Efinity

Efinity

EFI

A next-generation highway for the NFT industry

Current price

$0.47

Price Chart

Project Introduction

Efinity is a next-generation blockchain for non-fungible tokens (NFTs). Built in partnership with Parity Technologies, Efinity is purpose-built for NFTs. As a cross-chain network, it will support tokens from any blockchain.

Efinity is environmentally friendly, scalable, and designed to enable a future where NFTs are as widespread and easy-to-use as smartphones today. It’s built for games, apps, enterprises, and individual creators to deliver their own NFTs to mainstream audiences.

EFI is the native token of Efinity, designed for transaction fees, liquidity, rewards, and governance.

Project Highlight

In its internal alpha, Efinity is supporting up to 120 million token transfers per block, with batches of 12,000 transactions.

Key Highlights

  • Designed for Simplicity: Fees on Efinity are designed to stay in the background. End-users don't even need a blockchain wallet. Transactions are confirmed in 6 seconds, which permits the fast response times needed for mainstream applications.
  • Rewards for EveryoneUnlike Bitcoin or Ethereum, Efinity rewards network participants—not miners. Everyone from NFT creators and traders, to developers and early adopters is rewarded with the EFI token, fueling Efinity's growth and development.
  • A Network for Every NFT: Efinity is built on Polkadot, allowing any NFT from any chain to be moved to the network, supercharging it with next-gen features, low fees, and fast transaction times.

Project History

Efinity is developed by Enjin, a pioneer of the NFT industry. Enjin helped kickstart the NFT movement on Ethereum in 2017,  authoring the advanced ERC-1155 NFT token standard, and launching the first NFT creation platform. Prior to ERC-1155, Enjin CTO Witek Radomski wrote the code for one of the first ever NFTs.

Enjin has built an entire ecosystem of blockchain software products that make it easy and affordable to use and integrate NFTs:

  • Enjin Platform for minting NFTs
  • API, plugins, and SDKs for integrating NFTs into games, apps, and other software
  • Enjin Wallet for storing and interacting with NFTs and cryptocurrencies
  • Enjin Explorer for searching and exploring blockchain transactions
  • Enjin Marketplace for trading NFTs
  • Enjin Beam for mass-distribution of NFTs via QR codes
  • JumpNet blockchain for instant, gas-free, eco-friendly NFT transactions
  • Efinity: an upcoming cross-chain network purpose-built for NFTs

Enjin’s tech stack has been used by businesses of all sizes, including leading global brands like Microsoft and BMW, as well as crypto industry companies like Binance, CoinMarketCap, CoinGecko, and SwissBorg. Over 70 game and app developers are using Enjin to create and integrate NFTs, built for platforms like PC, Xbox, PlayStation, and mobile.

Team Members

Efinity is developed by Enjin, an NFT market leader and team of savvy entrepreneurs and tech industry experts. Enjin is building a product ecosystem that will help humanity create an advanced, open digital asset economy where new digital worlds begin.

- Maxim Blagov, Co-founder and CEO: 20 years of experience in creative direction, project management, and UX/UI design. Expert in concept and strategy development for large interactive and blockchain applications.

- Witek Radomski, Co-founder and CTO: Author of the ERC-1155 token standard. Wrote the code for one of the first-ever NFTs. Oversees Enjin technical engineering, development, and product vision.

- Caleb Applegate, COO: Successful entrepreneur with deep experience helping companies achieve goals and objectives. Former COO and owner of Mineplex, one of the world’s largest Minecraft servers.

Investors

The 3 EFI private sale rounds were led by Crypto.com Capital, DFG Group, and Hashed. It was also supported by BlockTower, Blockchain.com Ventures, Hypersphere, LD Capital, HashKey Capital, Arrington XRP Capital, Fenbushi, D1 Ventures, Kenetic, Animoca Brands, DeFi Alliance, Digital Renaissance Foundation, CMT Digital, Capstone, Amaiya, Andromeda, BlockArk, GBV Capital Master Ventures, PNYX, and an extensive list of other firms and individuals.



Key Metrics

Market Cap:
?
24h Volume:
$8,984,742
All time high:
$3.2
All time low:
$0.40

Token Allocation

Token Circulation

Total supply
2,000,000,000
Cir. supply
?

Investors