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What Is It
Enjin Network is an Ethereum-based platform creating the building blocks for blockchain-based gaming and their respective economies. It was launched in 2017 and has helped take decentralized gaming and NFTs to another level. Enjin’s vision is to develop virtual worlds of the future, along with a high-powered infrastructure for NFT and decentralized gaming!
Enjin allows gaming developers to easily integrate and take advantage of ‘blockchain qualities’ into their games without writing any blockchain code. Enjin has created its own unique token standard, ERC-1155, and is far more versatile and sophisticated than the ERC-20 and 721 standards. This proves a superior standard for blockchain gaming. However, Enjin’s native token is ENJ, an ERC-20 token that is used as a utility token for various operations in the ecosystem. Finally, of course, let’s not forget about Efinity (EFI), Enjin’s metaverse that has been absolutely crushing it in the space since its launch in Q4 of 2021.
