News Technology Media Telecoms

Battle for NFT blockchains hots up as Enjin attracts 50 projects

nft nonfungible tokens

Today games and NFT platform creator Enjin said that 50 projects had joined its NFT platform since it launched JumpNet two weeks ago. When it comes to NFTs the organization is best known for helping Microsoft with its Microsoft Azure Heroes, which launched well before the current NFT craze.

JumpNet is a Proof of Authority private blockchain which operates as a sidechain bridged to Ethereum. This avoids the high gas costs on Ethereum as well as the environmental stigma of wasted energy. Apart from Microsoft using JumpNet, two major cryptocurrency exchanges Binance and OKEx have also minted NFTs on JumpNet.

“Through close collaboration with Enjin, we succeeded in the carbon-neutral NFT life cycle test on JumpNet, which was the fastest in Korea,” said Joshua Kim, CEO of Ludena Protocol. “Thanks to JumpNet, our NFT roadmap, including Ludena World’s Metaverse and avatar Luna, can now be implemented swiftly without gas fees.” 

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: A-Y-N / BigStock Photo