Enjin is a software program that allows developers to build and manage virtual goods on the Ethereum blockchain.
Enjin aims that by using blockchain technology to manage in-game items across multiple properties, it will be able to reduce the high fees and fraud that have plagued the transfer of these goods.
What Is Enjin?
Enjin (ENJ) is a for-profit company founded in 2009 by co-founders Maxim Blagov and Witek Radomski as a community gaming platform.
Enjin has launched software development kits (SDKs) to help users generate digital assets on Ethereum and integrate them into games and apps. Each minted asset is customizable to meet the intended platform and is stored in a smart contract. As such, offering the items cryptocurrency benefits such as speed, cost, and security.
Enjin (ENJ) is crucial to managing the digital assets on its platform, and each in-game manufactured on Enjin is allocated a value in ENJ.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is an Ethereum-based ERC-20 token that allows users to execute transactions and smart contracts. The ENJ token is intended to make creating NFTs simple for users. ENJ is likewise focused on maintaining the value of NFT minted inside the Enjin ecosystem and managing in-game goods and assets.
Tokenomics
Enjin Coin (ENJ) has a 1 billion maximum supply and an 881.9 million circulating supply. The following methods were used to distribute ENJ tokens:
- Enjin sold 400 million during the pre-sale period
- Another 400 million were sold to Crowdsale buyers who were not eligible for pre-sale discounts
- Members of the Enjin Coin community, such as strategic partners, marketers, and beta testers, received 100 million
- The remaining 100 million goes to the Enjin team members and advisers
How Does Enjin (ENJ) Work?
The Enjin platform utilizes its own coin, an ERC-20 token. The project is based on smart contracts and does not include a transactional component. This method was used before starting its core project, Efinity, a platform-speed-enhancing measuring solution. This network also serves as the testbed for the Raiden Network, an Ethereum-based version of the Lightning Network.
The capacity for users to produce and manage digital goods is the primary function of Enjin. The platform also offers other services, such as reducing transaction costs while increasing user experience by removing network complexity. Enjin enables developers to design and launch digital tokens based on the Ethereum blockchain ecosystem via a software development kit (SDK) and a public API. Furthermore, gamers can develop their own token backed by Enjin Coin, which simplifies cryptocurrency integration into gaming platforms.
On the Enjin platform, each asset has a value represented by a tradable cryptocurrency. However, these tokens have real-world value and may be traded indefinitely. Moreover, developers that create in-game content will be required to purchase ENJ, which can also be referred to as “minting.”
Enjin Games
Enjin’s concept was not new since it sought to provide the virtual worlds with a more realistic economic representation. All while allowing items in these games to be transferred or shared between other virtual worlds. As a result, such things might be exchanged or stored as items of one-of-a-kind value. Rare Pepes and Spell of Genesis are examples of Bitcoin collectibles that have evolved through time.
Pursuing that aim prompted Enjin to launch an ICO (Initial Coin Offering) on August 21, 2018, in which they raised $19.9 million. On August 28, 2018, ICO resulted in the inaugural launch of its ERC-20 token, Enjin Coin (ENJ). However, this was simply the first step in Enjin’s long list of inventions, which would allow it to offer unique blockchain tools and services for the gaming industry.
Enjin Platform
This project development resulted in the release of the Enjin Platform, a platform meant to allow video games to produce fungible and non-fungible tokens (NFTs) in their own worlds with a representation on the Ethereum blockchain. The ERC-1155 token served as the foundation for this platform, for which Enjin proposed an EIP (Ethereum Improvements Proposals) adopted by the Ethereum community and developers.
Since then, Enjin has worked hard to establish itself as a technology leader in the blockchain area of video games. Not just by developing a platform to bring the two worlds together but also by showcasing how such technology works in real life using games like Minecraft. It has even gone a step further in creating scalability options and blockchain technology, intending to make this union as simple as possible for game developers.
What Games Use Enjin Coin?
The Six Dragons
The Six Dragons is a role-playing game with three character classes: warrior, wizard, and cleric. Players can choose up to 33 skills from each tree to combine. They can select up to 26 variants for warriors, staffs for wizards, and maces for clerics. Enjin converts players’ digital wallets into real-life inventory, allowing users to create new in-game items.
Tokens dropped by defeated enemies, such as swords, armor, and potions, can be claimed immediately by the players. The blockchain also allows the game to provide consumers with an in-game marketplace called the “Blockchain Blacksmith Service.” This marketplace allows gamers to create new tokenized in-game items using the blockchain recipes of other players.
Space Misfits
Space Misfits is a 3D low-poly space sandbox MMO with a lot of action. It allows users to seek, gather, and mine things and resources using cryptocurrency. The game features stunning visuals and allows players to choose between three roles: space pirate, trader, or miner.
By tokenizing important assets as NFTs on the blockchain, Enjin provides players more power over the game. The game has established a play-to-earn economy and its own in-game currency (BITS) using Enjin’s JumpNet blockchain technology.
Nestables
Nestables is a game that allows players to collect, trade, and breed 3D cubes. Each cube has its personality and physical characteristics. Users may create, build, and decorate their “nest” with cubes.
Resources may be collected to bring improvements to the nest, and users can personalize their cubes in the game, which can then be traded with other players via the underlying blockchain. The game’s cubes are all ERC-1155 tokens backed by ENJ. These cubes can be shared, exchanged, sols, and melted down into ENJ.
9Lives Arena
In 9Lives Arena, you can play as a Viking, Barbarian, Samurai, Gladiator, or Ancient Atlantean. When a character wins a battle, they are rewarded with powerful blueprints and materials, allowing players to create unique weapons with them. These benefits are backed up by Enjin (ENJ).
War of Crypta
War of Crypta is a web-based multiplayer game with a player-versus-player (PvP) mode. Players may level up their characters to collect, modify, and strengthen them. They can strategize and choose heroes with diverse abilities for their team based on their battling requirements. Then, they can put these players against the heroes of another player.
Top Enjin Games
Below we are going to list the top 5 best Enjin games.
Kingdom Karnage
Kingdom Karnage is a card game where players go on conquests, explore dungeons, and collect prizes. This game provides animated characters with armor and weapon upgrades for turn-based and blockchain-based combat. Missions must be accomplished to gain NFT coins, backed by Enjin tokens obtained through rare card packs. The platform for this game is built on Enjin technology and the ERC-1155 protocol, which allows the platform to be monetized so that users may sell, buy, and even swap accessories and cards with other players directly.
Age of Rust
Age of Rust, set in the far future of 4424, opens with the rather common sci-fi concept of a failed status experiment aboard a colony ship. You awaken in a world you no longer recognize, where rogue machines have taken control and progress has all but vanished. Age of Rust, which mixes a post-apocalyptic atmosphere with cyberpunk flair, offers a world and story of its own bleak future in which you must make your way through the collapsing remains of a long-gone society. Non-fungible tokens (NFTs) can be used in various interesting ways, such as giving unique abilities or revealing hidden paths.
Hololoot
Hololoot is the world’s first Non-fungible token (NFT) generator, marketplaces, and Metaverse developed for mass adoption in augmented reality (AR). It unveils the world’s first AR NFT generator, marketplace, and Metaverse, all targeted for mass adoption. AR industry experts created it, combining the most recent advances in 3D modeling with the unique qualities of NFTs to create an app that is both powerful and simple to use.
Dissolution
Dissolution, launched in August 2019, is an NFT-based, blockchain-powered action-packed game designed as a science fiction first-person shooter with RPG components. Dissolution, designed by Garage Studios, includes blockchain-based collecting objects, and its in-game currencies, $DIS, $LP, and $OMEN. It provides users with tokenized utilities in addition to a comprehensive gaming experience. It is described as an MMORPG game set in its solar system 400 years in the future, following a battle of extinction between humanity and its children – the AI. The game revealed that its Earth had been destroyed by its weapons of mass destruction to prevent the AI threat from spreading throughout the solar system.
The other Enjin Games include:
- Bitcoin Hodler
- Lost Relics
- Unreal
- Containment Corps
- Ether Legends
- AlterVerse: Disruption
- Contraverse: Battle
- Aldian Legends
- MetaverseMe
Takeaways
- Enjin is a software program that allows developers to build and manage virtual goods.
- Enjin is a for-profit company founded in 2009.
- Enjin Coin (ENJ) is an Ethereum-based token (ERC-20) allowing users to execute transactions and smart contracts.
- The Enjin platform uses its own coin, ENJ, an ERC-20 token.
- Enjin launched an ICO on August 21, 2018.
- The top 5 most popular Enjin games are The Six Dragons, Space Misfits, Nestables, 9Lives Arena, and War of Crypta.
