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Enjin Takes 200 Million NFTs Off Ethereum

 1 year ago
source link: https://cryptomode.com/enjin-takes-off-200-million-nfts/
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Enjin has recently orchestrated the most extensive NFT migration away from the Ethereum blockchain. This monumental shift involves the transfer of a staggering 200 million NFTs to the newly established Enjin Blockchain. This transition is not just a change in digital location. It represents a seismic shift in the blockchain landscape. Moreover, it encompasses assets from thousands of creators. 

Immediate Benefits for NFT Holders: A Seamless Transition

NFT owners can immediately claim their digital assets on the Enjin Blockchain. This process is streamlined through the Enjin Wallet, where a simple click on the “Claim” button does the trick. The migration brings with it several immediate advantages. 

Enjin has introduced network-wide fuel tanks, a feature offering free transactions across its ecosystem for three months. This incentive is a game-changer, making NFT transactions more accessible to a wider audience.

A significant aspect of this migration is the implementation of enforced on-chain royalties. This mechanism ensures that creators receive fair compensation for their work, a critical step in recognizing and valuing the creative process in the digital realm. 

Moreover, Enjin’s robust API and development platform are set to revolutionize token integration in mainstream gaming. This development simplifies the process, paving the way for a more seamless incorporation of NFTs into popular games.

A Testament to Innovation and User Experience

Enjin’s move from its legacy solutions is a testament to the community’s commitment to progress and its ambition for mass-market success. Only through relentless innovation, superior technology, and a focus on user experience can Web3 penetrate the global gaming market, which boasts over three billion gamers.

This migration was a colossal task, involving fungible and non-fungible tokens from Ethereum, Polkadot, and the Enjin Blockchain. The successful migration, backed by solid support from holders, secures the new Enjin Blockchain and broadens its governance scope.

Enjin’s decision to develop its blockchain dedicated to NFTs after six years of innovation on Ethereum is significant. The quest for scalability and affordability in Web3 gaming drives this move. 

A Tailored Infrastructure for Scalable Gaming

Enjin’s infrastructure is meticulously crafted to enable games to scale effectively, catering to mass market demands and overcoming the limitations of traditional blockchain infrastructure. This specialized approach is pivotal in accommodating the growing gaming community’s and developers’ needs.

Enjin Blockchain, a specialized fork of the Polkadot Network, tackles scalability issues head-on. It offers low transaction fees of just $0.005, a competitive edge in the blockchain space.

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