• 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

Analyst Warns of Potential Death Cross for Bitcoin

chest

Analyst Ali Martinez raises concerns about a potential death cross on Bitcoin's 3-day price chart, which could signal a bearish trend.

user avatarEmily Carter

Market Reactions to Quantum Threats in Cryptocurrency

chest

Market reactions are mixed regarding the potential threat of quantum computing to cryptocurrencies, with some experts downplaying the risk while others call for immediate action.

user avatarFilippo Romano

Technical Indicators Show Bullish Momentum for Ethereum

chest

Technical indicators for Ethereum suggest a potential bullish trend as the MACD for ETHUSD is gaining momentum in the bullish zone, and the RSI is now above 50.

user avatarTomas Novak

Bitcoin Falls Below Critical Support Threshold.

chest

Bitcoin has broken below the 65,000 support zone, shifting short-term momentum back in favor of the bears.

user avatarKaterina Papadopoulou

Traders Anticipate ETH Price Drop Following Buterin's Transactions

chest

Traders are reacting to Vitalik Buterin's recent moves, with predictions of ETH potentially falling to 1,500 before recovering.

user avatarMaya Lundqvist

Ethereum's Regulatory Status Gains Clarity

chest

Paul Atkins, the Chairman of the SEC, has informally classified Ethereum as a nonsecurity digital commodity, signaling a potential shift in regulatory outlook.

user avatarLeo van der Veen

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.