- Enjin has migrated over 200 million NFTs to its custom blockchain, representing the largest NFT migration in history
- Enjin’s new blockchain is tailored specifically for NFTs, with features like reduced gas fees, higher throughput, and native royalty enforcement
- By building a blockchain optimized for NFTs, Enjin aims to solve scalability issues holding back mainstream adoption and lead the next wave of NFT innovation
Enjin is a leading platform for NFT creation and management. The company has long recognized the limitations of building on top of existing blockchains like Ethereum. Transaction fees, speed, and scalability challenges have made it difficult for NFTs to achieve mainstream adoption.
To overcome these obstacles, Enjin embarked on an ambitious journey to build its own blockchain tailored specifically for NFTs. After years of development, Enjin has now completed the migration of over 200 million NFTs onto its new chain.
The Largest NFT Migration In History
In total, Enjin migrated over 118 million NFTs from Ethereum and 101 million more from its Ethereum sidechain JumpNet. This represents the largest NFT migration in history.
Moving this many assets at once was an unprecedented technical challenge. But Enjin’s team managed to smoothly transition its entire NFT ecosystem to a new home.
The migration exemplifies the Enjin community’s dedication to progress and mass adoption. By starting from scratch, Enjin can create the ideal environment for NFTs to thrive.
Built For NFTs From The Ground Up
Enjin’s blockchain includes many custom features to power the next generation of NFT experiences. For example, the blockchain natively enforces royalties, ensuring creators get paid when their NFTs are sold.
Gas fees are also greatly reduced, thanks to an innovative system called Fuel Tanks. For the first 3 months, Enjin will even cover gas costs for users across its ecosystem.
With transaction fees of just $0.0005 each, the blockchain can handle 5,000 transactions per second. And it can mint up to 2,000 NFTs in a single transaction. This level of throughput is orders of magnitude beyond what’s possible on Ethereum today.
By tackling scalability at the base layer, Enjin solves one of the biggest roadblocks to mainstream NFT adoption. The company is poised to enable the next wave of NFT innovation for gaming and beyond.
Enjin’s massive NFT migration to its custom blockchain marks a milestone in the evolution of NFTs. With a chain purpose-built for digital collectibles, Enjin can realize its vision of a vibrant NFT ecosystem with millions of users.
Other platforms are now following Enjin’s lead by launching specialized NFT chains. But as an early pioneer, Enjin enjoys a huge head start. Its new blockchain sets the standard for the ideal NFT experience.