Enjin’s JumpNet blockchain attracts 50 NFT projects already

JumpNet is an innovative airless blockchain created by Enjin. Two weeks after its launch, it recorded more than 50 NFT projects launched in its ecosystem. Enjin launched an early access version of the blockchain on April 6. JumpNet is aprivate fast proof of authorization blockchain, using the issuance and minting of NFTs with zero gas fees.

Together with Enjin’s partners, more than 50 NFT projects have signed the JumpNet blockchain project. Major players in the financial industry, such as Binance, OKEx, and Microsoft, have all obtained blockchain services. According to the Enjin’s Vice president, JumpNet has accelerated the pace of development of the company’s ecosystem.

As the company’s interest in NFT continues to grow, JumpNet continues to be fully integrated into the NFT space. Mr. Kertonegoro, Enjin’s vice president announced that users willcherish the power of experiencing blockchain.

Eco-friendly NFT Services

The start-up company plans to launch carbon-neutral NFT through the JumpNet network by 2030. It will give chance everyone interested to use environmentally friendly NFT casting technology.

Four validator nodes run JumpNet. These nodes operate under the authorization proof consensus model and Run the Ethereumvirtual machine. It means that NFTs on JumpNet can be minted and transferred without consuming gas. This method consumes high power, and miners can currently benefit from it. Enjinestimates that JumpNet will only consume 0.0002% of the energy required by Ethereum.

As a first step in mitigating environmental impact, Enjin also created the ERC-1155 token standard. It reduces NFT casting gas costs by nearly 90%.

Enjin plans to release an Enfinity blockchain this year

After successfully launching JumpNet, Enjin plans to release Efinity. Enfinity is an NFT-centric decentralized blockchain, with up to 1,000 validator nodes later this year. The release of JumpNet and Efinity increases the price of Enjin’s ENJ token.

ENJ has been one of the best-performing assets in 2021. Transaction prices have risen more than 18 times since the beginning of the year. ENJ has set an all-time high on April 9, at $3.92. Currently, ENJ is trading at $2.57.

In the recent global Azure 2021 event, Microsoft used JumpNetto transfer approximately 7,000 NFTs through Enjin Beam QR codes. It was a part of the Microsoft Azure Heroes program to reward event participants.