Enjin helped shape the NFT space from 2017 onward, creating the advanced ERC-1155 token standard and rolling out the first platform for making NFTs. It’s also the company behind Efinity, a cross-chain NFT network driven by the Efinity Token (EFI) and built on Polkadot. Efinity focuses on being environmentally friendly, highly scalable, and ready for a world where NFTs feel as common and simple to use as smartphones.

Features & Technology

Built on Polkadot

Enjin is collaborating with Parity Technologies to build Efinity as a Polkadot parachain. By relying on Relay Chain validators for consensus, Efinity maintains its own economic setup, along with distinct data and state.

Governance

The Efinity parachain operates with decentralized governance-anyone can submit a proposal, and EFI holders can vote on proposals and referendums to influence the network’s direction.

Fuel Tanks

Fuel Tanks are purpose-built discrete accounts that handle transaction fees only, letting organizations subsidize user costs by depositing EFI tokens into a Fuel Tank they manage.

Multisig Transactions

Multi-signature support enables multi-transfers, trades, minting, and crafting when a transaction involves multiple wallets or more than one token.

Crafting

Crafting lets users transform existing tokens or generate new ones via a Recipe. This approach supports adding game-like mechanics to collectibles with minimal effort.

Cross-Chain Bridge

Assets issued on other networks (such as ERC-20, ERC-721, and ERC-1155 on Ethereum) can be brought into Efinity through a bridge.

Marketplace

Efinity is set to give buyers and sellers a strong set of tools to create and populate orders for any token. A token doesn’t have to be listed for sale-or even exist on the network-to place a bid.

Discrete Accounts

Discrete Accounts are special unique addresses with no linked private key. They can be used to form purpose-specific accounts-for instance, so a company’s stakeholders can securely handle their assets.

Efinity Swap

Efinity Swap provides an automated swap mechanism between Paratokens. Once Paratokens can be converted into other Paratokens, existing Bid and Ask Orders involving those Paratokens can be matched and completed.

Use Cases

Efinity serves as a foundational component of Enjin’s multi-chain ecosystem, alongside JumpNet and Ethereum.

Two-way bridges between JumpNet, Ethereum, and Efinity allow individuals and organizations to create NFTs that can move smoothly across multiple chains, making use of each network’s distinctive strengths.

Efinity is intended to fundamentally reshape what NFTs are, what they can do, and how people and organizations can apply them.

Businesses

Businesses and enterprises of all sizes, including well-known global brands such as Microsoft and Binance, use Enjin’s NFT ecosystem to connect with and expand their audiences

Developers

More than 50 game and app developers use Enjin to build and integrate NFTs in creative ways-from open-world RPGs to augmented reality and sci-fi fantasy experiences

Key Highlights

Designed for Simplicity

On Efinity, fees are meant to remain mostly out of sight. End-users don’t even need a blockchain wallet. Transactions are confirmed in 6 seconds, supporting the quick turnarounds required by mainstream applications.

Rewards for Everyone

Unlike Bitcoin or Ethereum, Efinity provides rewards to network participants rather than miners. NFT creators, traders, developers, and early adopters all receive EFI token rewards that support Efinity’s ongoing growth and development.

A Network for Every NFT

Built on Polkadot, Efinity allows NFTs from any chain to be moved onto the network, equipping them with next-gen capabilities, low fees, and rapid transaction times. Efinity aims to let NFTs be used across nearly any industry, unlocking trillions of dollars in assets that are currently illiquid and unique across real-world and digital contexts.