JumpNet, an innovative gas-free blockchain created by Enjin, has recorded more than 50 NFT projects launched in its ecosystem just two weeks after it launched. Enjin launched the early access version of the blockchain on April 6. According to developers Enjin, JumpNet is a fast Proof-of-Authority (PoA) blockchain leveraging the distribution and minting of Non-Fungible Tokens (NFT) with zero gas fees charges.
JumpNet Spells Blockchain Technology Prowess
Alongside Enjin’s partners, more than 50 NFT projects have signed up for the JumpNet blockchain project. Major players in the financial industry such as Binance, OKEx, and Microsoft have all acquired the services of the blockchain. Enjin’s VP of Developer Success Simon Kertonegoro gave his remarks on the newly released blockchain, stating that JumpNet has amped up the development pace of the company’s ecosystem. He said,
“Being able to mint and transact freely has unblocked nearly every project, and they’re moving over to JumpNet as fast as possible.”
Mr. Kertonegoro also said that since the company’s NFT interest is growing, the full integration of JumpNet into the NFT space will continue and users will cherish experiencing the blockchain’s prowess.
Offering Eco-friendly NFT Services
According to Enjin’s blog, the startup plans to launch carbon-neutral NFTs via the JumpNet network by 2030. The plan will also include interested investors who may wish to join in the eco-friendly NFT minting. Enjin will join hands with Efinity solutions to find several ways to transition to environmentally friendly tokens.
Moreover, Enjin plans to build JumpNet to rid the Proof-of-Work validation method on the Ethereum network, which consumes high electricity levels. The startup created the ERC-1155 token, which cut off almost 90% of NFT minting gas fees, to solve the electricity consumption issue that miners currently reap from enormously.
During a recent Global Azure event, Microsoft utilized JumpNet to transfer about 7K NFTs through QR codes to reward contributors on the Microsoft Azure Heroes program. The tokens are regarded as Badges for the aid providers to the Microsoft community.
Ludena protocol, Korea’s gaming-based social media company, also launched and issued its first-ever token on the JumpNet network. Ludena plans to fully utilize the blockchain to issue NFTs to its millions of followers across the globe. The CEO of the company Joshua Kim applauded the capabilities of JumpNet, confirming his company tested the eco-friendly NFT life cycle on the blockchain, whose results he termed ‘fastest in Korea.’
Cryptocurrency exchange Kriptomat has partnered with Enjin to reward NFTs to users buying the Enjin coin via JumpNet. After purchasing an Enjin coin on Kriptomat through JumpNet, the user will gain an upgradable NFT whose level grows as they make more purchases. These rewards are usable in video games such as Minecraft.
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