Blockchain company Enjin has just announced the launch of the Efinity Metaverse Fund, a $100 million fund aimed at supporting NFTs game developers in the Efinity ecosystem and accelerating the development of the metaverse.
Enjin launched its Efinity platform on the Polkadot network back in March 2021, after raising $18.9 million in a round involving Crypto.com as well as other investors.
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The firm has noted that following the recent rebranding of Facebook to Meta, many, including Microsoft and Electronic Arts, have announced their plans to integrate NFTs and create their own metaverse.
Enjin's team claims such a structure should be decentralized.
The goal of the fund is to support startups that are driving the development of the Efinity-based metaverse.
According to the statement shared by the company, the fund will invest in projects working to integrate into the Efinity ecosystem with a focus on cross-chain solutions, blockchain games and NFTs.