Enjin Migrates Over 200 Million NFTs to Its Blockchain, Offering Royalties and Fee Subsidies
• Enjin migrated over 200 million NFTs from Ethereum and a sidechain to its own blockchain • Over 118 million NFTs were hosted on Ethereum, over 101 million were on Ethereum sidechain JumpNet • Migration allows built-in royalties and “Fuel Tanks” feature to subsidize gas fees for users • Snapshot taken to allow users to claim NFTs on Enjin blockchain without paying gas fees • Drawback is original NFTs still exist on previous networks, creators must ask holders not to trade them