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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Trump’s controversial memecoin dinner elicited mixed responses from attendees

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

  • Gaming
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    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

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    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    The Biggest Games Releasing in June 2025

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    The Biggest Shutdowns So Far in 2025

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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

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  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

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  • Analysis
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200 Million NFTs Shift from Ethereum to Enjin Blockchain

December 12, 2023
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200 Million NFTs Shift from Ethereum to Enjin Blockchain
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Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

Enjin has managed to transfer over 200 million NFTs from Ethereum and its sidechain JumpNet to the Enjin Blockchain. The transferred volume includes more than 118 million Ethereum-hosted and over 101 million JumpNet-hosted NFTs.

New Features Added With Migration

In a move announced this June, Enjin launched its own blockchain, designed explicitly for functions related to NFTs, such as transfers and royalty allocation. 

The transition to Enjin Blockchain introduces several new features like built-in royalties and “Fuel Tanks.” With “Fuel Tanks,” developers have the option to offset gas fees for their users, potentially reducing the cost of transacting in the ecosystem. Enjin is also planning on facilitating free transactions within its ecosystem over a span of three months.

Strategy for Efficient Migration

For this large-scale migration, Atlas Development Services, a significant contributor to the Enjin Blockchain, employed a unique strategy to avoid hefty gas fees. Instead of removing Ethereum NFTs and minting new ones on the Enjin Blockchain, a snapshot was utilized. This method provides users an avenue to claim their NFTs on the new blockchain.

Users can lay claim to their NFTs on the Enjin Blockchain by signing with their Ethereum wallets, eliminating associated gas fees. This system implies that the original NFTs stay on the Ethereum networks. However, holders are advised to view the NFTs on the Enjin Blockchain as the official ones, marking a noteworthy step in the NFT space.

See also  Binance Introduces Moonbix Telegram Game for Airdrop & Crypto Earnings

Enjin’s Strategic Leap

Enjin’s successful migration of over 200 million NFTs from Ethereum to its own blockchain represents a significant milestone in the evolving landscape of digital assets. By introducing innovative solutions like built-in royalties and “Fuel Tanks,” Enjin is not only enhancing the user experience but also setting a new standard for NFT transactions and management. 

The strategic approach to migration, spearheaded by Atlas Development Services, showcases a forward-thinking method to overcome the challenges of high gas fees, a common barrier in the blockchain world. 

This move, coupled with the potential for broader adoption of blockchain in the gaming industry as highlighted by industry experts, positions Enjin at the forefront of NFT innovation. 

Tags: BlockchainEnjinEthereummillionNFTsshift

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