Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

enj enjin enjin explained erc-1155 erc-20 erc-721 nfts what is enjin

What is Enjin - Explaining Enjin and Enjin Coin (ENJ)

Written By Ivan on Tech

Oct 07, 2020

The video game industry is a multi-billion dollar sector, with an estimated 65% of American adults playing games. Moreover, by 2025, the video game market is estimated to become a $300 billion industry by 2025. Out of all of these prospective gamers, the blockchain firm Enjin hopes to lasso some of these gamers from traditional gaming and bring them over to the blockchain. 

So, what is Enjin? Well, in short it is a blockchain-based video game community and development platform based out of Singapore. With Enjin, users can build such things as websites, gamer dApps, and chat forums. The Enjin platform is designed specifically for the video game industry and offers its legion of gamers the chance to create communities around their favorite games.

More importantly, Enjin is taking traditional blockchain concepts to the video game space. This means that its users can tokenize virtual assets like weapons or suits of armor. Enjin accomplishes this with its ecosystem of tools that...

Continue Reading...
Close

Get our Free Ebook

Enter your email and we will send it to you!