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Altcoin investors have shown great interest in Enjin’s new altcoin project, which provides blockchain-based gaming products. Blockchain platform Enjin said it has sold $20 million worth of EFI tokens through a public sale on CoinList. At the event held on June 24, Enjin announced that in just two and a half hours, the tokens were sold to 40,089 participants.

$20 million altcoin sold in Saadollarser

At the sale event held on June 24, EFI tokens were sold out in two and a half hours. 40,089 attendees took part in this sales event. EFI is the native token of Efinity, a Polkadot-based parachain focused on non-fungible tokens (NFT).

Despite the recent decline in the crypto market, the sale shows continued interest in buying new tokens early. The Efinity blockchain platform supports NFTs on any blockchain, including Polkadot, Kusama, Ethereum, Enjin’s JumpNet, and more.

“NFTs are the future of digital ownership,” said Maxim Blagov, CEO of Enjin. “Efinity will provide the infrastructure needed to use NFTs with ease and allow creators to focus on the creative process.” Previously, the CoinList sale was held for the MINA token. In this event, which took place in May, $ 19 million tokens were sold. Also on CoinList, social token platform Rally sold $22 million worth of RLY tokens in April.

Enjin and Polkadot partnership: Efinity

Cryptocoin. com, Enjin announced on March 31, 2021 that it has partnered with Polkadot to develop a blockchain for NFTs. The project is built on Polkadot’s decentralized application network. An investment of $18.9 million was raised for this project, called Efinity.

Crypto among investors. com Capital, DFG Group, Hashed, Hypersphere, BlockTower, Blockchain. com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, and DeFi Alliance. The Efinity blockchain expects to process transactions every six seconds and will use proof-of-stake (PoS) to scale to 1,000 transactions per second. At the time of writing, Enjin (ENJ) is trading at $1.07, down 4.84 percent.

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