#Project haven enjin drivers

Cross-game assets вЂ“ developers can create NFTs used across different games, increasing the value of these assets for the player.

Batch transactions вЂ“ multiple NFTs can be transferred within a single transaction.

Enjin SDKs вЂ“ these development kits allow programmers to easily integrate the ENJ protocol in all types of games, including role-playing games, collectibles, etc.

The ecosystem is quite versatile and brings the following benefits to its users:

Melting NFTs вЂ“ NFTs created with ENJ can be destroyed and their value recovered in the form of ENJ tokens.ДЄll in all, ENJ is a multipurpose cryptocurrency, ideal for creating and managing NFTs.Д«efore we go further with our Enjin Coin price prediction, letвЂ™s have a look at the main pros and cons of the project.

Consequently, developers have the freedom to choose between ENJ or creating fungible tokens using ERC-1155.

In-game use вЂ“ ENJ can be integrated within the games themselves to serve as an in-game currency or reward.

As such, the system automatically assigns the value in ENJ tokens locked in the smart contract to each NFT.

Mint new NFTs вЂ“ developers or users need to pay with ENJ to create new digital assets on the blockchain.

However, the use cases within its ecosystems are far more interesting. Like with any other cryptocurrency, users can buy and sell Enjin to make profits speculating on its price. This effectively leads to a metaverse where the gaming economy could depend on this type of smart contract alone. For example, they can program them so that the owners can rent, combine, loan, or even destroy the NFTs in their possession. The smart contract itself has advanced features, which allows developers to define complex interactions with the NFTs. At the same time, the blockchain records the other unique items or characters as NFTs.

This is especially useful in games, as developers can create the in-game currency (e.g. Unlike the original ERC-721 protocol which allows the creation of non-fungible tokens, ERC-1155 offers the possibility to mint both fungible and non-fungible tokens in the same smart contract. How did Enjin innovate the NFT ecosystem?Д®njin brought one of the biggest advancements to the NFT environment in recent years вЂ“ the ERC-1155 smart contract protocol. However, there was one major advancement that separated Enjin from other projects of its type. Next came the SDKs, which allowed developers to integrate Enjin NFTs into their games. More importantly, it offered a one-stop shop for managing popular cryptocurrencies, ERC-20 tokens as well as NFTs created on its protocol. At the time, it was one of few mobile wallets to offer non-custodial management coupled with integrated decentralized exchanges such as Changelly.

Their first functioning product was the revolutionary Enjin wallet. Consequently, players could resell their hard-earned items or characters on the open marketplace and make profits through this mechanism. This would allow them to have proof of ownership of everything they accomplished in their favorite game. The initial idea was to provide a platform where gamers could manage in-game items as NFTs. The projectвЂ™s goal appealed to investors as it was one of the first blockchain solutions focusing on gaming. So letвЂ™s delve in, shall we?Д®njin Coin was launched in 2017 by co-founders Maxim Blagov and Witek Radomski through a successful ICO that brought in $19 million in funding.

Additionally, we cover developments in its ecosystem that could have an impact on the price, as well as the NFT market as a whole.ДЇinally, we will apply these findings and combine them with some sound technical analysis to give you the most accurate ENJ price prediction possible. We analyze Enjin CoinвЂ™s fundamentals and lay out the pros and cons of this project. In this article, we provide a thorough Enjin Coin price prediction. Consequently, many blockchains that focus on NFTs have grown considerably in value since the beginning of the cycle.

#Project haven enjin drivers

That said, one of the biggest market drivers was the emergence of NFTs. Then, the evolution of the DeFi market provided additional opportunities to make passive income.

The institutional interest in Bitcoin brought the entire market more legitimacy. In the current market cycle, there have been many factors that contributed to the price increase of cryptocurrencies.