Enjin Migrates Over 200M NFTs to its Blockchain from Ethereum

Enjin Blockchain Migrates Over 200 Million NFTs

Nonfungible token (NFT) platform Enjin has recently migrated over 200 million NFTs from Ethereum and a sidechain to its own Enjin Blockchain. The transition includes over 118 million NFTs hosted on Ethereum, as well as over 101 million NFTs hosted in an Ethereum sidechain called JumpNet.

In June, the crypto platform announced the launch of its own blockchain. Enjin stated that the new network embedded NFT-focused features such as NFT transfers and royalty enforcement into the blockchain’s foundational code.

As a result of the migration, users will experience a variety of changes, including built-in royalties and a new feature called “Fuel Tanks,” which allows developers to subsidize gas fees for users. According to the announcement, the platform will offer free transactions across its ecosystem for three months using this feature.

Web 3.0 and the Future of Blockchain Gaming

On Dec. 6, industry leaders in the gaming space discussed the potential of Web 3.0 and what could drive adoption of the technology within the gaming sector. Bartosz Skwarczek, founder and CEO of G2A Capital Group, told Cointelegraph that better accessibility and user interfaces would help draw in a larger gaming audience to Web 3.0.

Rene Stefancic, chief operating officer of Atlas Development Services, a major contributor to the Enjin Blockchain, echoed this sentiment, suggesting that the transition to Web 3.0 could open up the global gaming market of three billion people. Oscar Franklin Tan, the CFO of Atlas, then discussed the process of migrating over 200 million NFTs from Ethereum to the Enjin Blockchain, which would avoid “incredible amount of gas fees.” Tan noted that users can claim these NFTs without having to pay for gas, but the original NFTs will still exist on the previous networks. He added: “Creators have to ask holders not to trade them and consider the Enjin Blockchain versions the official versions.”