Enjin Coin (ENJ): What It Is — and How It’s Paving The Way For NFTs
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Enjin Coin (ENJ) is an ERC20 token that’s traded on the Ethereum blockchain. The Enjin platform’s underlying technology powers an entire ecosystem for NFTs, gaming and app distribution. Every token minted with Enjin is backed up directly by ENJ, the platform’s token. This allows users to access in-game items, and opens up new possibilities in the realm of crypto-powered blockchain gaming. In this article we’ll shed light on Enjin and the Enjin Coin.
What Is the Enjin Platform?
Founded in 2009 by CEO/Creative Director Maxim Blagov and CTO Witek Radomski, Enjin was launched as a community gaming platform and currently oversees one of the largest crypto/NFT projects worldwide. The company raised $18.9 million with its 2017 initial coin offering (ICO), and launched ENJ in 2018. Enjin is based in Singapore and works with companies to implement smart digital solutions. It has over 250,000 gaming communities and 18.7 million registered gamers under its belt.