Enjin JumpNet is live but with problems, now you can do fee-free NFT transactions!
Information taken from my other articles published on publish0x.com:
- https://www.publish0x.com/nfts-with-enjin/we-are-just-hours-away-from-the-launch-of-jumpnet-xrymzqk
- https://www.publish0x.com/nfts-with-enjin/enjin-jumpnet-is-live-but-with-problems-now-you-can-do-fee-f-xwqdjoz
ENJIN Announcements:
Enjin, the blockchain-based video game platform, has announced the launch of a high-speed bridging network so that creators can distribute NFTs en masse and at no cost.
It is not a secret for anyone the high GAS fees that must be paid to mint an NFT to the blockchain. For this problem that has motivated some DeFi projects to migrate to other cryptocurrencies, Enjin has proposed a network called JumpNet, which will be launched tomorrow.
The JumpNet project of the utility cryptocurrency Enjin is already active according to an announcement that they made today through their social networks offering an image with a QR code which you can scan to start in the new era of NFTs, according to what they promise.
Despite this launch, many of the people who have tried to connect through their Enjin Wallet have reported that they have tried many times and apparently the network is crashed.
In my experience, I tried to connect and retry several times without success.
Enjin's official website reads verbatim: "Enjin is evolving towards a multi-chain ecosystem for NFTs", "Free Ethereum Scaling Forever" and "Instant, secure and gas-free transactions on Enjin Coin and ERC-1155 tokens".
JumpNet will allow a wide range of actions to be completed with zero gas or transaction fees. Thus, users will be able to send and receive Enjin Coin (ENJ) and ERC-1155 tokens through Enjin Wallet.
It is important to remember that the ENJ token was approved last January by the Japan Crypto and Virtual Asset Exchange Association (JVCEA). The go-ahead from the Japanese regulator made ENJ the first authorized gaming token for use in Japan.
The solutions provided, Enjin says, will allow developers to reach mainstream users without having to worry about Ethereum gas fees.
Enjin has also announced an expanded scope for the upcoming Efinity Network, a multi-chain decentralized highway that will support fungible and non-fungible tokens from any other chain. Efinity is designed to be an open platform and can be used by any wallet, marketplace or exchange to adopt all blockchains.
Despite this drawback, the people who follow the project are very excited due to the high GAS fees that are paid to coin an NFT in the Etherum network. This project represents a true revolution for creators of digital art and the new trend of cryptoarts.
You can get more information on the official website https://enjin.io/ where you can download the wallet, which is available on google play and the app store. You can also follow the project https://nft.io/
