What is Enjin (ENJ)?

The cryptocurrency Enjin (ENJ) was created on the Ethereum blockchain and launched through an ICO. The Enjin platform is an ecosystem of products that can be used to create, distribute, store, trade, and integrate tokenized digital assets. Enjin mainly focuses on gaming and enterprise use cases. This ranges from art NFTs (non-fungible tokens) to digital vouchers and elements that can be used for various video games. But it is also possible to tokenize commercial real estate.

Photo by Alex Haney on Unsplash

You can find more about NFTs in this post: https://greaterideas.blog/non-fungible-tokens-nfts/

What problem does Enjin solve?

The main feature of Enjin is the ability to create and manage virtual goods. Developers can start their cryptocurrencies based on the Enjin coin, which makes adding cryptocurrencies to the gaming world and gamification itself much easier. Enjin offers software development kits for Unity, Java, Godot, and more. This enables easy integration of new projects. An online marketplace with over 12 million digital goods, where users can discover, buy and sell blockchain assets, and swap or exchange NFTs are included. With a player pool of over 18 million, the system is also very heavily used. The Efinity network enables fast and almost unlimited transactions with high speed and the lowest costs for millions of players.

Conclusion

The gaming industry is a rapidly growing market and the fan base is growing, which is why Enjin could play a major role in the future. All gamers should keep an eye on Enjin because it may one day become the industry standard.

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