The next generation non-fungible token (NFT) blockchain

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.