Enjin, the leading blockchain ecosystem for NFTs and digital items, releases the Enjin Blockchain, a revolutionary blockchain engineered for NFTs and other digital assets at the protocol level.
Enjin Blockchain and Efinity Matrixchain: A New Era and the Future of NFTs
Enjin, a leading blockchain ecosystem for NFTs and digital items, has launched the Enjin Blockchain, a groundbreaking blockchain specifically designed for NFTs and other digital assets at the protocol level.
Based on the open-source Substrate framework, the Enjin Blockchain stands out with its unique design philosophy tailored to Non-Fungible Tokens (NFTs). Unlike other solutions, it eliminates the need for smart contracts by integrating essential functions like creating, using, and transferring NFTs directly into the foundational code.
This innovative approach enables projects to develop scalable digital assets with advanced capabilities while maintaining compatibility with other ecosystems. The architecture of the Enjin Blockchain prioritizes cost-efficiency, scalability, and security, ensuring it can adapt to future market requirements.
One of the remarkable features of the Enjin Blockchain is Fuel Tanks, which enables developers to subsidize transaction fees, making them invisible to end-users. Additionally, Discrete Accounts allow users to interact with projects using the Enjin Blockchain without downloading dedicated wallet software, simplifying the user experience.
The integration of Enjin Blockchain is accessible to developers and creators of all sizes through intuitive and user-friendly tooling, supported by the longstanding Enjin application layer.
Enjin Blockchain represents a significant milestone in the journey towards mainstream adoption of NFTs and digital assets. It provides a user-friendly and cost-effective solution that empowers creators, enterprises, and individuals to leverage the full potential of these assets. The whitepaper detailing the vision and architecture of the Enjin Blockchain is available for reference.
As part of the transition, Enjin Coin (ENJ) is proposed to migrate from the Ethereum network to become the native token of the Enjin Blockchain’s Mainnet on a 1:1 basis. This migration allows the Enjin Coin community to benefit from the cutting-edge capabilities of the Enjin Blockchain.
Furthermore, the proposal includes merging the Efinity Token (EFI) with Enjin Coin (ENJ) to unite the EFI and ENJ communities through a fair and transparent process, reflecting their commitment to decentralized governance and participation. Governance and token-related documentation will be released soon.
In a significant development, the Efinity Polkadot parachain has been successfully forked to the Enjin Blockchain, operating as the “Efinity Matrixchain” pending ratification through a referendum.
The Efinity Matrixchain is already operational and ensures the secure inheritance of all blockchain data from Polkadot Efinity, including balances, states, NFTs, collection balances, and addresses, maintaining the continuity and integrity of user data.
The future deployment of the Enjin Matrixchain as the flagship Matrixchain on the Enjin Blockchain is also planned. It will inherit all the data from Efinity through a secure process and utilize ENJ as the native currency. The Enjin Matrixchain will be the primary platform for end-users to create NFTs and digital items, embodying Enjin’s commitment to innovation, user-centric design, and mass adoption.
Additionally, the Enjin ecosystem plans to deploy additional Matrixchains tailored to the specific needs of enterprises and large communities. These Matrixchains will offer a customized Web3 environment to address the unique requirements of various applications and use cases, expanding the possibilities of digital ownership and interaction.
Existing key Enjin community projects will be integrated into the Enjin Blockchain, strengthening the adoption and integration of the Enjin ecosystem. All Enjin community projects are invited to join the Enjin Blockchain.
The Enjin App Layer, which has been instrumental in facilitating low-cost NFT integration since 2018, can be easily integrated even by indie game developers without extensive blockchain development resources. It includes Enjin Wallet, Enjin Web Wallet, NFT.io Marketplace & NFT Platform, Enjin Beam (a QR code-based NFT distribution system), and Enjin Platform (API and SDK middleware for NFT integration). These components have been adapted for the Enjin Blockchain and are now available for community use.
The Enjin Blockchain and the upcoming Enjin Matrixchain will be secured by Substrate’s robust Proof-of-Stake system, powered by Enjin Coin (ENJ). This consensus mechanism ensures the highest levels of security, reliability, and sustainability, instilling confidence in the community.
The Enjin ecosystem originated from Enjin, a Singapore-based software company founded in 2009 by Maxim Blagov and Witek Radomski. Enjin developed a gaming content management system that garnered over 21 million users and hosted more than 500,000 gaming community websites.
It also operated some of the largest Minecraft servers during the game’s peak popularity. Radomski, a self-taught blockchain developer, later authored the widely adopted ERC-1155 standard for NFTs, addressing limitations in the ERC-20 and ERC-721 standards.
The Enjin community continues to drive blockchain innovation, empowering individuals, developers, and enterprises to revolutionize the landscape of digital items. Join the Enjin ecosystem on this remarkable journey as it shapes the future of digital ownership, NFTs, and blockchain technology.
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