Enjin’s Efinity NFT cross-chain officially closed a partnership deal with IKONIC. This dedicated NFT parachain is expected to bring several cutting-edge features to this marketplace, including the enjin wallet, NFT creation, management tools, and more. As their visions for the NFT market align, the partnership will push IKONIC several steps toward its goal.
The growth of the NFT market after the crypto boom has been impressive, with hundreds of new NFT-based games and other projects springing up every day. However, the reasons for the growth are also why the area is becoming competitive like never before. So, the scattered projects are forming partnerships and integrations with other projects and developers to get access to exclusive tools and technologies.
IKONIC, the first-ever NFT marketplace for eSports, has entered the Efinity cross-chain to enhance NFT minting. Efinity is a parachain dedicated to the NFT market built by Enjin on Polkadot. This initiative brings a scalable, cross-chain, and eco-friendly solution for NFT projects across networks to mint and manage NFTs.
This new integration with Efinity will be an efficient makeover for IKONIC with gilt-edged features and tools developed specifically for NFTs. Moreover, Enjin has become the industry standard for NFT minting and management in recent times through intense work put toward this platform. The parachain will also have its native token called EFI, used in transactions and for taking governance decisions.
According to CTO Alex Binesh from IKONIC, Efinity is the first-ever parachain dedicated entirely to NFTs. By giving access to the chain’s wallet, IKONIC users will have access to a suite of tools and features on the chain. Through EFI tokens, it will allow for NFT creation, minting, and management within the parachain.
Not Only that, Enjin offers a decentralized infrastructure that is suitable for open metaverse projects. Given IKONIC’s visions for the eSports metaverse, this will help put them far ahead in their roadmap.
The product ecosystem was designed to support the integration of games and NFTs. As IKONIC is planning to introduce various indie games to the NFT market, the technologies provided by Enjin would be of great help in incubating them.
IKONIC has already taken the vantage point in the eSports industry by being the earliest adopter of the NFT technology. The platform already brings several cutting-edge NFT tools and video editing software to help users own their moments. Now, as IKONIC CEO Sebastian Diaconu believes, this integration will expand their business by enabling cross-chain NFT access for the games.
Enjin enjoys popularity in the NFT market thanks to its suite of NFT tools and a scalable, affordable, and accessible platform. This NFT ecosystem has also received endorsements from big names like Microsoft. The Efinity parachain, on the other hand, was launched on Polkadot in March 2022 and is integrated using GraphQl, API, and C/C++ SDK.