Enjin Is Going to Support NFT Market on Polkadot Blockchain
Enjin, the blockchain game developer, will support the NFT market on Polkadot blockchain. This new blockchain called Efinity will be able to proceed 700-1,000 transactions per second. This is way faster than Ethereum which can proceed only 15 transactions per second.
The new blockchain will have their own Paratokens that can be used to vote, pay fees and support the liquidity. The first Paratoken will be called Efinity Token (EFI). The network is expected to be launched this year.
Polkadot is doing well on top of the NFT hype with their interactive game Polkamon. One of the NFT characters created by them costs almost $20,000. Their native token grows, adding 10% in value.