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 16, 2024
Parathread ID: 2021 
Funds Raised: 7 695 377 DOT ($47 788 294)
Parathread ID: 2021 
Project Auction Info:  auction details 
Reward: 1 DOT : 26+ EFI
Crowdloan Cap: 50 000 000 DOT
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
Are you the project representative? Contact Us to update information
Primary Token:
Price:
$0.108
Total Supply:
2 000 000 000
Circulating Supply:
518 637 734
Market Cap:
$56 122 404
Trading Vol 24:
$2 078 432
EFI Distribution