Non-fungible tokens (NFTs) have seen incredible growth in popularity during 2020. Investors have become fascinated with the the rise of blockchains and the metaverse. Enjin is a company that has been a leader within the space since 2017, which enables users to create their own NFTs with many applications.
The gaming industry is one of many industries interested in NFT and blockchain technology, along with how it can be utilized well. This includes making unique digital assets for in-game currencies or special items for video game players. Enjin is seeking to give a platform to digital creators and game developers and open the floodgates of creativity on the market.
Interested in knowing more about what is Enjin? Continue reading outlook at Enjin and its application to how can items in a game can have real-life value. You’ll learn about digital assets, NFTs, and blockchain in gaming too.
What Is Enjin to Everyone?
Enjin is an open-source community platform founded in 2009 by its creative director Maxim Blagov and CTO Witek Radomski.
The Enjin platform lets people to create, trade, store, and integrate digital assets that get tokenized online. This means you can find a wide range of unique NFTs that can’t won’t be anywhere else.
Developers are able to make their own NFTs and circulate them among a variety of games. Games that have adopted NFT and blockchain technology can get the most out of the platform. Enjin Coin is also a cryptocurrency used on the Enjin platform, which was made through the Ethereum blockchain.
How Does Enjin Work for Everyone?
Enjin provides many features through public API and development kits. This gives creators the tools they need to work with the platform.
NFT creations are supported by Enjin Coin on the Enjin platform, which allows other cryptocurrencies to get added into a video game world with ease. Both developers and players can use Enjin Coin, which keeps the Enjin Coin Price up on the platform.
NFT gaming assets have grown in popularity over the last few years. This has opened up new and exciting opportunities for companies. With so many cryptocurrencies circulating, Enjin allows them to get managed easier for use in cross-promotions, such as developers working with large gaming brands.
Enjin Coin is the native cryptocurrency to the Enjin platform. The cryptocurrency can get sent to and from a user’s Ethereum wallet for different things.
Enjin as a platform focuses on in-game items and digital goods. This also helps with preventing theft and fraud with digital assets online.
Looking Forward With Enjin
After reading through our overview about the platform, you should have a good understanding about the question ‘what is Enjin’ and it’s significance. It is a step in the right direction for digital assets and helping developers within the NFT space.
Millions of transactions happen each month on Enjin, with the value of NFTs and virtual goods continuing to grow. As of now, the future is looking bright for Enjin and the NFT market. Discover more interesting articles about business on The Arabian Post.
Also published on Medium.