Enjin crypto news

At the cutting edge of the mash-up of crypto and gaming are crypto projects Decentraland and Enjin. For the new breed of crypto investors that places a premium on fundamentals rather than obsessing over speculative price potential, they deserve attention. Decentraland, founded by Argentinian Esteban Ordano, is a decentralised virtual world in which you can buy parcels of LAND sized 10m x 10m. The currency of the world is MANA. It is launching its second LAND auction next week 10 December and there are only 9, parcels up for grabs. Total parcels in the world are capped at 90,

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Content:

• Enjin price prediction: Can it set new high scores?
• Enjin to launch headquarters in Bloktopia metaverse
• Blockchain and Cryptocurrency Updates
• Top Gaming and Metaverse Cryptos for 2022
• Why Metaverse Cryptos Decentraland, Alien Worlds, Enjin Coin Plummeted Saturday Morning
• The liquidity protocol
• Coin enjin
• Decentraland, Enjin Coin, and Fantom Decline on Crypto Metaverse Sell-off

WATCH RELATED VIDEO: Enijn Price Prediction - BIG NEWS! \u0026 Enjin Coin! - Enjin Coin Price Prediction!

Enjin price prediction: Can it set new high scores?

Please change the wallet network. Change the wallet network in the MetaMask Application to add this contract. Enjin Coin. United States Dollar. Enjin Coin is down 6. It has a circulating supply of ,, ENJ coins and a max. You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of Enjin. Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain -based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July , and it launched on the Ethereum mainnet in June Minting blockchain assets with ENJ provides a variety of benefits to creators and users:. The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

In following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. Enjin was founded as a gaming community platform in by Maxim Blagov and Witek Radomski, with Blagov becoming CEO and assuming responsibility for the creative direction of the company and Radomski serving as chief technical officer, responsible for the technical development of its products.

Blagov has described himself as having experience in creative direction, marketing, and software project management and design. The idea of introducing blockchain to Enjin was first proposed by Radomski after he became interested in Bitcoin BTC in , eventually convincing the company to accept it as a payment option. After learning about Ethereum and smart contracts , he decided he wanted to create his own blockchain-integrated software. Radomski is also the author of the ERC token standard, a new standard for Ethereum-issued tokens that was introduced in June , finalized in June , and is used for minting both fungible and nonfungible tokens.

According to co-founder Radomski, Enjin Coin is unique in that every token minted with Enjin Platform, the company's blockchain asset development platform that launched in February , is directly backed by ENJ, giving in-game items real-world liquidity. Similarly, Blagov has stated that the company is focused on adoption, saying he imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. Enjin Coin uses a series of smart contracts to which game developers send ENJ to mint new, unique fungible or nonfungible ERC tokens.

These tokens can be traded on the Enjin Marketplace, which launched in September , or exchanged for their backing ENJ at any time. As more custom tokens are minted, more ENJ is removed from the ecosystem, thus making it scarcer. According to its whitepaper , Enjin Coin uses a series of both on-chain and off-chain processes. When a transaction is completed within the Enjin ecosystem, a Trusted Platform contacts the users' smart wallets, and the website or game is updated immediately with a placeholder or nontradable version of the digital item until the transaction has been validated by the Ethereum blockchain.

Learn about Decentraland , a virtual world where land ownership is backed by cryptocurrency. Learn about Atari Token , the cryptocurrency project by iconic video game producer Atari.

Want to know more about initial coin offerings? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource. Stay up to date on how blockchain is disrupting the gaming industry with the CoinMarketCap Blog. Enjin Coin has a fixed maximum supply of 1 billion tokens.

However, as the ecosystem grows and more ENJ is locked into in-game digital assets, the number of coins actually circulating will decrease. Tokens that were not sold during the ICO were locked for six months to be later used for community initiatives and marketing. Team member tokens were locked for the first six months and vested over a period of 24 months, while advisor tokens were locked for two months and fully released afterward.

Enjin Coin is an ERC token issued on the Ethereum blockchain, meaning that any on-chain ENJ transactions are validated and secured by the Ethereum network using a proof-of-work consensus algorithm. Miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted. The underlying smart contracts that power Enjin Coin have undergone several audits, including by Ethereum developer Matthew Di Ferrante in September , smart-contract auditor and developer ZK Labs in early , and Castillo Network in July In October , Enjin launched a bug bounty program via information security company HackerOne.

Enjin Coin can be purchased on cryptocurrency exchanges such as Binance , Bithumb , Uniswap V2 and Balancer , among others. It can be traded against fiat currencies such as the U.

It can be bought and sold on both spot and derivatives markets. Are you interested in buying ENJ or other cryptocurrencies such as Bitcoin?

CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins. Cryptocurrencies Tokens Enjin Coin. Enjin Coin ENJ. Rank Market Cap. Fully Diluted Market Cap. Volume 24h. Circulating Supply. Max Supply. Total Supply. Buy Exchange Gaming Earn Crypto. Enjin Coin Links. Ethereum 0xf Enjin Coin Contracts.

Solana EXExWv Please change the wallet network Change the wallet network in the MetaMask Application to add this contract. I understand. Enjin Coin Tags. Industry Media. Platform Ethereum Ecosystem. Trade Now Sponsored. Minting blockchain assets with ENJ provides a variety of benefits to creators and users: Infuses them with a reserve value Ensures their transparency and scarcity Gives them instance liquidity Provides utility in games and apps Anti-inflationary Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

Who Are the Founders of Enjin Coin? What Makes Enjin Coin Unique? Related Pages : Learn about Decentraland , a virtual world where land ownership is backed by cryptocurrency. Earn Now! People Also Watch.

Enjin to launch headquarters in Bloktopia metaverse

Cryptocurrencies have caused a lot of FUD fear, uncertainty and doubt lately. Once again the cryptocurrency market proved to be highly volatile. Since bitcoin has been struggling to maintain its bullish traction, a plethora of new altcoins show a strong potential for multi-bagger profits. In this article, we discuss the two newest cryptocurrencies that have the potential to grow over time. The cryptocurrency universe never fails to amaze. A new name has recently entered the list of the newest cryptocurrencies to watch and quickly became one of the most talked-about coins on the market.

Blockchain and Cryptocurrency Updates

The non-fungible tokens NFTs have become a huge part of the crypto markets, aided by many crypto companies working and developing crypto projects. One of the most interesting NFT projects that have gained a lot of attention recently is the Enjin ecosystem. Read on to know more about the Enjin project and Enjin Coin price prediction. Crypto price predictions can be difficult as nobody can accurately predict the crypto markets. Fortunately, many crypto experts have given predictions for Enjin Coin. However, crypto price predictions should be taken with a grain of salt. The Enjin platform is one of the most interesting NFT projects out there right.

Top Gaming and Metaverse Cryptos for 2022

While sentiment in the crypto market has improved dramatically over the past few days, some coins have managed to ride this positive wave and are experiencing exceptional growth. But does this uptrend still have enough room to continue? Well check out these highlights. The coin is also trading above all crucial DMAs, including the 50, , and day moving averages.

Why Metaverse Cryptos Decentraland, Alien Worlds, Enjin Coin Plummeted Saturday Morning

As we hop on to , there's a lot more to look forward to and one such crypto sector which is expected to blossom in the coming year is the world of Web 3. This five-part series will help you with a deeper understanding of the broadening crypto space and its elements. In the previous edition, we covered the top Web 3. Today, let's talk about the top Gaming and Metaverse Cryptos for The metaverse is a "parallel digital universe" where you can create your digital avatar and work, travel, learn, play, and party! The metaverse is actually quite an old concept.

The liquidity protocol

They have also enabled IDOs on various chains and we believe that the market needs would require projects to be cross-chain. The token distribution, which will be hosted concurrently on other launchpads as well, will enable the platform to perform efficiently, encourage quality projects and infrastructure to be built in the long term, creating an ecosystem token that is focused on creating value for the community. Non-Fungible Tokens NFTs are revolutionizing how value can be further added and transferred in the gaming industry. While the platform will allow projects to raise capital fairly and transparently, NFTs are at the core of Enjinstarter and it will showcase how NFTs can catalyze a new era in digital ownership. Starter consists of four separate branches: venture arm Starter.

Coin enjin

CoinMarketCap takes a deep dive into Enjin ENJ a decentralized platform for gamers and content creators that empowers them to manage, distribute, and trade virtual products. Enjin technology underpins a holistic ecosystem used for creating NFTs, gaming, and other distributed apps. Enjin's parent firm provides numerous blockchain products, including a marketplace, wallet, and developer platform based on Enjin Coin. ENJ can be bought and sold in exchange for fiat money or other digital currencies.

Decentraland, Enjin Coin, and Fantom Decline on Crypto Metaverse Sell-off

ENJ Price Calculator. Binance has the lowest transaction fee rate amongst all major trading platforms. The highest and lowest price paid for this asset in 24 hours. All Time High. The highest price paid for this asset since it was launched or listed.

However, at the time of writing, Enjin Coin ENJ looked towards a recovery noting higher daily gains than the larger market. Well, until the third quarter, most of the aforementioned Metaverse tokens strictly adhered to the broader market trend. But now, a couple of other factors are responsible for the sudden rise in price for Enjin as the larger market looks relatively weak. In tandem with prices, social volumes for ENJ rose even though they were still lower as compared to the November high. Further, the deposit transactions have been more inclined towards their respective low sides of late as spikes in the metric usually indicate a hike in short-term sell pressure. The larger price trend for Enjin Coin still looked bullish with ENJ making higher lows on the one-day chart, but there were still factors that could contribute to sell-offs in the near term.

Enjin co-founder Maxim Blagov has stated that the company is focused on adoption. He imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. This is a perfect strategy as gamers would like to play and worry less about technicalities such as the volatility of the coins used.