June 25, 2021

Enjin releasing two scaling services to eliminate gas and assistance NFTs from any blockchain

2 min read

CryptoNinjas” Enjin releasing 2 scaling options to get rid of gas and assistance NFTs from any blockchain

Enjin, the co-creator of the ERC-1155 token standard, today announced it is releasing two scaling services to remove gas and assistance fungible and non-fungible tokens (NFTs) from any blockchain: JumpNet, launching on April 6th, and Efinity, releasing later in 2021.

JumpNet will use Proof of Authority (PoA) agreement reasoning on a personal Ethereum-based blockchain to bring ‘‘ permanently complimentary’ scaling to Ethereum. The scaling option comes at a time when the network is paralyzed by high gas charges, which has actually made minting, trading, and distributing the majority of NFTs unsustainable.

Enjin has likewise announced a broadened scope for the upcoming Efinity Network, a decentralized multi-chain highway that will support fungible and non-fungible tokens from any other chain.

Efinity is constructed to be an open platform that any wallet, marketplace, or exchange can use to adopt all blockchains and manage transactions in a scalable method.

Witek Radomski, Enjin CTO”JumpNet is our high-speed bridge network that will allow developers to mass-distribute thousands of NFTs at no charge. Tokens on JumpNet can jump between the Ethereum network or Efinity (our upcoming NFT highway) when it introduces later on this year. These innovations will enable developers to reach mainstream users and provide modern-day experiences without worrying about unforeseeable organization overhead brought on by gas charges.”
– – Witek Radomski, Enjin CTO

Enjin

The Enjin Platform has actually been adopted by over 8,700 developers who will quickly have the ability to mint multi-chain tokens and port them onto compatible blockchains, and developers on other blockchains will have the ability to move their tokens onto Efinity to decrease gas costs.

Business like Microsoft, Atari, and various markets are already leveraging the Enjin Platform to provide next-gen experiences and outcomes for their clients. From April 6th, Enjin’s JumpNet will allow these organizations to finish a wide variety of actions with no gas or deal costs:

  • Send and receive Enjin Coin (ENJ) and ERC-1155 tokens through the Enjin Wallet
  • Mint ERC-1155 tokens on the Enjin Platform
  • Trade ERC-1155 tokens on the Enjin Marketplace
  • Distribute ENJ and ERC-1155 tokens by means of QR codes
  • Immediately distribute ERC-1155 tokens from Enjin-integrated apps and video games

CryptoNinjas” Enjin introducing two scaling solutions to eliminate gas and support NFTs from any blockchain