Efinity $EFI

Efinity is an innovative blockchain developed by renowned NFT industry pioneer, Enjin. The project is specifically designed for non-fungible tokens (NFTs) with the goal of making them as common and user-friendly as the current smartphone technology. The platform is powered by the deflationary Efinity Token (EFI) and is aimed at creating a widespread future where NFTs can be easily created and shared by mainstream audiences.

What is Efinity?

Efinity is a new form of blockchain that is purposefully built for NFTs. It can be viewed as a token highway designed to facilitate the growth and widespread use of NFTs. The platform is constructed on Polkadot in partnership with Parity Technologies and the Web3 Foundation. This ensures that Efinity is a cross-chain NFT blockchain that is environmentally friendly, scalable and designed to be used by games, apps, businesses and creators.

Features of Efinity

Some of the key features of Efinity include smart contracts, fuel tanks, discrete accounts, instant swaps, and transaction fee delegation. It also offers a NFT launchpad, cross-chain marketplaces, and price discovery. Efinity transactions are confirmed in just 6 seconds and can scale up to 1000 TPS (transactions per second). This is a significant improvement when compared to Ethereum's 15 TPS.

Real-World and Digital Assets

Efinity's revolutionary technology makes it possible for NFTs to be utilized by just about any industry. This has the potential to unlock trillions of dollars in currently illiquid and unique digital and real-world assets.

Efinity Token (EFI)

Efinity Token (EFI) is Efinity's native deflationary token that is used for transaction fees, liquidity, and rewards. It comes with a feature that allows EFI holders to submit and vote on proposals in order to steer the future of the network.

Earning Opportunities with Efinity

Numerous earning opportunities are provided by Efinity. Network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees all yield earnings that can be acquired by staking and infusing Enjin Coin (ENJ). They can also be obtained by trading and discovering NFTs. ENJ