• 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 dapp_writer003

a year 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

Share

Other news

XRP Reaches New Heights, Breaking the $0.72 Barrier

XRP price surpasses $0.72, marking a significant increase after a period of stagnation.

user avatar

21 minutes ago

Top Altcoins to Invest in November 2024

Promising altcoins: RCO Finance, Chainlink, and Sui show significant growth in November 2024.

user avatar

22 minutes ago

Pepe Supports Trump: New Solana Memecoin with 18,000% Growth Potential

Pepe Supports Trump, a new memecoin in the Solana ecosystem, could grow 18,000%, like Shiba Inu and Dogecoin.

user avatar

22 minutes ago

Ripple Faces Legal Challenges and Hopes for Regulatory Change

Ripple battles legal issues, hoping for a shift in regulations with the new U.S. president.

user avatar

22 minutes ago

Record Bitcoin Growth Linked to Halving and Its Impacts

Bitcoin prices rise post-halving, supply constraints create bubbles.

user avatar

22 minutes ago

Post-Halving Bitcoin Price Surge: Expert Analysis

Bitcoin price surge post-halving: Experts discuss the reasons and prospects.

user avatar

23 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.