There is also the future deployment of the Enjin Matrixchain as the flagship Matrixchain on the Enjin Blockchain. Inheriting all data from Efinity through the same secure process, this upcoming Matrixchain will utilize ENJ as the native currency and will be the primary platform for end users when creating NFTs and digital items. The Enjin Matrixchain represents the spiritual and technical successor to Efinity, embodying Enjin’s commitment to innovation, user-centric design, and mass adoption. Enjin Blockchain’s innovative features, such as Fuel Tanks, allow developers to subsidize the cost of transaction fees, making those costs invisible to the end-user. Moreover, Discrete Accounts allow users to immediately interact with a project using Enjin Blockchain without the need to download dedicated wallet software, further simplifying the user experience.

Forged in gaming, Enjin’s blockchain ecosystem has also attracted attention from some of the world’s leading brands. You might be wondering ”how does Enjin work so well if it’s Ethereum-based? ” – the answer is that Enjin utilizes the Raiden Network to improve scaling and efficiency.

In a significant development, Efinity, the Polkadot parachain, has been successfully forked to the Enjin Blockchain, operating as the “Efinity Matrixchain” pending ratification through a referendum. The Efinity Matrixchain is already operational, allowing a seamless transition for existing Efinity users. All blockchain data from Polkadot Efinity, including balances, states, NFT & collection balances, and addresses, has been securely inherited by the Efinity Matrixchain on the Enjin Blockchain, ensuring the continuity and integrity of user data.

What will the price of ENJ be in 2025?

Additionally, in the event that Engine No. 1 were to engage in active ownership, such activities may not be successful or, even if successful, an investment may still lose value or incur additional costs when engaging in active ownership. The Enjin community remains at the forefront of blockchain innovation, empowering individuals, developers, and enterprises to revolutionize the digital items landscape. Join the Enjin ecosystem on this remarkable journey as it shapes the future of digital ownership, NFTs, and blockchain technology. The Enjin ecosystem powers everything from leading blockchain games to corporate engagement campaigns, and enables millions of individuals across the world to safely manage and store their digital assets. The Enjin ecosystem traces its roots to the users of Enjin, a Singapore-based software company founded in 2009 by Maxim Blagov and Witek Radomski. Enjin developed a gaming content management system that attracted over 21 million users and over 500,000 gaming community websites.

Unlike other solutions, Enjin Blockchain doesn’t rely on smart contracts, and instead ensures that critical functions, such as creating, using, and transferring NFTs are integrated directly into the foundational code. Thanks to this novel approach, projects are empowered to craft scalable, future-proofed digital assets with advanced capabilities, all while maintaining interoperability with other ecosystems. Engineered to meet and adapt to future market requirements, Enjin Blockchain’s architecture balances cost-efficiency and scalability without compromising security. The Enjin platform makes the processing of creating and managing virtual goods simpler.

What is the market cap of Enjin Coin (ENJ)?

Materials may contain forward-looking statements, which reflect Engine No. 1’s current views with respect to, among other things, Engine No. 1’s operations and performance. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Engine No. 1 undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. Registration with the SEC or with any state securities authority does not imply a certain level of skill or training. Under no circumstances should any information or materials provided be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments or other services. This website may contain forward-looking statements, which reflect Engine No. 1’s current views with respect to, among other things, Engine No. 1’s operations and performance.

• For more information about the Enjin Blockchain and how it’s set to pioneer the future of NFTs and digital items, please refer to the Enjin Blockchain whitepaper.
• Registration with the SEC or with any state securities authority does not imply a certain level of skill or training.
• We focus on next gen web3 projects that have web2 business models they want to take to the metaverse and beyond.
• Built on the open-source Substrate framework, Enjin Blockchain is set apart with its unique and dedicated design philosophy tailored towards Non-Fungible Tokens (NFTs).
• Certain information has been obtained from third party sources and, although believed to be reliable, has not been independently verified and its accuracy or completeness cannot be guaranteed.

We focus on next gen web3 projects that have web2 business models they want to take to the metaverse and beyond. We organize and partner with some of the biggest web3 events to help showcase your brand and project at giving you maximum visibility so there’s enough brand awareness and engagement. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts.

Enjin Coin (ENJ)-Whitepaper

The Raiden Network is comparable to Bitcoin’s lightning network – an innovative and efficient scaling solution. This material is provided for general informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Access to this material may be restricted in certain counties and persons who access it are required to inform themselves of, and to comply with, any such restrictions. This material is not intended to be published or made available to any person in any jurisdiction where doing so would contravene any applicable laws or regulations. The content contained on this website is provided to users “AS IS” without any express or implied warranty.

There are a variety of products and solutions offered on the platform, including an Enjin Wallet, Enjin marketplace, creation of games, NFT projects, and more. Enjin® is introducing Enjin Coin (“ENJ”), a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. The description of Engine No. 1’s investment process and strategy is intended to be representative, but may be changed from time to time by Engine No. 1, and Engine No. 1 may alter the information at its discretion. Engine No. 1 intends to be focused and directed in the selection of opportunities to actively engage with portfolio companies. Engine No. 1 intends to measure the investment made by companies in their employees, communities, customers and the environment, including through the use of financial, operational, and environmental, social and governance (“ESG”) metrics. While Engine No. 1 intends to seek opportunities to employ its active ownership beliefs, regulatory restrictions may limit the nature and extent of engagement in certain circumstances.

Delivering performance, making an impact.

The advancements in scaling solutions have also bolstered the appeal of the Enjin network, and the team continues to endeavor towards providing the most optimized experience for developers and users. Enjin Coin has a predominant interest in the NFT space and therefore when comparing its competitors it’s essential to focus on blockchain projects that are seeking to provide NFT solutions. ENJ is currently one of the top 100 cryptocurrencies by market capitalization – Enjin Coin (ENJ) achieved its largest market cap of $3,93 billion on the 25th of November, 2021.

With support from the longstanding Enjin application layer, integration of Enjin Blockchain is accessible to developers and creators of all sizes through intuitive and easy to use tooling. Microsoft and Enjin teamed up in 2020 to create Azure Heroes, a user engagement project that made the distribution and acquisition of tokens something that anyone, regardless of experience with blockchain, could participate in. Initial wave of adoption, and one of the most exciting use-cases of our technology originated in the gaming industry; in 2018, Enjin made headlines by announcing the world’s first gaming multiverse. Today, there’s over 40 game developers utilizing our platform to create everything from next-gen fantasy RPGs to post-apocalyptic sci-fi games. Most recently, the Enjin team, along with other top blockchain projects, have been advocating their crypto solutions at the World Economic Forum’s annual meeting.

What Is Enjin Coin (ENJ) How It Works & Where To Buy It?

Another factor to consider is that the lack of crypto regulation and the decentralized nature of crypto makes investing in certain projects incredibly risky. Many ill-intentioned projects seek to capitalize on naïve retail investors who don’t do a considerable amount of research, and FOMO into projects based on hype. There are a large number of innovative crypto projects entering the blockchain space daily. Most of these projects aim to provide people with new solutions but not all of these projects are as transparent and credible as they claim to be. The virtual goods market is expected to be valued at $190 billion by the end of 2022.

You should be aware that you may lose a significant portion of your portfolio. Our products have been used to power over 1,300 blockchain marketing campaigns, gamifying online engagement for blockchain industry companies like Binance, CoinMarketCap, OKEx, SwissBorg, Kyber Network, Changelly, CoinGecko, and more. How to Navigate the Volatile Crypto Market The cryptocurrency market has gained immense popularity in recent years, attracting both seasoned investors and newcomers seeking to…

CMC Crypto 200

ENJ tokens are among the most frequently traded cryptocurrencies – ENJ is listed on most major cryptocurrency exchanges. It’s important to understand that the ENJ token is subject to lif price winding tree significant price volatility, as are the majority of cryptocurrencies. ENJ is the native token of the Enjin network – ENJ is the 77th largest cryptocurrency by market capitalization.

CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings (ICOs) and Blockchain technology. Yes it’s for real, you can make the claim of these 4 NFTs on Enjin Wallet and who knows how much they will be worth in the future…