Enjin raises about $19 million to build Polkadot-based blockchain for NFTs

Blockchain development firm Enjin has raised $18.9 million to build a Polkadot-based blockchain network, especially for non-fungible tokens (NFTs).

The network, dubbed Efinity, will have its own token called Efinity Token (EFI), Enjin CTO Witek Radomski told The Block. And the funding has been secured via selling EFT tokens, said Radomski.

Crypto.com Capital, DFG Group, and Hashed Ventures led the funding round, with participation from BlockTower, Blockchain.com Ventures, Fenbushi Capital, Arrington XRP Capital, and several others.

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