What is Enjin (ENJ)?

et me introduce you to Enjin, which launched in 2018 with the mission to allow anyone to create digital assets on the Ethereum network and integrate them into games/applications. Enjin has the ultimate products, solutions and ecosystem that cannot be ignored.

Before we dive into the products, solutions and ecosystem, we must first understand how the Enjin protocol works.

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How does Enjin work?

Enjin’s primary focus is to enable users and developers to store, manage and create virtual games and items! Developing, minting, selling and trading in-game items all require the ENJ token.

Thanks to Enjin’s unbelievable software development kit (SDK), all assets can be built on the Ethereum blockchain with the ability to integrate them into games or dApps within the Enjin ecosystem.

All assets can be unique and customised to a specific dApp or game! Remember each asset is tied to the native token ENJ. Which we will explain in more depth, shortly.

Enjin Products

Enjin has five key products that are essential for a perfect ecosystem:

Enjin Wallet

Enjin has both a software and web wallet for users to interact with games/apps and manage assets such as NFTs or cryptocurrencies.

You can also download the Enjin wallet in the palm of your hands, through the Apple App Store or Google Play Store! I wouldn’t be surprised if the Enjin wallet is integrated into Solana’s upcoming mobile!

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Enjin Marketplace

Trade, collect and swap a variety of NFTs (over 1.2B assets to choose from) using the native Enjin Marketplace. So far over 10.3M $ENJ tokens have been spent on digital assets and over 3.2M digital assets have been traded within the marketplace.

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Enjin Platform

This allows anyone to integrate or create NFTs & digital assets without using any code! Create your dream Web3 project with your imagination and a few clicks! It could be anything from Gaming, Music, Sports or anything Art related!

At the moment, the Platform has over 27,000 projects that have either been integrated or built on! Not only that but over 1.2B minted tokens and over 856K transfers. Enjin has proven that it’s an easy-to-use, desired platform.

JumpNet

They always say to leave the best till last, so here is JumpNet the ultimate Ethereum scaling solution which allows Enjin users to experience instant, secure and FREE transactions! All you have to do is bridge over assets from Ethereum and you’re set.

On the Jumpnet, you can expect to access the Platform, Wallet and marketplace but with the ultimate perk of paying NOTHING for transactional costs (gas fees).

All of these products allow users to join a multiverse of superior applications and Play-to-Earn (P2E) games. Businesses and developers have the essential tools to either build NFTs, NFT Games or applications.

Enjin Ecosystem

Enjin’s ecosystem is host to many popular and credible games/metaverses. Even companies such as Samsung and BMW have integrated products! Let us take a look at some of the most eye-popping games and metaverses within the Enjin ecosystem:

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Azure Heroes

Believe it or not, Azure Heroes is Microsoft’s very own blockchain-based developer program. Simply put, it is designed specifically for coaching developers and rewarding them for achievements, contributions and generous acts within the developer community. This is a huge partnership between Enjin and Microsoft!

VRJAM

The ultimate entertainment Virtual Reality Metaverse is home to the Enjin platform. VRJAM is a music & party-focused Metaverse in which users can create an avatar to enjoy parties, gigs, DJ sets and even concerts! Who knows we could see David Guetta, Marshmello or Calvin Harris make an appearance…

9Lives Arena

I don’t know about you, but I love a good PVP game. It’s even better when it is fantasy-themed, which 9Lives Arena happens to be. 9Lives Arena is a fantasy, RPG Player vs. player (PVP) game that is probably Enjin’s most competitive game.

The whole ecosystem of apps, NFTs and games are all powered by the native utility token, ENJ.

ENJ Token

ENJ is used to buy, sell, trade or mint NFTs that take place within the ecosystem.

What I also like about ENJ is that the maximum supply of tokens is in circulation, 1 Billion to be precise. Any asset that is made in the Enjin ecosystem is required to burn ENJ tokens in order to create/mint the asset. Over time, ENJ will become very scarce…

How to Buy Enjin (ENJ)

The ENJ token is available on the Ethereum and Solana networks and on 99% of major centralised exchanges.

There are two main ways to buy ENJ, but you will always go through a centralised exchange (CEX). Here are the options:

Option 1- Centralised Exchange

We recommend using one of these centralised exchanges when buying or trading the ENJ token. Here is a list of CEXs with a few delicious promotions:

Binance - The most popular CEX in the world
ByBit - EARN UP TO $30K in DEPOSIT BONUSES
BitGet - Trade on BitGet and receive 0% Deposit Cashback + $5,000 DEPOSIT BONUSES
Coinbase - Spend $100 and Get $10 back!

Option 2 - DeFi Wallet & Decentralised Exchange

To get started you will need a DeFi wallet and make sure to secure your seed phrase with a hardware wallet (Trezor):

If you are buying ENJ through your DeFi wallet, we recommend using the Ethereum network which requires ETH tokens for gas fees. Alternatively, you can use the Solana network which is cheaper in gas fees (SOL). If you haven’t set up the Ethereum/Solana networks, you can follow our YouTube tutorials down below. Here are the essential links:

Conclusion

At the time of writing, Enjin is sitting at a price of $0.22, ranked #116 on CoinMarketCap and has a market cap of $223M! The ENJ token once peaked at an all-time high of $4.84 and reached a market cap of over $3.54B!

Crypto, NFTs and Gaming are what I like to call, The Holy Trinity. Enjin is clearly ahead of its time and is prepared for the global adoption of gamers! Web3 will be the host of gaming and Enjin is the perfect gateway for users, developers and businesses to get started.