Enjin raises nearly $19 million to build Polkadot-based blockchain for NFTs

From theblockcrypto.com

Blockchain development firm Enjin has raised $18.9 million to build a Polkadot-based blockchain network, especially for non-fungible tokens (NFTs). The network, dubbed Efinity, will have its own token called Efinity Token (EFI), Enjin CTO Witek Radomski told The Block. And the funding has been secured via selling EFT tokens, said Radomski. Crypto.com Capital, DFG Group, and Hashed Ventures led the funding round, with participation from BlockTower, Blockchain.com Ventures, Fenbushi Capital, Arrington XRP Capital, and several others. Enjin is not new to the NFT space. It created the ERC-1155 standard for NFTs in 2017, ... (full story)