Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Efinity

NFT
Gaming

Enjin, the creators of the ERC-1155 NFT standard, is developing Efinity, a next-generation blockchain to serve as the infrastructure of the decentralized metaverse.

Businesses and developers seriously need a platform that can deliver a modern, mainstream, and developer-friendly NFT experience. Since the release of Ethereum, there have been attempts to build infrastructure and tokenization around this general-purpose computing blockchain, but there’s an ever-growing thirst for a better solution.

Creators are forced to work with crippling fees, inflexible smart contracts, and disjointed interoperability. Adoption of today’s NFTs is still limited to die-hard crypto enthusiasts.

The blockchains that NFTs live on give actual users no incentives (other than the prices rising), because miners are given the full share of generated tokens. Prices rise, infrastructure companies create silos and paywalls, and it becomes difficult to make real progress in this industry - unless we can unify the community and think a bit differently.

Efinity is built to solve these problems. Addressing gas fees and congestion head-on, Efinity provides world-class scalability, currently testing at 20 million NFT mints/transfers per second.

We're developing a new token standard called the Paratoken Standard, which will support NFTs from any network and will be compatible with the entire Polkadot and Kusama ecosystem.

Efinity Token (EFI) will be the first-ever paratoken.

Tokens:  EFI  
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
 Has mainnet  
Auction 6: WINNER
Slot #7: leasing March 11, 2022 - January 12, 2024
Project Auction Info:  auction details 
Reward: 1 DOT : 26+ EFI
Reward Pool: 200m of 2b (10%)
  • EFI tokens will be vested linearly over the 2-year period
  • The top 250 Crowdloan contributors will receive an NFT. An additional 250 NFTs will be randomly distributed to lucky participants
Developer Activity
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Primary Token:
Price:
$0.184
Total Supply:
2 000 000 000
Circulating Supply:
387 340 324
Market Cap:
$71 494 472
Trading Vol 24:
$8 340 654
Crowdloan Reward Pool:
200 000 000 (10% of Total Supply)
EFI Distribution