Ethereum

Enjin Coin

Strong

Atlas

<div class="cryptonews"><p class="is-style-lead">Blockchain developer Enjin has transferred 200 million non-fungible tokens (NFTs) to its own <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> in an effort to boost up the usage of its network.</p><p>In a blog post on Dec. 11, 2023, the Singapore-based company said NFT holders can now claim their assets on the Enjin Blockchain using the updated version of the Enjin crypto wallet. As part of the migration campaign, users are also free of any transactional costs across the ecosystem for the next three months, the announcement says.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> You might also like: </span> OpenSea on back-footing as OKX surpasses it in NFT trading volume </div><p>Oscar Franklin Tan, Atlas chief financial officer, said this was one of the “most complex, unprecedented <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> migrations,” as it involved migration of both fungible and non-fungible tokens from Ethereum, Polkadot and Enjin Blockchain.</p><blockquote class="wp-block-quote"><p>“Enjin’s NFT migration follows and completes its token migration. Strong support from migrating holders secures the new Enjin Blockchain and expands governance.”</p><p>Oscar Franklin Tan</p></blockquote><p>The Enjin team emphasized the migration included assets from thousands of digital creators, including tech giant Microsoft. According to a previous report, Enjin transferred 118 million NFTs hosted on Ethereum, as well as over 100 million NFTs on JumpNet, a sidechain for Ethereum have been transferred to its mainnet called the Enjin Blockchain.</p><p>Enjin Blockchain is a public, decentralized <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>, which was developed by the Enjin team for creators looking for a cheaper way to host their NFTs on a distributed ledger. The network also has its own native token called Enjin Coin (ENJ), which is currently trading at $0.33, according to CoinGecko data.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> Read more: </span> Enjin token soars amid new NFT marketplace expectations </div><span class="google-news-banner__label">Follow Us on Google News</span></div><p>Source: <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/ethereum-gets-the-boot-as-enjin-migrates-200m-nfts-to-its-own-blockchain-tbt73382.html">https://thebittimes.com/ethereum-gets-the-boot-as-enjin-migrates-200m-nfts-to-its-own-blockchain-tbt73382.html</a></p>

Ethereum gets the boot as Enjin migrates 200m NFTs to its own blockchain

TheBitTimes

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