Altcoins News

Story: Enjin Coin Believe in Virtual Worlds of Tomorrow Evolving to Interconnected Digital Reality

By Maheen Hernandez

1 / 9

Efinity will supercharge the utility of Enjin Coin by incentivizing minting and providing rewards for staking ENJ.

2 / 9

Enjin claims to be re-defining the virtual worlds.  Enjin powers a lot of projects like pioneering games, apps and projects, which are created by talented developers and…

3 / 9

The multi-token standard of Enjin makes it possible to mint an infinite number of both fungible and non-fungible tokens using just a single deployed smart-contract.

4 / 9

Claiming to create the next-generation blockchain assets, Enjin points to how ERC-1155 is the only token standard, which makes it possible for users to create every type of…

5 / 9

Users will thus be able to cut down on their gas fees by 90% when they are minting new tokens.

6 / 9

Atomic Swaps, enables any amount of tokens in just two simple steps.  When it comes to adoption, it is very obvious that ERC-1155 is getting used by several types of games…

7 / 9

For those who do not know, ERC-1155 is a new standard which represents virtual items on the Ethereum blockchain which permits the creation of several types of tokens using the…

8 / 9

Enjoin Coin gets infused into NFTs by making use of a process called minting.  Further, this process can be reversed and every NFT can be melted back into coin.

9 / 9

Since Enjin Coin has real value all the NFTs that are created with it have real-life value too. Since these NFTs exist on the blockchain it makes them very powerful.

The Currency Analytics

Want the full story?