History
Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. Over the next decade, they organically grew their first product, the Enjin Network, to over 20 million gamers worldwide. In 2017, the company hosted a successful ICO of Enjin Coin and began pioneering a vision for NFTs.
Enjin’s technology has made it possible for developers to incorporate blockchain into games and apps without prior coding knowledge. The world’s first gaming multiverse, a group of games that agreed to incorporate a common set of NFTs across various virtual worlds, was announced by Enjin in 2018. An NFT minting platform, wallet, marketplace, SDKs and API, and QR code asset distribution service make up this integrated ecosystem.
Special Features of Enjin
Many cryptocurrencies are merely a form of money that may be used for exchanges or to store value, much like a dollar or a gold block. While Enjin Coin is also tradeable, its platform’s use case for games, NFTs, and other assets and apps is more narrowly focused.
Fees and Expenses
Enjin transactions use Ethereum gas, an ERC-20 token, to pay transaction costs. Gas costs might differ significantly depending on the quantity and timing of your purchase. ETH Gas Station is one of the websites where you may obtain the most recent gas prices.
Utility Token
The Enjin platform’s native token is called ENJ. A chosen quantity of ENJ is minted into the token through a smart contract whenever a new NFT is created on the network. The newly constructed items are given real-world worth because each one can be melted back into the underlying ENJ backing at any time.
How to Earn
Virtual items that use Enjin Coins are stored in private, encrypted Enjin Wallets rather than on the game servers. Even while a wizard’s staff may only have an ENJ-backed value of $10, it could sell for hundreds or even thousands of times that much. When combined with trade confirmations, Efinity’s capability for multiple token escrows should make frauds virtually impossible, if not impossible altogether.
How to Buy $ENJ
Anyone can buy ENJ using fiat money like the US dollar or by trading other cryptocurrencies on top cryptocurrency platforms and exchanges like Binance US, Crypto.com, Bithumb, Gemini, Swissborg, Kriptomat, Voyager, and Blockchain.com. If you want to purchase and trade ENJ tokens, take the following actions:
Enjin and MetaverseMe
The Pluriform Collection is the first line of these cross-project fashion NFTs, and it is the result of a cooperation between eBallR Games, Atari, and digital fashion firm The Fabricant. With the help of cutting-edge Augmented Reality (AR) technology, MetaverseMe enables you to video your avatar engaging in activities like dancing or other emoting while wearing your favorite virtual clothing.
Marketplace
Through its Adopter Program, Enjin presently collaborates in an official capacity with over 100 game and app creators on anything from open-world fantasy RPGs and trading card games to augmented reality applications and Minecraft servers.
