The Enjin blockchain, a substrate-based Layer 1 with NFT capabilities at the protocol layer, will feature core features such as managed wallets, fuel tanks, governance, and staking, and will launch on September 13 at 7:00 PM GMT. +8) will officially start.
After announcing the Enjin blockchain in June this year, the NFT network will finally be officially launched on September 13th at 7pm SGT (GMT+8).
This is a new Layer 1 network with NFT functionality at the protocol layer. This will be supported by his existing Enjin apps including the Enjin Wallet, the NFT.io marketplace, the Enjin platform for NFT no-code integration and the Bean NFT QR code distribution system. According to the announcement, these apps will work seamlessly on the new network.
The goal of the new blockchain is to make NFTs accessible to everyone while fulfilling the original vision of Enjin and Efinity. As a result, the new chain marks the unification of the Enjin and Efinity communities, with one of the oldest gaming ecosystems running on his one unified token, ENJ.
With the official launch, developers will officially integrate the Efinity Matrix Chain into the Enjin Matrix Chain as the new Layer 1 Pioneer Matrix Chain. This decision was approved through a governance proposal made in June this year.
Enjin Coin (ENJ) will be migrated 1:1 from ERC-20 to Substrate-based Enjin blockchain. Efinity Tokens (EFI) will be exchanged to ENJ at a 4:1 ratio.
This launch also marks the start of the chain’s core features, including governance and staking, managed wallets, fuel tanks, and more.
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