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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-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.
Gemini said that this decision comes amid its efforts to support projects that redefine the boundaries of finance, gaming, and art, and offer more financial independence.
The U.S. branch of Binance is exploring the potential of such cryptos as Tezos (XTZ), Komodo (KMD), TRON (TRX), NEM (XEM), OmiseGo (OMG), Ontology (ONT), Icon (ICX), and Enjin Coin (ENJ).
Blockchain gaming project Enjin can now boast a high-profile partnership with Microsoft Azure that relied on Enjin’s technology to create Azure Heros, a reward system for active community participants.
ERC-1155 is widely considered a successor to the ERC-20 and ERC-721 token standards given that it can be used to mint both fungible and non-fungible tokens that are more powerful, efficient, and standardized than those minted with its predecessors.
ERC-1155 tokens are now public, transparent, and freely browsable on EnjinX – providing a universal library of next-generation Ethereum blockchain assets.
