Greetings to all the friends members of this beautiful community, in this opportunity I would like to talk to you about this little known project that is making its way in the cryptographic world, I am referring to Enjin Coin (ENJ), but first I would like to remind you that this publication does not represent any form of recommendation or financial advice, so it is necessary to understand it as a way to inform the members of Hive about these interesting ideas in the cryptosphere.
According to the information presented by its developers through its web portal, the Enjin platform is presented as a comprehensive ecosystem of various products specially designed to enable the creation, distribution, storage and trading of digital assets in the form of tokens.
The Enjin community is mostly focused on gaming, but there is also an important group that opts for the business use provided by this platform, especially in the platform's ability to create ENJ-backed digital assets for the purpose of using them creatively, for example in NFTs or in the world of video games, sale and purchase of real estate as well as anything else you want to tokenize.
Enjin Coin as a cryptocurrency was initially created as part of the Ethereum blockchain and its ERC-20 token network, raising as an ICO the amount of US$ 18.9 million in 2017, although it is worth noting that this project dates back to 2009 when it was a community dedicated to games. This project was gestated as a complete ecosystem that offers its users a series of products devised to facilitate the participation of anyone regardless of their skills in the world of cryptocurrencies and blockchain technology.
As an ERC20 token Enjin Coin works on the Ethereum network, meaning that in addition to providing transactions it is also possible to establish smart contracts. It is also important to highlight that Enjin is likewise one of the first projects that began testing the Raiden network,a particular Ethereum version of the Lightning network, before taking on the platform called Efinity.
Enjin Coin's main functions include:
Virtual asset creation and management: this is the main feature that the Enjin project offers to its community, establishing a space where developers can launch their own tokens under the backing of Enjin Coin.
Multiple SDKs: Enjin offers the possibility to set up various SDKs for Unity, Java, Godot, providing the diversity of developers with practical and simple modalities to interact with their projects.
Marketplace: More than 10 million digital items support the work being done on this platform, providing the community with access to a diverse variety of tokenizable items, from the simplest to the strangest.
Enjin Beam: a digital asset distribution system, which allows developers to send thousands of NFTs/FTs to users with a simple scan of a QR code.
Smart Wallet: the platform provides a wallet whose blockchain links seamlessly with games and apps.
As it is possible to notice Enjin Coin is projected with high growth possibilities, as stated by its founders Maxim Blagov (CEO) and Witek Radomski (CTO), who made possible the creation of this platform as a for-profit company as a means for community gaming interaction in 2009.
