- Enjin finished the year on a brilliant note e
- His DeFi project for NFT won the last Polkadot parachain auction
- It will appear in the ecosystem already in March
Polkadot have decided on the winner of the sixth parachain auction – it was Efinity from Enjin. The project raised almost 7.7 million DOT (at the current exchange rate, this is over $ 220 mln). And in total, more than 20140 users.
On Twitter, Polkadot congratulated the project and added that Efinity will be on the market 12 March 2022 together with the winners of the previous five auctions.
What is Efinity?
Enjin has developed a startup to integrate different NFT infrastructure blockchains. It will be a decentralized ecosystem in which NFT owners and buyers will be able to conduct fast and secure transactions. The network calls itself the “Next Generation NFT Marketplace”. They plan to create a decentralized metaverse based on Polkadot that handles transactions between different blockchains.
Polkadot parachain auctions
After years of planning, Polkadot is finally launching parachain auctions – the first time this happened last November. Parachains will become an integral part of this ecosystem. In fact, these are specific and non-standard projects that expand the capabilities of the network.
To date, Polkadot has six winners – Acala, Moonbeam, Astar, Parallel Finance, Clover Finance and Efinity.