Enjin (ENJ) was created with gamers in mind. Its origin can be traced back to a community gaming platform in Singapore. It is designed to facilitate the purchase of premium in-game upgrades using Enjin tokens rather than fiat currency.
Many popular gaming brands have partnered with Enjin including Microsoft and Atari.
Read on to find out more about the Enjin project, how it works, what it’s for, and how you can invest in it.
What is Enjin?
Enjin was founded by Witek Radomski and Maxim Blagov in 2009. An initial coin offering was launched via Enjin in 2017 to raise tokens for its new blockchain, which operates on the Ethereum blockchain.
There will only ever be 1 billion ENJ.
Enjin eventually went live as a cryptocurrency in 2018 on the EnjinX Marketplace. It was the gaming industry’s first cryptocurrency.
JumpNet is Enjin’s bridge between Ethereum and Efinity, enabling developers to mint and port tokens onto multiple chains without having to pay gas fees.
This means NFTs — for example, in-game addons and upgrades — can be minted without having to pay extra fees on each transaction.