Enjin (ENJ) launches $100m fund to support the Metaverse

2021-11-5 13:43

The Metaverse is now everywhere, and blockchain networks are rushing to find a space in this rapidly growing sector. Facebook and Microsoft are among the tech giants that have ventured into the Metaverse, and now everyone seems to be flocking into this space.

Enjin (ENJ/USD), one of the sector’s reputable blockchain gaming platforms, has announced the launch of a $100 million fund on November 4. The goals of the fund dubbed “Efinity Metaverse Fund” will be to support partners in the Enjin ecosystem and boost the development of the Metaverse.

Enjin Metaverse fund

The blog post by Enjin stated that the new fund would offer support to Metaverse projects launching on Efinity. Efinity is a blockchain network that supports non-fungible tokens created by the Enjin blockchain in partnership with Polkadot (DOT/USD).

The blog post adds that this new fund will seek to support parties in the Enjin and Efinity platforms and help them work on a wide range of initiatives. One of the objectives of this blockchain is to bring Efinity, the Enjin wallet and the entire Enjin ecosystem under one platform.

The fund will also support NFT projects launching on Efinity and Polkadot networks by giving them access to asses that can be used across different projects and blockchains.

“We’ll support gaming projects on all platforms, as well as projects in adjacent spaces like mixed reality (AR/VR), esports, immersive entertainment, virtual events and similar,” the post adds.

Enjin has a great presence in the gaming sector. It also offers access to other offerings in the blockchain and technological spaces, including Web3.0, digital art, collectables, tokenized DApps and cloud applications. All these will be supported by the $100 million fund.

Attention is now on the Metaverse

The Metaverse is now the talk of the town. However, this concept has been around for years, with platforms such as Decentraland enabling users to have a piece of the virtual world. However, it is this year that the Metaverse has enjoyed major gains.

Tech giants are now looking for a way to boost efficiency through the Metaverse. Facebook recently announced plans to rebrand into Meta. Microsoft is also working on exploring the Metaverse.

The post Enjin (ENJ) launches $100m fund to support the Metaverse appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Metaverse ETP (ETP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0117667
Капитализация $0 Rank 99999
Цена в час новости $ 0.1366 (-100%)

metaverse space giants tech among facebook microsoft

Источник: invezz.com

metaverse space → Результатов: 17


Building Web 3 for Everyone — Marginalized Communities Are Defining Their Space in the Metaverse

Cryptocurrency, and bitcoin specifically, is often aligned to financial freedom and independence. It has also become a space for marginalized communities to participate and empower themselves. The post Building Web 3 for Everyone — Marginalized Communities Are Defining Their Space in the Metaverse appeared first on BeInCrypto.

2021-10-27 18:00


Play To Earn & The New Leisure Economy – What are the Options?

In recent times, those in the DeFi and metaverse space have encountered yet another way in which ordinary people can earn considerable amounts of money on the blockchain. Coming in the form of play-to-earn communities, platforms such as Yield Guild Games (YGG) and UniX are early adopters of ecosystems that provide gamers in developing countries with these financial opportunities.

2021-9-28 09:26


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

The top gaming crypto projects for 2023. Here are the 13 best gaming coins to buy in 2023

Gaming is a huge and established industry that is continuing to grow aggressively despite already exceeding the value of both movies and music combined. With the nascent GameFi sector forecast to grow ten times faster than traditional gaming, it’s clear to all savvy investors that gaming crypto projects are a huge opportunity for investors looking […] The post The top gaming crypto projects for 2023.

Enjin affiliate Enjinstarter listed on Gate.io

Enjinstarter, an innovative new IDO launchpad for blockchain gaming and metaverse projects, has been listed on Gate. io, one of the best digital currency trading platforms in the world, it emerged from a press release.

NFT network Enjin grows Efinity platform with 70+ partners amidst Polkadot parachain bid

Enjin, a decentralized platform for non-fungible tokens (NFTs), today announced over 70 ecosystem partners have committed to building the decentralized Metaverse on Efinity, a decentralized, self-governed, and self-sustaining blockchain for NFTs, featuring full interoperability with other networks via the Polkadot Paratoken standard being developed by Enjin as part of the Efinity stack.

Ценовой анализ Enjin Coin: настал подходящий момент для покупки

Токен ENJ откатился примерно на 20% после того, как натолкнулся на сопротивление около отметки $3,5, что впоследствии привело к формированию нисходящего канала. Однако вероятность того, что нисходящий канал принесёт бычий прорыв, повышается, поскольку технические индикаторы принимают бычью окраску.