Latest News
Enjin Announces $100M Efinity Metaverse Fund Ahead of Polkadot Parachain Auctions
Enjin, the leading ecosystem for NFTs, today announces a US$100M Metaverse Fund for Efinity, a cross-chain NFT network it’s building on Polkadot. Enjin is also bidding for Auction Slot 4 in Batch 1 of Polkadot’s Parachain Auctions, beginning on December 2nd, 2021. If successful, Efinity will begin operating on mainnet by the end of 2021.
Efinity’s US$100M Metaverse Fund will formalize support for its ecosystem partners, through equity investments in seed or Series A fundraising rounds, and purchases of project native tokens for potential use in the Enjin/Efinity ecosystem. The fund will support adopters, as well as other organizations building and integrating with the ecosystem. This fund brings Enjin and Efinity closer to making the decentralized, cross-chain Metaverse a reality.
Oscar Franklin Tan, Chief Legal & Financial Officer at Enjin, said, “Personally hearing our adopters’ stories is one of the most fulfilling aspects of my role at Enjin. These are early pioneers of NFT gaming, who built with us through the trenches as one-man studios and are now spreading their wings. We’re eager to harness the knowledge of our team and longstanding communities to support the decentralized metaverse in a more systematic way.”
Supporters of Efinity can participate in the crowdloan immediately via Binance. Enjin will soon allow individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards. The team has allocated up to 10% of the total EFI supply to crowdloan rewards, and early contributors will also receive an exclusive NFT bonus.
Witek Radomski, Co-founder & CTO of Enjin, added “Efinity will attract a mainstream audience of creators, gamers, and NFT collectors to the Polkadot ecosystem. We’ve addressed current barriers to entry in blockchain (usability, cost, throughput) with an incredibly powerful parachain and our seamless open-source development framework. Our intention is for Enjin to be an interoperable, decentralized gateway to the worldwide Metaverse. With the backing of our global community and EFI supporters, we invite anyone who shares this vision to get involved in the parachain auctions.”
Purpose-built for NFTs, Efinity provides class-leading scalability, with internal Alpha testing at 120 million NFT mints per block with six-second block times. In support of the cross-chain metaverse, Enjin is also developing the new Paratoken Standard, which is interoperable with all chains and token standards.
Earlier this year, the Efinity private and CoinList sales raised $38.9M, led by prominent backers Arrington XRP Capital, BlockTower, Crypto.com Capital, DFG Group, Fenbushi Capital, Hashed, Hashkey Capital, Hypersphere, Kenetic, and LD Capital. The Enjin & Efinity ecosystem features over 70 game and app developers, and hundreds of NFT projects such as Microsoft Azure Heroes, Lost Relics, Kingdom Karnage, Age of Rust, and 9Lives Arena. Many of these projects will be ported over to Efinity over time.

Latest News
Tencent Games to Participate in Gamescom 2025
Tencent Games, a leading global platform for game development, publishing and operations, has announced its participation in gamescom 2025, taking place in Cologne, Germany, from August 20 to 24. This year’s showcase represents the company’s most expansive presence to date, spotlighting over a dozen groundbreaking titles from across its owned and partner studios and publishing divisions. From iconic franchises to bold original creations and cutting-edge gaming technologies, Tencent Games is shaping the future of gaming by driving innovation and fostering deeper connections across the global gaming community.
Kicking off its most ambitious gamescom yet, Tencent Games is playing a leading role in shaping a sustainable future for the gaming industry. Rick Li, Producer of PUBG MOBILE, will speak at the Playing for the Planet (P4P) Panel at the gamescom congress on August 21. Joining fellow industry leaders from Ubisoft, Unity Technologies and Xbox, Li will contribute to the panel “Level up for impact: How Consoles, Engines and AAA games are driving efficiency upstream and inspiring action downstream with players.” This discussion will highlight how different parts of the video games industry can contribute upstream by reducing emissions, while also engaging players downstream to raise environmental awareness and inspire meaningful action.
In addition, Tencent Games will share valuable insights at devcom, gamescom’s developer conference running from August 18 to 19. On August 18, sessions will explore technological innovations such as AI and anti-cheat, followed by a deep dive into the role of the audiovisual language in Delta Force: Black Hawk Down on August 19. Further, VISVISE, Tencent Games’ AI-powered game development solution will make its global debut at gamescom and devcom; the AI tools, GoSkinning and MotionBlink, will transform production pipelines and enhance development efficiency by automating character skinning workflow and motion capture. These highly anticipated new innovations and proprietary tools will be showcased at the Tencent Games B2B booth (Hall 4 & 4.2), underscoring its commitment to global collaboration and technological development.
The post Tencent Games to Participate in Gamescom 2025 appeared first on European Gaming Industry News.
Latest News
PENN Entertainment Celebrates Grand Opening of Hollywood Casino Joliet
PENN Entertainment has officially opened the doors of its new Hollywood Casino Joliet on Monday, August 11.
The $185 million state-of-the-art casino replaces the former riverboat property that operated on the shores of the Des Plaines River since 1992.
Legislators and area dignitaries, Illinois Gaming Board officials, Chicago Bears executives and NFL legend and Joliet native Tom Thayer joined the PENN team members for the ribbon-cutting ceremony. Hollywood Casino Joliet then opened to the public at 4:00 p.m. and welcomed guests to experience approximately 1000 of the newest slot machines, 43 table games, a retail ESPN BET sportsbook, upscale national and Chicagoland celebrity-led dining and, above all, a premier guest experience.
“We would like to officially welcome players and guests to the all-new Hollywood Casino Joliet. After approximately 20 months of construction, we are thrilled to open the doors to this land-based entertainment destination. We are proud of our 30-year history in Will County and are committed to continuing our investment in the community by creating new jobs, providing important tax revenue, and serving as a new attraction to bring even more visitors to the area,” said Jay Snowden, CEO and President of PENN Entertainment.
“This opening marks an exciting new era of entertainment in Joliet. We’re grateful for the support from the city of Joliet, the Illinois Gaming Board, and our business and community partners who contributed to the successful development of this new property. We look forward to delivering an elevated experience with world class dining, entertainment, and gaming options for patrons across the region,” said Todd George, Executive Vice President of Operations for PENN.
The roughly 189,000 square foot entertainment destination employs approximately 600 team members and generated around 450 construction jobs. Open seven days a week and 24 hours a day, the fun and excitement will continue 365 days a year.
The post PENN Entertainment Celebrates Grand Opening of Hollywood Casino Joliet appeared first on European Gaming Industry News.
Latest News
REEVO Announces Partnership with 100HP
REEVO has announced a new partnership with 100HP, a results-driven provider of instant and crash games that are redefining the player experience across global markets.
This collaboration sees 100HP’s high-performance game titles integrated into REEVO’s growing aggregation platform, instantly expanding the available content for operators, aggregators and affiliates within REEVO’s extensive network. Known for delivering speed, simplicity and engaging gameplay, 100HP’s games are more than just entertainment, they are true growth engines.
With a shared vision of pushing boundaries in iGaming innovation, this partnership combines REEVO’s agile technology and deep operator insight with 100HP’s proven game mechanics, optimised retention and market reach.
“At REEVO, we’re always looking for partners who not only innovate but also deliver real value to operators. 100HP does exactly that, their portfolio is fast, fun, and performance-focused. This collaboration brings even more dynamic content to our partners and aligns perfectly with our mission to drive engagement and growth,” said Daniel Cuc, Head of Account Management at REEVO.
Timur Todua, Head of Partnership Managers at 100HP, said: “Our partnership with REEVO marks another important step in expanding our global reach. We are excited that 100HP Gaming titles are now available to operators working with one of the industry’s leading aggregators.
“REEVO brings strong technological expertise and a deep understanding of operator needs and by extension, player expectations. This collaboration enables us to scale distribution, strengthen our presence in key markets, and get even closer to players who value speed, simplicity, and a unique gaming experience.
“We appreciate the REEVO team for their efficiency, transparency, and clear results-driven approach. We are confident this partnership lays a solid foundation for future joint initiatives.”
The post REEVO Announces Partnership with 100HP appeared first on European Gaming Industry News.
-
Latest News2 months ago
LEGENDS by Fire & Ice: July 1st at The BOX Soho
-
Latest News3 months ago
S8UL acquires North America’s leading Mobile Legends: Bang Bang roster ahead of Esports World Cup 2025
-
Latest News2 months ago
New Resort & Casino Selects IvedaAI for Intelligent Video Surveillance Ahead of Grand Opening
-
Latest News2 months ago
HIPTHER Movement Launched: Fitness Community & Summer Run-Off Challenge Powered by GameOn
-
Latest News2 months ago
Brand-new projects debuting at iGB L!VE: Casino&You and Win&You Partners!
-
Latest News3 months ago
Fueling the Fast Lane: Play’n GO Music and MoneyGram Haas F1 Team Drop Esteban Ocon’s High-Octane Playlist: ‘Ocon’s Drive’
-
Latest News5 days ago
Light & Wonder to Participate in the 2025 Australasian Gaming Expo
-
Latest News4 weeks ago
2025 PUBG MOBILE WORLD CUP KICKS OFF WITH GROUP DRAW AHEAD OF ESPORTS WORLD CUP
You must be logged in to post a comment Login