Enjin came along Efinity created its own blockchain specifically for NFTs. Efinity is based on Polkadot and is intended to serve as the infrastructure for the decentralized, cross-blockchain metaverse. To date, creating NFTs based on Ethereum has faced numerous challenges due to high fees, inflexible smart contracts, and disjointed interoperability. Therefore, the development of NFTs is still limited and it is difficult to make much progress. Efinity aims to solve these problems in the future and is intended to be a core part of the multi-chain NFT ecosystem. The chain’s native token is called EFI and is used to pay for transfers and trade tokens.
JumpNet is a Proof of Authority (PoA) method of the Efinity blockchainwhich enables instant and gasless on-chain transactions. It is essentially a private version of the Ethereum blockchain and is based on the JENJ token. Every NFT created on JumpNet is backed by JENJ. JENJ allows you to create, mint and distribute NFTs. To receive JENJ, users must convert their ENJ to JENJ in their Enjin wallets.
Because JumpNet provides users with valuable tools, there are still transaction limits of 20 transactions per minute, 240 transactions per hour, and 2,880 transactions per day. These limits can be increased by owning the Efinity token on JumpNet (JEFI). All the user needs to do is transfer some EFI to JumpNet, which will not be consumed or locked and can be easily migrated back. For every 100 JEFI held on JumpNet, transaction limits will be gradually relaxed.