BEnjin Raises $18.9M in Private Token Sale to Build Polkadot Parachain for NFTs

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3 years ago

Blockchain platform Enjin has secured a multimillion-dollar funding raise in a bid to migrate its upcoming public blockchain Efinity to Polkadot.

According to a press release shared with CoinDesk, Enjin has secured $18.9 million in a private token sale led by Crypto.com Capital, DFG Group and Hashed.

Additional support for the raise came from Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance, among others, in what represents continued investor interest in non-fungible tokens (NFTs) as a gateway to mainstream adoption.

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