DFG contributes 200,000 DOT to Efinity crowdfunding

The Polkadot parachain slot auction will officially start on November 11, 2021 as scheduled. Investors from all over the world have participated in the competition to pledge DOT to support what they think is the most promising parachain slot auction in the first round. A successful item in the auction. Not surprisingly, DFG participated in it, and once again contributed its DOTs to support projects invested by its Polkadot Ecological Fund, helping it win one of the ten card slots in the first round of auction.

This time, DFG contributed 200,000 DOT to Efinity's crowdfunding, once again proving its unswerving belief in supporting the Polkadot ecological cooperation project. DFG will do its best to help each cooperation project succeed in this round of slot auction, so that Polkadot, Web3, and the entire blockchain can be fully applied, and at the same time provide the world with Underlying solutions that facilitate paradigm shifts and disruptive ideas.

Efinity is a next-generation digital asset blockchain built on Polkadot, created by the Enjin team, which once created the ERC-1155 NFT standard on Ethereum. Efinity is committed to creating a new ecosystem that is more friendly to NFT developers and users. By cooperating with Polkadot, Efinity will be able to provide an accessible and scalable solution that allows everyone to participate in the emerging NFT economy. Focusing on the end user, Efinity will provide a fun, simple, and accessible user experience for all, becoming the next-generation blockchain specifically designed for NFTs.

Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. Over the next ten years, they developed their first project, Enjin Network, which has more than 20 million players worldwide. In 2017, the team successfully held the ICO of the project's native token ENJ; at the same time, it began to focus on the development and development of NFT. As the world's top blockchain development team, Enjin focuses on creating a complete user-centric NFT ecosystem, allowing anyone to easily develop and trade NFT.

The founder and CEO of DFG, James Wo, shared his views on why he appreciates the solutions provided by Efinity:

"DFG has been conducting research on the NFT track since 2019, and has begun to lay out NFT-related projects in the market from the perspective of investment strategy. At the beginning of 2021, the NFT track has basically completed the pre-preparation, and the market has rapidly fermented. The block chain industry has expanded new markets and created new profit models. However, due to the chaotic ecosystem, poor user experience and technical limitations, there is currently no dedicated block chain for NFT users, and the traditional network has not reached Expected ideas, the way users participate in NFTs has been difficult.

The emergence of Efinity represents a brand-new idea to solve the pain points of this industry. It will establish a scalable cross-chain network to make the creation, use and transaction of NFT easier, faster and more affordable, thereby increasing the value of NFT. Transaction volume and adoption, accelerating the arrival of the global virtual economy. "

Witek Radomski,The co-founder and CTO of Enjin expressed the following views on DFG's crowdfunding support for Efinity and the development plan after Efinity:

"We have been trying to create a new standard for blockchain games non-stop in the past few years. To this end, we have created some top-level project products on Ethereum; now, we are cooperating with Polkadot. Created a project on Efinity that focuses more on users and developers themselves. Our goal is to enable developers to create products with lower barriers to entry for players. We hope that this will enable more mainstream game players to have interest to experience NFT and blockchain games without being restricted by technical barriers.

With the support of the industry's top investment institutions like DFG, we can continue to develop more attractive products wholeheartedly, gradually maximizing the advantages of in-game interoperability, asset ownership and other NFTs, attracting Countless players and developers around the world who have never experienced NFT have joined in. Thanks again to DFG for supporting us, so that Efinity can go one step further towards the final goal. "