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Enjin Sells $20M of New EFI Token in CoinList Sale
EFI is the native token of Efinity, a Polkadot-based parachain with a focus on non-fungible tokens.
Blockchain platform Enjin said it sold $20 million in EFI tokens through a public sale on CoinList.
STORY CONTINUES BELOW
- Held on June 24, Enjin said there were 40,089 participants in the sale who purchased the EFI tokens in just two and a half hours.
- EFI is the native token of Efinity, a Polkadot-based parachain with a focus on non-fungible tokens (NFTs).
- Despite a recent dip in the crypto market, the sale indicates continued interest in getting in early on new tokens.
- The Efinity blockchain platform supports NFTs from any blockchain, including Polkadot, Kusama, Ethereum, Enjin’s JumpNet and more.
- “NFTs are the future of digital ownership,” said Enjin CEO Maxim Blagov. “Efinity will provide the infrastructure needed to harness NFTs with ease, and allow creators to focus on the creative process.”
- A CoinList sale for the MINA token generated nearly $19 million in May.
- Social token platform Rally used CoinList to sell $22 million in RLY tokens in April.
Read more: Enjin Raises $18.9M in Private Token Sale to Build Polkadot Parachain for NFTs
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
