Non-fungible token (NFT) platform Enjin has announced its transition into a new mainnet called Enjin Blockchain with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain, Efinity, has also been forked into the new blockchain. Enjin’s goal with this move is to promote creativity by facilitating the easy and affordable creation and distribution of NFTs.
The Enjin Blockchain will differ from other blockchain solutions since it does not rely on smart contracts. Functions like creating and transferring NFTs will be integrated into the blockchain’s foundational code. Additionally, the blockchain will introduce new features, including “Fuel Tanks,” which allows developers to subsidize user transaction fees, and “Discrete Accounts,” which lets users interact with projects using its blockchain without the need for specific wallet software.
Meanwhile, Enjin’s Polkadot parachain, Efinity, has been forked to the new mainnet and will be called the “Efinity Matrixchain.” It will support a transition for its existing users.
Enjin co-founder and CTO Witek Radomski highlights that the launch of the Enjin Blockchain aims to support creativity by making it easier and more economical for anyone to create and distribute NFTs. This development is significant as CFO Oscar Franklin Tan believes that NFTs and digital ownership will become the cornerstone for the next wave of gaming, fueled by advancements in artificial intelligence, augmented reality, and virtual reality. As a result, Enjin aims to support the new explosion of content in this space.
On the other hand, crypto-enthusiasts may be skeptical about whether such a platform can maintain its position in the increasingly competitive NFT and blockchain sectors. The announcement may raise questions about how Enjin will adapt to changing market dynamics and the growing range of blockchain services on offer. Regardless, the Enjin Blockchain’s focus on fostering creativity and promoting the use of NFTs might attract a new generation of users who are keen to explore digital ownership and engage with emerging technologies.
Source: Cointelegraph
