02/07/2021 Enjin's EFI token sale nets $20 million as NFT aspirations grow

EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours.

EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours. 

A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot. 

A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for the sale, making it oversubscribed by 15 times.

With the sale, Enjin has now raised $38.9 million in support of Efinity, the Polkadot-based blockchain for the NFT industry. Enjin’s first EFI raise netted the blockchain company $18.9 million from investors that included Arrington XRP Capital, BlockTower, DFG Group and others. 

Efinity has been designed to support both fungible and nonfungible tokens from any blockchain, including Polkadot and Ethereum (ETH). It boasts of an estimated 1,000 transactions per second, which means it has the potential to solve the cost and speed constraints of existing NFT and Ether-based protocols. 

Maxim Blagov, Enjin’s CEO, described NFTs as “the future of digital ownership, adding that Efinity is “the latest entry in our robust ecosystem to carry that future forward.” He further explained:

“As a scalable, hyper-connected blockchain with next-generation features, Efinity will provide the infrastructure needed to harness NFTs with ease, and allow creators to focus on the creative process.”

The NFT boom in 2021 helped to significantly boost the price of ENJ, Enjin’s native cryptocurrency. The token returned a staggering 1,700% in the first quarter, including an eight-fold return during the month of March. 

Since peaking at $4.00 on Apr. 9, the value of ENJ has corrected more than 70%. 

 
Arts

https://cointelegraph.com/news/enjin-s-efi-token-sale-nets-20-million-as-nft-aspirations-grow

Interesting NFTs
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html
Cockerel and chick
Katsushika Hokusai (1760-1849) Cockerel and chick late 1810s - Japan
Virtual Skies VIII
Series of minimal landscapes that venture into the virtual abstraction. Honoring the beauty of glitched/pixelated skies.........
CryptoKitties
Hi-ya! I'm Kitty #450001. I believe the world is flat. I like to listen to Beyoncé while grooming. Don't judge me. We're so fur-tunate to have found each other!
Not Forgotten, But Gone
Not Forgotten, But Gone by WhIsBe