The Enjin platform is an all-in-one platform with the goal to be the go-to place for gamers and game creators. By providing all of the tools they need in one place, they will be able to create some insanely cool games. Enjin Coins, their cryptocurrency, will enable gamers to buy items or even pay for future games.
By combining Ethereum with their blockchain and a crypto token, Enjin has created an all-in-one platform. In this article, we will explore some of the platform’s features, what is Enjin coin used for, why the Enjin platform could be a huge hit, and what will happen if it does. Whatever happens, they are pushing hard to make it happen as quickly as possible. And they have many people behind them who know how to help make that happen.
What is the Enjin Platform?
The Enjin platform makes it easy for game developers to create games and then capture the revenue from those games. The platform consists of the following building blocks:
DApp Store (Blockchain) creates a catalog of all the gaming applications, including games and virtual items purchased with ENJ coins. If a game is published in their store, gamers will buy items directly from the app using ENJ.
Integration API enables developers to integrate the Enjin platform directly into their game.
Token Exchange allows gamers to buy ENJ with other cryptocurrencies.
Web Wallet allows gamers to store and trade ENJ with ease. The wallet also allows the creation of sub-wallets for different purposes, such as sending ENJ to a second wallet for parent company management or gaming inventory management.
Mobile Apps are available on Android and iOS. These apps allow gamers to manage their coins from their mobile devices.
Games. A few games have already been released, including Minecraft and Unity. The technology is being used to build a Minecraft server with over 250,000 monthly players and will also be used in Unity to launch an entirely new gaming economy.
What is Enjin coin used for? Enjin Coin is the cryptocurrency used on the Enjin Platform as payment for games and items. The developers of the games will pay for their costs with Enjin Coin, which gamers can then use to buy items from their favorite games. Enjin coin is a cryptocurrency with value because it is being used in the Enjin Platform. Essentially, the platform acts as a medium through which other cryptocurrencies can be bought and sold.
Enjin is making an all-in-one platform for gamers to create some amazing games. They see them as two very distinct markets. The in-game market (gamers) and the digital trading market (merchants). Traders are essentially buying and selling digital or virtual items. If a gamer is purchasing an item from within a game, it is often called a microtransaction.
But there is so much more for gamers to gain from this platform. They will buy items and games directly from the game developer in-game or on the Enjin Market. Enjin’s cryptocurrency, Enjin Coin (ENJ), will also be used to buy these items and games in the app directly – with no middleman – and then used to pay developers. This is known as the Enjin Smart Wallet. It will be possible to have a smart wallet where all ENJ tokens in your account can be traded, sent, and received using the Ethereum blockchain.
Features of Enjin platform?
The Enjin platform will be the smartest, fastest, and most secure way to create, customize and manage virtual goods. Developers can create virtual items in minutes and monetize them without worrying about security or payment processes. The Enjin platform can process millions of transactions every day and has strong backing from some of the biggest names in crypto.
The platform will support virtual items, including games, digital collectibles, and even digital goods in the real world. They will be tracked, stored, or sold on any platform. They will also be sent directly and traded with each other without needing a third party.
Enjin has developed the Enjin Platform to allow gamers to connect in-game items with other items or purchase the item (digital good) directly from the game developer at no cost. This is possible with the use of their ERC-1155 token standard. This token standard allows for thousands of transactions every second while using minimal amounts of gas to process each transaction.
These features make it one of the most exciting platforms out there. The Enjin platform will be the catalyst that helps take blockchain technology to a broader audience, which is precisely what needs to happen for this technology to go mainstream.
Why Enjin Platform is a huge hit?
Enjin has taken the gaming industry by storm. Last year, they raised $20 Million in funding from some of the biggest names in crypto and gaming. They know how to build a strong team and have successfully created a product that people want. Their technology has been used in projects like Unity and Minecraft, a huge validation for their platform.
The Enjin platform is great because it brings together two massive markets that have yet to intersect – gamers with items and game developers with virtual items. It is a win-win for both groups.
The cryptocurrency market has been growing rapidly, creating more demand from the market for digital goods. Gamers love the idea of being able to buy games with no middle man (which often means paying way too much for them), and game developers can make some serious money with their games by offering items for sale. Enjin’s mission is to bring these two markets together and make things easier for everyone involved.
In conclusion, Enjin is a fantastic platform and the future of gaming. With a solid background and an already extensive roadmap, they are setting themselves up to become one of the top companies in this space. They are establishing themselves as a company that looks to revolutionize the gaming industry, making them one of the most promising start-ups.