Enjin ends 2021 on a high as its scalable, decentralized, cross-chain NFT infrastructure, Efinity, became the winner of Polkadot’s latest parachain auction for the year.
Thank you to everyone who supported us in our effort to provide #NFT in Polkadot.
To Efinity and beyond! pic.twitter.com/n2ffJEr53C
– Enjin | We hire! (@enjin) December 30, 2021
Over $ 214 million raised
Efinity took sixth place in Parachain after raising nearly 7.7 million DOTs worth over $ 214 million from more than 8,600 stakeholders who blocked their funds in their favor.
Congratulating the project on victory, Polkadot noted that Infinity will go live on March 11, 2022, at the start of Lease Seven, alongside the winners of the next five auctions to be held prior to integration.
Congratulation to @efinityio by winning the sixth Polkadot auction!
Finallyity will be integrated into block # 9 388 800 [roughly March 11,2022] at the start of Lease 7 with the other winners of auctions 6-11. Over 8.6,000 network stakeholders have blocked DOT in favor! pic.twitter.com/vTKqR3XyhX
– Polkadot (@Polkadot) December 30, 2021
Building the next-generation NFT marketplace
Efinity is a project developed by blockchain game company Enjin as a cross-chain NFT infrastructure that creates ecosystem interoperability and incentives for users who engage with NFTs.
With nearly all of the previous DeFi-related Parachain Polkadot slots winners, Efinity believes that “interconnected blockchains – and indeed the world – need an updated network to share digital assets.”
The inter-chain network describes itself as “the next generation NFT market”. It aims to leverage the Polkadot ecosystem to create a decentralized metaverse that will allow users to trade and transfer non-fungible tokens across blockchains.
Polkadot Parachain Slot Winners
Polkadot began its parachain slots auction on November 11, 2021, after years of planning. Parachains are an integral part of the Polkadot structure and represent customized and project-specific blockchains integrated into the network.
Since the start of the auction, Polkadot has held six auctions, with the winners being Acala, Moonbeam, Astar, Parallel Finance, Clover Finance, and most recently Efinity.
With around 100 parachain locations available on Polkadot, winners will be able to connect to the network by renting a location on the relay chain for up to 96 weeks with a review option.
Meanwhile, the seventh Polkadot Parachain Auction is scheduled for January 7, 2022.
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