Blockchain
Enjin Launches Efinity on Polkadot with 100+ Games & Apps to Join
Enjin, the leading ecosystem for non-fungible tokens (NFTs), has launched its flagship parachain Efinity on Polkadot. As the first-ever NFT parachain to launch on the Polkadot network, Efinity will support CryptoBlades and its 1.1 million users, with additional commitment from over 100 games and apps.
Purpose-built to remove the barriers to entry to NFTs and decentralized gaming, Efinity simplifies the user experience and economics of digital asset management. As the first gaming platform to boost NFT adoption on Ethereum and authors of ERC-1155, Enjin is now heralding Polkadot and Efinity as the next generation of blockchain gaming.
Peter Mauric, Head of Public Affairs at Parity Technologies, commented: “Interoperability is crucial to the progression of Web3 and the metaverse. Polkadot is addressing the restrictive effects of incompatibility between blockchains, providing a platform for a modular cross-chain infrastructure. The Polkadot community is excited to see what Efinity delivers — a scalable solution for NFTs that is affordable and environmentally responsible.”
Among the projects that will integrate Efinity is CryptoBlades, a play-to-earn NFT RPG produced by award-winning studio Riveted Games. Along with CryptoBlades and its 1.1 million active users, over 100 projects have pledged their commitment to Efinity, including Lost Relics, Dvision Network, SwissBorg, MyMetaverse, Age of Rust, and the PlayNFT Twitch plugin. These projects will receive beta access to build on Efinity via the Enjin Platform, a blockchain development platform with over 160,000 users.
Phillip Devine, CEO of CryptoBlades, added: “Efinity will bring immediate value to users with native support for NFTs and a full suite of NFT gaming utilities developed by Enjin. Along with our play-to-earn title CryptoBlades, we are excited to make our NFT bridging, curated marketplace, and launchpad available via Efinity.”
Efinity’s features cater to crypto novices and experts alike. Offering a massive leap forward in NFT scaling and performance, Efinity is currently capable of minting 2,000+ NFTs to 2,000+ separate wallets per transaction with transaction fees 2,000x lower than existing NFTs on Ethereum. Virtual wallets enable easy onboarding by not requiring new users to have a crypto wallet, and cross-chain bridges will enable users to port their NFTs and cryptocurrencies onto Efinity from any blockchain. Additionally, developers will be able to subsidize transaction costs for their users using Efinity’s fuel tanks.
Witek Radomski, Co-founder & CTO at Enjin, concluded: “After four years of intensive research and development, Efinity adopters now have access to the most scalable, secure, and feature-packed NFT blockchain available. With many groundbreaking features coming to Efinity in the months following launch, there will be no other chain that allows this level of customizability and interactivity in NFT applications at scale.”
Enjin has released its roadmap for the remainder of March 2022, including closed beta launches for the NFT.io marketplace and v2.0 of the Enjin Wallet app. Those interested in exploring the possibilities of Enjin’s tech stack and Efinity can visit enjin.io/efinity.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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