Enjin Coin is an Ethereum-based cryptocurrency used to directly back the value of next-gen NFTs.
- What is Enjin Coin?
Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to directly back the value of next-gen NFTs.
ERC-1155: The Multi Token Standard
Bleeding-edge token standard used to mint fungible and non-fungible tokens—in a single smart contract.
- Who is the Team behind Enjin Coin?
Some core members of the team include the following:
Maxim Blagov – Chief Executive Officer
Witek Radomski – Chief Technical Officer
Caleb Applegate – Chief Operating Officer
Ilija Rolovic – Chief Marketing Officer
- How was Enjin Coin launched?
Enjin was originally established in 2009 when it launched the Enjin Network, a community gaming platform. Still operational today, the Enjin Network service enables individuals to build websites, forums, and apps for gamers.
The company pivoted into the blockchain industry in 2017 following an Initial Coin Offering (ICO) that raised $18.9 million. Since the launch of its ERC-20 token, Enjin Coin (ENJ), the firm has since built out its own set of blockchain tools and services. In January of 2018, the gaming firm released the own android version of its blockchain wallet, the Enjin Wallet. A few months later the firm released an iOS version of its Enjin wallet.
During the summer of 2018, Enjin officially launched its Enjin Platform on the Ethereum mainnet is also compatible with the Kovan Testnet. The Enjin Platform is a platform as a service that allows other game developers to issue fungible and non-fungible assets as in-game Ethereum tokens. That same year, Enjin proposed a new ERC token standard – ERC-1155 – which was approved in 2019 and now implemented in its current software.