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What is Enjin Coin all about
Blockchain technology has been seen as a perfect fit for a number of sectors, including supply chain management, and also the digital gaming space. Enjin is one such blockchain putting its attention towards gaming.
Enjin is a protocol on the Ethereum blockchain used to manage in-game items across many different properties. The idea being that Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables.
Assets, or gaming collectibles, can be made to fit a desired platform and then recorded on a smart contract which allows them to have similar desirable properties of cryptocurrency, such as speed, cost and security. The items created through Enjin also vary as they can be basic, like in game currencies, or more complex and unique, such as digital weapons relevant to certain games or characters.
Central to this system is the ENJ cryptocurrency. Each time an in-game item is minted and created on Enjin, it is assigned a value in the native cryptocurrency, ENJ.
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ENJ Questions & Answers
What was the price of Enjin Coin at its highest?
The price of Enjin Coin peaked on 2021-11-25, at 4.29 EUR.
What will Enjin Coin cost next month?
On the basis of our prediction algorithm, we suspect that the value of Enjin Coin will reach between €0 and €0.94 in 30 days.
What will the price of Enjin Coin be 3 months from now?
According to our prediction we suspect that the price of Enjin Coin will be between €0 and €0.94 in three months.
What is the current price of Enjin Coin?
Current price of Enjin Coin is at 0.65 EUR.
How much will Enjin Coin cost six months from now?
Accurate long term projections are very difficult, however using our prediction algorithm we expect that the value of Enjin Coin is likely going to be between €0 and €0.94 in half a year.
How popular are topics related to Enjin Coin on online?
45792 users participated in discussing Enjin Coin on Reddit in the last 2 days. Enjin Coin's official Twitter handle currently is followed by 534466 users.
Who created Enjin?
The company was co-founded by Maxim Blagov, the now CEO, and Witek Radomski, the CTO. It started out as a community gaming platform in 2009 but then launched an ICO in 2017, raising around $18.9 million in the process. Enjin went live in 2018.
Does Enjin have a role to play with NFTs?
As NFTs become more popular and mainstream, Enjin has found a new use-case as the creation of unique in-game items is the same as a creation of a non-fungible token.
How does ENJ work within the Enjin protocol?
ENJ is important when it comes to minting in-game items as to mint an item, developers have to lock ENJ into a smart contract, thus assigning a value to the item. When a player acquires these items, they can either use them in games, trade them to others or sell them for ENJ, in accordance with the original minting cost.
Are people using Enjin?
There are some well known companies that have co-operated and partnered with Enjin, such as Atari as they made a move into blockchain. Microsoft, BMW and Samsung also have connections with Enjin.
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