Web3 Gaming Leader Enjin Announces Major Move: Proprietary Layer 1 Blockchain Launch and Dual-Token Merger Upgrade

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Leading blockchain gaming infrastructure provider Enjin has announced a significant strategic upgrade. According to official sources, its independently developed Layer 1 public chain, Enjin Blockchain, will officially launch its mainnet at 11:00 UTC on September 13, 2023.The upgrade involves a dual-token migration and merger: the original ERC-20 standard Enjin Coin (ENJ) will be migrated on a 1:1 basis to the new Enjin ecosystem built on the Substrate framework. At the same time, Efinity (EFI) tokens will be swapped for ENJ at a 4:1 ratio.This strategic upgrade marks an important milestone for Enjin in the Web3 gaming infrastructure space and demonstrates its commitment to building a self-sovereign, high-performance blockchain ecosystem. By integrating its token economic model, Enjin aims to provide game developers and users with a superior blockchain gaming development and operational environment.

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1.81B ENJ
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