Introduction
Enjin was founded in 2009 by Maxim Blagov, CEO, and Witek Radomski, CTO. Its headquarters is in Singapore. Enjin has been deeply involved in the gaming industry, and in 2009 they launched a gaming community network. It has now grown to more than 20 million users in less than a decade.
In 2017 they raised 18.9 million from a successful ICO, and Enjin established itself as a leading blockchain ecosystem developer. They built a suite of user-first blockchain products that easily enable anyone to manage, explore, distribute, and integrate blockchain assets.
They had built a whole on-chain infrastructure that has
- Enjin Platform
- Marketplace
- Wallet
- Beam
Enjin Ecosystem enables game industry businesses to increase revenue, gain a competitive edge, and innovate in previously impossible ways.
Enjin Ecosystem is fueled by Enjin Coin(ENJ). It’s an Ethereum based crypto used to directly back the value of Enjin powered blockchain assets. You can find more at https://enjin.io.
Enjin Platform
Enjin Company launched Enjin Platform in March of 2019, and it is a robust blockchain PaaS(Platform as a service) that enables developers to fund, promote, monetize, and design video games.
With this platform, game developers can use the platform to create and manage blockchain games without using and writing any blockchain-related code. So it will make life easy for game developers because maintenance is easy.
Enjin Platform uses a few SDKs and plugins like Unity, Godot, Java, Minecraft and uses GraphQL based API. They have already created 17.9K projects inside the Enjin Platform. You can find the website at enjin.io/platform
Enjin Coin
Enjin Coin(ENJ) is an Ethereum-based cryptocurrency used to directly back the value of next-generation blockchain assets. It launched in November 2017, and it has a total supply of 1 Billion coins. Currently, it has about 115.1K holders, and it’s growing fast. It also has 12.6M in locked assets. You can view token details at EnjinX. Enjin coin is now famous because of its use for NFTs. Enjin coin has the ERC-1155 Ethereum token Standard, and it allows an infinite number of both fungible and non-fungible tokens in a single deployed smart contract.
Enjin has raised nearly 18.9 million to build a blockchain network to make it NFT suitable and supported. That network is expected to launch around Q1 of 2022. This will be a big milestone for Enjin and this Polkadot-based network is called Efinity. It will have its own token called Efinity Token(EFI). Enjin is not new to the NFT market because it is used by companies like Microsoft and Nike.
Enjin has a great roadmap, Microsoft NFTs integrated into Minecraft on February 11, 2021, and it got listed on Gemini on March 22, 2021. Listed on Coinbase and Coinbase Pro on April 9, 2021. They have already started to support Polkadot in their Enjin Wallet. They are also on other great exchanges like OKEx, Huobi, Crypto.com, GMO Coin, FTX, and Blockfolio. The Japanese Financial Service Agency approved ENJ. We all know Japan is a leader in the Gaming world. This makes ENJ more valuable, and it attracts more adoption to the ecosystem.
and you can find their whole Roadmap it at enjin.io/about/timeline.
ENJ Statistics(Press Time)
Market Cap – $2,164,438,999
Price – $2.60
Circulating Supply – 834,313,757 ENJ
Max Supply – 1,000,000,000
Price Prediction (End of 2021/2022) – $10 – $12
Conclusion
Gaming and NFTs are hugely popular, and they will increase over time. So Enjin Coin will be a significant investment to have in your portfolio. These are not financial advice, and we’re not your financial advisor. Do your research before putting in your hard-earned money. We’re interested in the role that Enjin is doing in the crypto space. We will update you about this coin. Join our newsletter, so you won’t miss any updates about new cryptocurrencies and great projects that we are counting on. What do you think about the Enjin coin? Do you think it has a future? Let us know in the comment section.
Also read our article about 99% safe Crypto Exit Strategy.
