Polkadot's fifth parachain slot auction has officially started on December 9, 2021. Investors from all over the world have participated in the competition to pledge DOT to support the slot auction they think is the most promising successful projects. As a firm supporter of the Polkadot ecology, DFG participated in it unsurprisingly, and once again contributed its DOTs to support the projects invested by its Polkadot Ecological Fund.
This time, DFG, as the leading investor of Efinity, contributed another 300,000 DOT to its participation in the Polkadot parachain card slot auction crowdfunding activity. In addition to the 200,000 DOTs that supported Efinity in the previous crowd lending activities, DFG has contributed a total of 500,000 DOTs to Efinity, proving its unswerving belief in supporting the Polkadot ecological cooperation project with practical actions; it also reflects DFG When formulating investment strategies, choose the confidence to deeply participate in the metaverse track.
Efinity is a next-generation digital asset blockchain built on Polkadot, created by the Enjin team, which created the ERC-1155 NFT standard on Ethereum. Efinity is committed to creating a new ecosystem that is more friendly to NFT developers and users. By cooperating with Polkadot, Efinity will be able to provide an accessible and scalable solution that allows everyone to participate in the emerging NFT economy. With the end user at the center, Efinity will provide a fun, simple, and accessible user experience for all, becoming the next-generation blockchain specifically designed for NFTs.
Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. Over the next decade or so, they developed their first project, the Enjin Network, which has more than 20 million players worldwide. In 2017, the team successfully held the ICO of the project's native token ENJ; at the same time, it began to focus on the development and development of NFT. As the world's top blockchain development team, Enjin focuses on creating a complete user-centric NFT ecosystem, allowing anyone to easily develop and trade NFT.
The founder and CEO of DFG, James Wo, shared his views on why he has continuously provided financial support for Efinity to participate in this card slot auction and why he appreciates the solution provided by Efinity:
"DFG has keenly captured the signal of the outbreak of the NFT track in 2021 at the end of 2020, and has begun to lay out NFT-related projects in the market from the perspective of investment strategy. With the rapid fermentation of the NFT market, the blockchain The industry has opened up a new investment field - the metaverse, and thus further builds a bridge between the real world and the blockchain. Even the traditional Internet giant Facebook has felt the new wave that the metaverse is about to set off. The brand name of Facebook for several years was changed to Meta, which was taken from Metaverse. The behavior of reshaping the brand directly expresses the support for the development of Metaverse in the future and the determination to participate in the development of Metaverse. This is different from DFG’s investment strategy. Coincidentally.
However, the current NFT and Metaverse are still in a relatively early stage. Due to the chaotic ecosystem, poor user experience and technical limitations, complete interoperability between various blockchains cannot be achieved. From the perspective of the industry as a whole, there is currently no dedicated blockchain for NFT users, and the traditional network has not met expectations. It has always been difficult for users to participate in NFT.
The emergence of Efinity represents a brand-new idea to solve the pain points of this industry. It will establish a scalable cross-chain network to make the creation, use and transaction of NFT easier, faster and more affordable, thereby improving the value of NFT. Transaction volume and adoption, accelerating the arrival of the global virtual economy.
Adhering to the firm belief in the Polkadot ecology and metaverse, DFG will do its best to help DFG invest in various cooperation projects to succeed in the card slot auction; All the support Efinity needs in the Second Polkadot Parachain Slot Auction. "
