We present a complete guide to understanding Enjin (ENJ) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Enjin (ENJ) Cryptocurrency
The Enjin platform is a collection of Software Development Kits (SDKs), gaming applications, and a Blockchain Network built to evolve the Gaming industry’s WEB3 applications. The Enjin Network is built on Ethereum and uses the ENJ token for transactions.
Created for broader uses in Gaming, Enjin is a blockchain that facilitates the trade of Non-Fungible Tokens (NFTs). Examples expand across gaming from Minecraft Servers, In-Game Loot, Augmented Reality Applications (AR), to Derivative NFTs, and more.
Enjin Coin & Blockchain
Key Points of Enjin Crypto
- Gaming based Blockchain Cryptocurrency
- A Layer 2 Ethereum Token intended for gaming transactions
- One of the first NFT-Based Platforms
- Built for many uses in Gaming, popular across demographics
Enjin (ENJ) Price Chart
Enjin (ENJ) Historical Price Chart
History of Enjin
The company Enjin was created by Witek Radomski and Maxim Blagov in 2009 as a Gaming Software Company. Their team developed the concept for a blockchain for open source gaming uses such as items, loot, and collectibles.
Enjin Coin
Enjin Coin ICO Launch
The concept for a Gaming-Centered Blockchain that could support NFTS came to life in 2017 when the ENJ Token went on sale publicly. The Enjin Blockchain was built on top of the Ethereum Network as an ERC-20 Token.
This platform was one of the first blockchains created for NFT applied for gaming purposes, utilizing Ethereum’s ERC-1155 Standard.
Enjin Crypto FAQ
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Enjin Crypto Analysis
Image Source: Enjin Official Press Kit – Enjin.io