• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Enjin migrates 200 million NFTs from Ethereum to its blockchain

Enjin migrates 200 million NFTs from Ethereum to its blockchain

user avatar

by Liza Tanasova

2 years ago


Non-Futurable Token (NFT) platform Enjin recently migrated more than 200 million NFTs from Ethereum and the sidechain to Enjin's own blockchain.

In a statement obtained by Cointelegraph, Enjin noted that more than 118 million NFTs hosted on Ethereum, along with more than 101 million NFTs hosted on an Ethereum sidechain called JumpNet, have been migrated to its main network, called Enjin Blockchain. 

In June, this NFT platform announced the creation of its own blockchain. Enjin said that the new network includes features specifically geared toward NFTs. With the move, users will also experience some changes, such as the ability to use embedded royalties and a new feature called "Fuel Tanks" that will allow developers to subsidize gas fees for users. According to the announcement, the platform will use the feature to provide users with free transactions across its ecosystem for three months.

Atlas Development Services' COO, Atlas Development Services, also noted that the move to a different blockchain will potentially connect Web3 to the three billion global market of gamers.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Industry Divided Over Bitcoin's Exclusion from PARITY Act

chest

The exclusion of Bitcoin from the Digital Asset PARITY Act's tax exemption has sparked significant debate within the crypto industry, highlighting divisions between supporters and advocates.

user avatarDavid Robinson

PARITY Act and Lummis Bill Present Divergent Paths for Crypto Taxation

chest

The PARITY Act and the competing Lummis bill differ significantly in their approach to crypto tax exemptions.

user avatarAndrew Smith

Automated Execution Systems Gain Traction in Futures Markets

chest

The shift from manual operations to automated execution is accelerating in the futures markets, driven by the advantages of futures contracts.

user avatarZainab Kamara

CFTC Announces Framework for Crypto Perpetual Futures

chest

CFTC Chairman Michael Selig announced plans to create a framework for crypto perpetual futures during the Milken Institute Future of Finance conference.

user avatarJacob Williams

OneBullEx Launches Futures-Focused Derivatives Exchange

chest

OneBullEx has launched a futures-focused derivatives exchange, providing a seamless infrastructure for automated trading.

user avatarSon Min-ho

Umbra's Public Launch Follows High Demand for Privacy Solutions

chest

Umbra's public launch follows high demand for privacy solutions.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.