Enjin (ENJ): Price Updates, Recent Developments, Community, Future Events
- Enjin joined the Crypto Climate Accord and vouches for carbon-neutral NFTs.
- Enjin launched Efinity to incentivize cross-chain NFT usage, making NFTs interoperable, scalable, and secure.
- ENJ has grown by more than 50% since July’s 20th low.
Digital economies have become the trademark of the younger generation, where digital in-game assets hold both financial and inherent value. The total value of the gaming industry now exceeds $300 billion, but player affairs are still disconsidered. Gaming assets such as skins and avatars can be transacted within the marketplace, but lose value outside of their individual ecosystem. Enjin, the blockchain for the gaming industry, has grown since 2009 to establish tokenized support for gamers.
Making NFTs Smarter & Greener
The idea of tokenizing the virtual world, to add value in the real world, incentivized blockchain advocates to understand the underlying value of the technology. NFTs, and the idea of digital ownership, can revolutionize the gaming industry if the economic value manages to transcend network individuality, making them game agnostic.
Founded in 2009, and known for their partnership with Microsoft when launching Azure Heroes before the NFT hype took the central stage, Enjin supported developers to release in-game NFT tokens on the Ethereum blockchain. In the interim, Enjin launched JUMPNet to combat the existing environmental concerns related to NFT minting.
The company emphasized that 50 projects have already joined JUMPNet, including crypto exchanges like Binance, OKEx, and minting NFTs. In short, JUMPNet is an Ethereum sidechain that allows free, “on-chain transactions” of Enjin Coin and ERC-1155 tokens.
Furthermore, Enjin joined the Crypto Climate Accord and aims to achieve near-zero carbon emission by 2030. Enjin followed up