Efinity: The Metaverse Is Live on Polkadot
Today marks a historic moment for the Enjin and NFT communities. After years of intensive research and development, Efinity is now live.
“At Enjin, we’ve always said and believed that “adoption is everything,” stated Bryana Kortendick, head of communications at Enjin.
Since 2017, Enjin has worked to create the wave of NFT adoption that grew into 2021’s tsunami.
The work Enjin has done over the years, from releasing the first public NFT minting service to authoring the ERC-1155 NFT standard, grew into something bigger.
Four years ago, the company introduced Efinity as a concept.
The Ethereum network and NFT movement gained traction beyond expectations.
“It was our responsibility to find a scalable, affordable solution that would allow adopters to build blockchain games and projects for millions of users,” said Kortendick.
After years of intensive research and development, Enjin found this solution in Polkadot.
“Today, we are beyond excited to achieve another significant milestone for the Enjin ecosystem and wider NFT space: The Efinity parachain is live on Polkadot.”
Polkadot was conceived from the 2016 whitepaper published by Dr. Gavin Wood, co-founder and former CTO of Ethereum.
Polkadot was designed to support a vision for a fair, secure, decentralized, and resilient web where users are in control (coined “Web 3.0”), built on the following core principles:
- True interoperability
- Economic and transactional scalability
- Easy blockchain innovation
- Energy efficiency
- Security for everyone
- User-driven governance
“After deep diving into this technology stack, it became obvious to us that Polkadot was the future of Efinity — and NFTs.”
Efinity was fueled by the dream of providing the world’s 3.1 billion gamers a home on the blockchain.
“We wanted to create a cross-chain system that could host any cryptocurrency or NFT out-of-the-box, no smart contract deployment needed.”
This means users will be able to move their assets onto Efinity without asking the creator’s permission.
Efinity has already been live on Polkadot’s Rococo test network since the beginning of March — and as of today, it’s officially live as a parachain on Polkadot.
