Efinity developed by Enjin. Enjin started the NFT industry in 2017 -- erC-1155, the groundbreaking NFT token standard and the author of the first NFT creation platform.
Efinity is a global cross-chain NFT blockchain. Powered by deflationary EFI tokens, the network is environmentally friendly, scalable and built for games, apps, businesses and creators to offer mainstream audiences their own irreplaceable tokens.
Efinity is built on Polkadot, in collaboration with Parity Technologies and the Web3 Foundation, and is a new blockchain built for NFT. It's a symbolic highway, designed to enable a certain kind of future -- NFT as widespread and easy to use as smartphones are today.
there are transaction fee commissions, smart contracts, fuel tanks, processes, discrete accounts, instant exchange, local multiple signatures, price discovery, cross-chain markets, and NFT starter boards. Efinity transactions confirmed and extended to 1000 TPS in 6 seconds; By comparison, the Ethereum network currently runs at about 15 TPS.
Efinity will make NFT available to virtually every industry, thereby unlocking trillions of dollars of currently illiquid and unique real world and digital assets.
Efinity was developed as a parallel chain on Polkadot, a next-generation fully decentralized network that is addressing the biggest issues facing blockchains today, including interoperability, scalability, speed, security, privacy, developability, and governance.
Efinity tokens (EFI), Efinity's deflationary tokens are designed for transaction fees, liquidity and rewards. Featuring community governance, EFI holders submit and vote on proposals to guide the future of the web.
Efinity's network fees, market commissions, cross-chain bridging fees, and smart contract fees will be used to generate revenue through collateral and injection of Enjin Coin (ENJ) as well as participation in transactions and discovery of NFT. ENJ is a key part of the solution, allowing any user to specify the most efficient integrator node running Efinity blockchain.
In addition, EFI will be the core utility for the next generation multi-chain NFT starter board and market NFT. IO. Obtaining EFI will be required to plant exclusive NFT and participate in the NFT. IO network.