The Enjin ecosystem has created a new fund to support projects aimed at developing metaverse and NFT technologies.
Recently, Facebook and Microsoft announced their intentions to create their own versions of metaverses. One of the original masterminds of virtual universes, Efinity, is forming a $100 million Efinity Metaverse Fund to develop the technology.
Enjin is a team of gaming space veterans who were the first to come up with the idea of Metaverse in early 2018. Enjin plans to create an open, free and decentralized metaverse in which everyone can participate.
The Efinity Foundation will accept applications from projects and give them funds to develop a parachain based on Polkadot, cross-solutions, games and NFTs.
Subscribe to ForkNews on Telegram to stay up to date with news from world of cryptocurrency
You May Also Like
AMC and Sony will give Spider-Man NFTs to viewers of the new film
The largest movie theater chain, in collaboration with Sony Pictures, will give away 86,000 NFTs to registered users who pre-order tickets to the new film Spider-Man: Far From Home.
YouTube hints at NFT integration soon
The letter, published by YouTube CEO Susan Wojcicki, hints that the platform could use NFT technology as another earning opportunity for content creators.
