Digital Finance Group (DFG), an international crypto investment firm, has actually assigned 200,000 DOT to Efinity’s crowdloan.
The allotment, worth over $7 million at press time, is the 2nd time DFG bought a job contending for a Polkadot parachain—previously this month, the business contributed 500,000 DOT to Acala.
DFG looking to purchase as numerous parachain competitors as possible
As the launch of Polkadot parachains gets closer, the race to protect the desirable two-year slot is getting hotter and hotter. Acala and Moonbeam both saw extremely oversubscribed crowdloans and the race for the staying slots is bound to be even tighter.
DFG, among the leading cryptocurrency investment companies in the market, has actually assigned 200,000 DOT to the Efinity crowdloan, continuing its investment in the Polkadot environment. Efinity is a next-generation blockchain platform established by the Enjin group, which originated the NFT ERC-1155 requirement on Ethereum. The platform desires to develop a brand-new designer and easy to use experience on Polkadot, targeted at supporting the emerging NFT economy.
We assistance 200K $DOT to @efinityio crowdloan! I am really impressed by what @enjin @efinityio group have actually accomplished and will attempt my finest to support them! $DOT $EFI $ENJ 🚀🚀 https://t.co/fokHYu5tA9
— James Wo (@realjameswo) November 26, 2021
James Wo, the creator and CEO of DFG, stated that the business has actually been checking out the NFT sector given that 2019 when it chose to include it in its investment method. However, an absence of a designated blockchain for NFTs discouraged the business from engaging with the innovation till they came across Efinity.
“The presence of Efinity shows us a fresh mindset of solving this sore point within the industry. It will build a scalable cross-chain network that allows the establishment, use, and transaction of NFTs to become easier, faster, and more affordable so that the trading volume and adoption of NFTs can be significantly improved,” he stated in the business’s statement.
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