Enjin Record-Breaking NFT Migration
Enjin has completed an unprecedented migration of 200 million NFTs from Ethereum to its blockchain, hailed as the largest transfer in NFT history. This monumental shift, featuring contributions from tech giants like Microsoft and numerous creators, signifies a crucial step in enhancing scalability and accessibility in the realm of Web3 gaming.
The swift migration process enables NFT holders to effortlessly claim their assets on the Enjin Blockchain using the Enjin Wallet. A simple ‘Claim’ click initiates this transition, promising several advantages, including network-wide fuel tanks ensuring cost-free transactions across the ecosystem for the next three months.
Transitioning from Ethereum to its dedicated blockchain signifies a significant milestone for Enjin, a platform that has built its foundation on Ethereum for six years. The launch of the Enjin Blockchain in September represented a critical leap forward in achieving scalability and affordability in the Web3 gaming landscape.
Enjin’s future vision revolves around empowering games and applications to establish their blockchains, fostering complete interoperability within the Enjin Blockchain ecosystem. This infrastructure is meticulously designed to facilitate effective scalability in games, addressing the needs of the mass market and surpassing the limitations of traditional blockchain structures.
Enjin Blockchain, a specialized NFT-focused branch of the Polkadot Network, tackles scalability hurdles by offering minimal transaction fees of only $0.005. With an impressive throughput of 5,000 transactions per second and the capacity to mint up to 2,000 NFTs in a single transaction, Enjin sets a new benchmark in NFT usability.