{"id":288818,"date":"2021-07-01T21:50:00","date_gmt":"2021-07-01T18:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/enjins-efi-token-sale-nets-20-million-as-nft-aspirations-grow\/"},"modified":"2021-07-01T21:50:00","modified_gmt":"2021-07-01T18:50:00","slug":"enjins-efi-token-sale-nets-20-million-as-nft-aspirations-grow","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/enjins-efi-token-sale-nets-20-million-as-nft-aspirations-grow\/","title":{"rendered":"# Enjin&#8217;s EFI token sale nets $20 million as NFT aspirations grow"},"content":{"rendered":"<p>&#8220;<strong># Enjin&#8217;s EFI token sale nets $20 million as NFT aspirations grow   <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNzUyYTRiMWUtN2FhMS00YzJiLWFhYjMtNGY0ZTdiYWZjNmRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot.\u00a0<\/p>\n<p>A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for the sale, making it oversubscribed by 15 times.<\/p>\n<p>With the sale, Enjin has now raised $38.9 million in support of Efinity, the Polkadot-based blockchain for the NFT industry. Enjin\u2019s first EFI raise netted the blockchain company $18.9 million from investors that included Arrington XRP Capital, BlockTower, DFG Group and others. <\/p>\n<p>Efinity has been designed to support both fungible and nonfungible tokens from any blockchain, including Polkadot and Ethereum (ETH). It boasts of an estimated 1,000 transactions per second, which means it has the potential to solve the cost and speed constraints of existing NFT and Ether-based protocols. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Enjin joins Crypto Climate Accord, goes carbon negative<\/em><\/strong><\/p>\n<p>Maxim Blagov, Enjin\u2019s CEO, described NFTs as \u201cthe future of digital ownership, adding that Efinity is \u201cthe latest entry in our robust ecosystem to carry that future forward.\u201d He further explained:<\/p>\n<p>\u201cAs a scalable, hyper-connected blockchain with next-generation features, Efinity will provide the infrastructure needed to harness NFTs with ease, and allow creators to focus on the creative process.\u201d<\/p>\n<p>The NFT boom in 2021 helped to significantly boost the price of ENJ, Enjin\u2019s native cryptocurrency. The token returned a staggering 1,700% in the first quarter, including an eight-fold return during the month of March. <\/p>\n<p>Since peaking at $4.00 on Apr. 9, the value of ENJ has corrected more than 70%.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/enjin-s-efi-token-sale-nets-20-million-as-nft-aspirations-grow\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Enjin&#8217;s EFI token sale nets $20 million as NFT aspirations grow &#8221; A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot.\u00a0 A total of 40,089 users participated in the token sale, which closed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNzUyYTRiMWUtN2FhMS00YzJiLWFhYjMtNGY0ZTdiYWZjNmRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,78810,95118,75168,117],"class_list":["post-288818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-enjin","tag-nft","tag-polkadot","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=288818"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/288819"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=288818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=288818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=288818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}