The next generation non-fungible token (NFT) blockchain

By ZT Global | Blockchain views | 27 Oct 2021

Efinity is the next generation non-fungible token (NFT) blockchain developed by Enjin. Enjin pioneered the NFT industry in 2017, created the advanced ERC-1155 NFT standard, and launched the NFT creation platform. Through cooperation with Parity Technologies, Efinity is based on Polkadot technology and is built specifically for NFT. As a cross-chain network, it will support tokens from any blockchain.

Efinity is an environmentally friendly and scalable product designed to create a future where NFT is as popular and easy to use as today’s smartphones. It is designed for game, application, corporate and individual creators, and aims to launch NFT for mainstream audiences.

EFI is Efinity's native token, used for transaction fees, liquidity, rewards and governance.

Technical analysis

From the daily level, EFI has slowly begun to oscillate from a downtrend. At present, it has fallen back under the pressure of the 30-moving average. A single breakthrough will result in a trend reversal. Pay attention to the pressure level of 0.9. After breaking through the pressure, it will step back to near 0.9 and buy low, The first target is 1.17.

Cryptocurrency Bitcoin (BTC) Crypto Blockchain Ethereum (ETH)

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Blockchain views

According to Viewblock data, the number of transfers on the blockchain storage protocol Arweave continued to hit a new all time high on August 14, reaching 111,764 transactions, a 28% increase from the previous historical high of 87,314 transactions on August 11. A sharp increase of more than 100% compared to the 225,400 on-chain transfers last week, setting a weekly record. Today, AR has the highest increase on ZT exchange which is more than 40%, and the value of AR is still undervalued.

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