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Enjin’s Major Move: 200 Million NFTs Migrate from Ethereum to Enjin Blockchain

Enjin, headquartered in Singapore, announced a substantial shift on Dec. 11, 2023, offering NFT holders the opportunity to claim their assets on the Enjin Blockchain. The company’s updated crypto wallet facilitates this migration, ensuring seamless transition without transactional costs across their ecosystem for the next three months.

Described by Oscar Franklin Tan, Atlas’s CFO, as one of the most intricate blockchain migrations, this move involved transferring both fungible and non-fungible tokens from Ethereum, Polkadot, and Enjin Blockchain. The success of this migration, supported by holders, not only bolsters the new Enjin Blockchain but also expands its governance.

This migration encompassed assets from various digital creators, including industry heavyweight Microsoft. Reports indicate that Enjin moved 118 million NFTs from Ethereum and over 100 million from JumpNet (an Ethereum sidechain) to its mainnet, the Enjin Blockchain.

The Enjin Blockchain represents a public and decentralized network developed to offer creators a more cost-effective hosting solution for their NFTs on a distributed ledger. Integral to this ecosystem is the native token, Enjin Coin (ENJ), presently trading at $0.33 as per CoinGecko data.

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