Crypto NewsPolkadot (DOT)

Enjins Efinity won Polkadot’s sixth parachain for $ 214 million

                                                            Enjin schließt 2021 im großen Stil ab, als seine skalierbare, dezentrale und kettenübergreifende NFT-Infrastruktur Efinity als Gewinner der letzten Parachain-Auktion von Polkadot für das Jahr hervorging.

With $ 7.7 million DOT from over 20,000 community members, @efinityio won the 6th @Polkadot Parachain auction! 🎉

Thank you to everyone who has supported us in our quest to bring #NFTs to Polkadot.

To Efinity and beyond!

– Enjin | We are hiring! (@enjin) December 30, 2021

This is what awaits you in this article

Raised over $ 214 million

Efinity won its sixth Parachain slot after collecting nearly 7.7 million DOTs worth over $ 214 million from more than 8,600 stakeholders who had their funds blocked.

Polkadot congratulated the project on winning, noting that Efinity will go live on March 11, 2022, at the start of the seventh lease, along with the winners of the following five auctions, which will take place before onboarding.

Congratulations to @efinityio on winning Polkadot’s sixth auction!

Enfinity is in block # 9,388,800. integrated [roughly March 11,2022] at the start of lease 7 with the other winners from auctions 6-11. Over 8,6,000 network participants have locked up DOT in favor of DOT!

– Polkadot (@Polkadot) December 30, 2021

Building the next generation NFT marketplace

Efinity is a project dated Blockchain-Gaming company Enjin was designed as a cross-chain NFT infrastructure that creates ecosystem interoperability and incentives for users engaging in NFTs.

With almost all previous winners of Polkadots Parachain slots DeFi-Well, Efinity believes that “the interconnected blockchains – and indeed the world – need an updated network for sharing digital assets.”

The cross-chain network describes itself as the “next generation NFT marketplace”. It aims to leverage the Polkadot ecosystem to build a decentralized metaverse that will allow users to exchange and transfer non-fungible tokens across blockchains.

Winner of the Parachain slot from Polkadot

Polkadot started its Parachain slot auction on November 11, 2021 after years of planning. Parachains are an integral part of the Polkadot structure and represent user-defined and project-specific blockchains that are 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 an estimated 100 Parachain slots available on Polkadot, winners will be able to connect to the network by renting a slot on the Relay Chain for up to 96 weeks with the option to review.

Meanwhile, Polkadot’s seventh Parachain auction is scheduled for January 7, 2022.

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Source: Crypto News Deutsch

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