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Enjins Efinity wins 6th round of the Polkadot Parachain auction with 7.7 million DOT

Enjin will do great in 2021 when the scalable, decentralized and cross-chain NFT infrastructure Efinity wins the last Polkadot Parachain auction of the year.

More than 7.7 million DOT. collected

Follow notification Most recently, Efinity won the sixth position in the parachain after raising nearly 7.7 million DOTs worth over $ 214 million from over 8,600 stakeholders who suspended their support.

Speckle notice Efinity will go live on March 11, 2022 at the start of Leasing 7 together with the winners of auction rounds 6 to 11.

Building the next generation NFT marketplace

Efinity is a project developed by blockchain game company Enjin as a cross-chain NFT infrastructure to create ecosystem interoperability and encourage users to interact with NFT.

With nearly all of the previous winners of the Polkadot Parachain position involved in DeFi, Efinity believes that “connected blockchains – and indeed the world – need an up-to-date network to share assets”.

The cross-chain network describes itself as the “next generation NFT marketplace”. It uses the Polkadot ecosystem to build a decentralized metaverse that allows users to trade and transfer non-fungible tokens between blockchains.

Polkadot Parachain Auction Winner

Polkadot started its Parachain position auction on 11/11/2021 after years of planning. Parachains are an integral part of the Polkadot structure and represent customer-specific, project-specific blockchains that are integrated into the network.

Since the start of the auction, Polkadot has conducted 6 auction rounds. The winning platforms are Acala, Moonbeam, Astar, Parallel Finance, Clover Finance and, most recently, Efinity.

With an estimated 100 Parachain slots available on Polkadot, winners will be able to connect to the network by renting a slot on Relay Chain for up to 96 weeks with the option to renew.

Meanwhile, the seventh round of Polkadot’s parachain auctions is scheduled for January 7, 2022.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.