December 31, 2021

NFT Efinity Network 6th Winner For Parachain Slots At Polkadot!

 Efinity became part of the Polkadot ecosystem after winning an auctioned parachain slot.


This good news was shared via Engine’s official Twitter earlier this morning.


With 7.7M $ DOT contributed by over 20,000 community members, @efinityio has won the 6th @Polkadot parachain auction! ⁇


Thank you to everyone who has supported us in our endeavor to bring #NFTs to Polkadot.


To Efinity and beyond! pic.twitter.com/n2ffJEr53C


- Engine | We're Hiring! (@enjin) December 30, 2021


Efinity won the Polkadot parachain slot through an investment of 7.7 million DOTs contributed by over 20,000 members of its community.


This opportunity also means Efinity has joined Acala, Moonbeam, Astar, Parallel Finance, and Clover Finance.



However Efinity will be anchored in the parachain at block 9,388,800, expected to take place on March 11, 2022 along with the auction winners for the 6th to 11th slots.


Summary of Efinity


Efinity is a non-fungible token (NFT) cross-chain blockchain developed by Engine.


The presence of the Efinity network facilitates the exchange and listing of NFT prices, including being able to process 700-1,000 transactions per second (tps).


Through this integration, Engine will develop token standards known as paratokens that are compatible with parachains, parathreads, and smart contracts that can interact with the entire Polkadot and Kusama ecosystems.


At the same time, other tokens generated on other networks: ERC-20, ERC-721, and ERC-1155 can join Efinity through a linker or known as a bridge.


While Efinity (EFI) will be the main utility paratoken that will be implemented in the network.