NFT market is getting hot lately. And ETH has managed to acquire a lot of small and large companies selling the digital items on it's ecosystem. Nobody thought that Polkadot could be getting it's own NFT marketplace. But that is now possible due to the Enjin, which is making Efinity the new NFT marketplace that makes use of the substrate to launch NFT on Polkadot blockchain. 

What is Efinity?

Efinity is a new marketplace that hosts the NFTs on Polkadot blockchain. Not only that Efinity has been getting the new update with other partners who are plannign to sell the physical goods as an NFT through the marketplace. 

Efinity being Enjin product was meant to target the ETH marketplace and the NFT items. However the way their technology works, they can list any blockchain NFT using their codebase. 

What to Expect from Efinity?

Efinity is a fastest NFT transaction marketplace where you can sell and buy the items in as low as 6 sec. Efinity's current plans does not limit the marketplace to digital items alone. And you can expect any industry to jump into their marketplace. And best part is that per second the marketplace can support from 700 to 1000 transactions at a time. The fees are also meant to be low and benefit the Polkadot governance and the end users wont be charged much from the marketplace. 

That's not all, there is a new partnership happening with the Uniquely where they are getting new support for the NFT listing of Physical goods. 

What to expect from Polkadot Blockchain for NFTs?

Polkadot already has shown the ability to scale various types of DeFis and the financial applications on it's blockchain. Unlike ETH it has been designed to handle more transactions and also it is lot cheaper for NFT marketplace too. 

NFTs and the digital marketplaces making use of the Polkadot blockchain means there are lot of new doors are going to be opened for the e-commerce based projects. I won't be surprised if the current capability of the Polkadot makes it useful candidate for the remittance specific DeFi projects. 

Efinity is a welcome move for NFTs on Polakdot Blockchain. We will see by the year end how much it gets adopted by the NFT users around the world.