Enjin Launches Two NFT Scaling Solutions

Enjin, the blockchain software company that co-created the ERC-1155 token standard, will be launching two scaling solutions intended to remove gas fees and provide cross-chain support for NFTs.

JumpNet will be a “high-speed bridge network” that allows users to mint, distribute, and trade ERC-1155 NFTs (and ERC-20 tokens) without any gas cost or transaction fees. It is set to launch in April. 

The second solution, Efinity Network, will be a “decentralized multi-chain highway powered by a custom blockchain” built to support standard tokens and NFTs from any other blockchain, along with any other wallet, marketplace, or exchange. NFT creators will be able to move their NFTs from other blockchains onto Efinity Network in order to reduce fees.  Efinity Network is intended to launch later this year, though a date has not yet been announced.

✊ Head to THEDEFIANT.IO for the best in DeFi news ?

Get smarter on DeFi and Web3

Get the 5-minute free newsletter keeping 60K+ crypto innovators in the loop.

No spam. Unsubscribe anytime.

Trending Now

CelsiusWithdrawalsPaused
Celsius Defies Fear of Implosion as Token Soars 218%
MarketsPump
Crypto Markets Sustain Rally After Monster Rate Hike
UniswapLPFeesPassETH
Uniswap Tops Ethereum in Terms of Daily Fees

Recent Jobs