Enjin will bring NFTs to South Korea's GameTalkTalk.
Enjin will bring NFTs to South Korea's GameTalkTalk.
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Enjin raises $18.9M to launch NFT blockchain on Polkadot

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Enjin raised $18.9 million to launch its first dedicated nonfungible token (NFT) blockchain on the Polkadot network. The move will help establish better commerce for NFT-based games and other applications.

Enjin, the creator of the ERC-1155 nonfungible token (NFT) standard, sold out its $18.9 million private sale for Efinity, a next-generation NFT blockchain made for games, apps, enterprises, and creators, built on Polkadot. Blockchain is the transparent and secure digital ledger behind cryptocurrenices such as Bitcoin. With NFTs, Enjin enables creators to mint one-of-a-kind digital items that can be authenticated on the blockchain.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.