Enjin Migrates Over 200 Million NFTs to Its Own Blockchain
Enjin, a nonfungible token (NFT) platform, has successfully migrated more than 200 million NFTs from Ethereum and an Ethereum sidechain to its own Enjin Blockchain. This move allows Enjin to embed NFT-focused features directly into its blockchain’s foundational code.
Key Changes and Features
As a result of the migration, users will experience several changes. One major change is the introduction of built-in royalties, which ensures creators receive a percentage of sales each time their NFT is sold. Additionally, Enjin has introduced “Fuel Tanks,” a feature that allows developers to subsidize gas fees for users, providing free transactions across the Enjin ecosystem for three months.
Potential Benefits
By migrating to its own blockchain, Enjin aims to tap into the global gamer market and expand the reach of Web3 technology. This move opens up opportunities for innovation and growth within the NFT space.
The Migration Process
To migrate the NFTs without incurring high gas fees, Enjin took a snapshot of the Ethereum-based NFTs and allowed users to claim their Enjin Blockchain versions by signing with their Ethereum wallet. However, it’s important for creators to inform holders that the Enjin Blockchain versions are now considered the official versions.
Hot Take: Unlocking Potential Through Migration
The migration of over 200 million NFTs from Ethereum and an Ethereum sidechain to Enjin’s own blockchain represents a significant step forward for the platform. With enhanced features and reduced transaction costs, Enjin aims to provide a seamless experience for users while tapping into new markets. This migration demonstrates Enjin’s commitment to innovation and its vision for the future of NFTs.
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