhere\\&#8221;.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>It is expected that Efinity will provide a throughput of more than 1,000 TPS. Enjin explained that they chose to use Polkadot to offer users improved interoperability, speed and inexpensive transactions.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>At launch, there will also be \\&#8221;paratokens\\&#8221; that will allow NFTs on any blockchain to be linked directly to Efinity.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Digital assets must exist in the multiverse of blockchains. Opening liquidity across multiple networks and use cases will bind a broad ecosystem of creators, buyers and sellers\\&#8221;, said Enjin CTO Vitek Radomski.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n\\n\\n\\n<\/p>\n<p>Back in February 2020, Enjin launched a platform for issuing ERC-1155 tokens on the Ethereum network.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>.<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain company Enjin has raised $18.9 million to develop a Polkadot-based platform for non-fungible tokens (NFTs).<\/p>\n","protected":false},"author":1,"featured_media":40004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[953,1213,1461],"class_list":["post-40003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-enjin","tag-nft","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40003"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40003\/revisions"}],"predecessor-version":[{"id":40005,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40003\/revisions\/40005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40004"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}