{"id":5505,"date":"2023-09-27T10:23:07","date_gmt":"2023-09-27T10:23:07","guid":{"rendered":"https:\/\/realacademy.io\/?p=5505"},"modified":"2023-09-27T10:23:09","modified_gmt":"2023-09-27T10:23:09","slug":"enjin","status":"publish","type":"post","link":"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/","title":{"rendered":"ENJIN"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5505\" class=\"elementor elementor-5505\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fdaa23 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fdaa23\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ad7af19\" data-id=\"ad7af19\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-896f84b elementor-widget elementor-widget-image\" data-id=\"896f84b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"894\" height=\"400\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ENJ_ALL_graph_coinmarketcap.jpg\" class=\"attachment-large size-large wp-image-5509\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ENJ_ALL_graph_coinmarketcap.jpg 894w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ENJ_ALL_graph_coinmarketcap-300x134.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ENJ_ALL_graph_coinmarketcap-768x344.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ENJ_ALL_graph_coinmarketcap-510x228.jpg 510w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Enjin price action since launch<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54db5b6 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"54db5b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Enjin Price Stats<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f461116 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"f461116\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>\n<p><span style=\"font-weight: 400;\">Market Cap:<\/span><span style=\"font-weight: 400;\">\u00a0 $1,440,250,301<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Circulating Supply:\u00a0 934,340,659<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Supply Cap:\u00a0 1,000,000,000<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All Time High: $4.82<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">November 25, 2021<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All Time Low:\u00a0 $0.01865964 <\/span><span style=\"font-weight: 400;\">November 12, 2017<\/span><\/p>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38ef51e blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"38ef51e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A Brief History of Enjin<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3f575f blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"a3f575f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is the \u201clargest gaming community platform online\u201d with over 250,000 gaming communities and 18.7 million registered gamers. The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits (SDKs) that developers can integrate into their games and communities. Bringing blockchain to gaming helps to reduce the high fees and fraud that are prevalent in the transfer of virtual goods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Founded in 2009, Enjin has roots in the gaming industry, with the company\u2019s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade. In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token debuted on crypto markets in late 2017 at a price of around $0.02.\u00a0 Although it managed to touch $0.46 at the beginning of 2018, it returned below $0.03 during the course of the year, before rising again to $0.2 in March 2019.\u00a0 With the exception of a spike to $0.24 in August, the price always stayed around or below $0.2 throughout the course of 2020, which closed at $0.13.\u00a0 It is now worth $2.26, or 1,638% higher than at the end of last year.\u00a0 The biggest jump, however, occurred in March 2021. Enjin Coin can be purchased on <a href=\"https:\/\/coinmarketcap.com\/alexandria\/article\/what-are-cryptocurrencies\">cryptocurrency<\/a> exchanges such as <a href=\"https:\/\/coinmarketcap.com\/exchanges\/binance\/\">Binance<\/a>, <a href=\"https:\/\/coinmarketcap.com\/exchanges\/bithumb\">Bithumb<\/a>, <a href=\"https:\/\/coinmarketcap.com\/exchanges\/uniswap-v2\">Uniswap (V2)<\/a> and <a href=\"https:\/\/coinmarketcap.com\/exchanges\/balancer\">Balancer<\/a>, among others. It can be traded against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\">Bitcoin<\/a> and <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\">Ether<\/a>, and <a href=\"https:\/\/coinmarketcap.com\/alexandria\/article\/what-is-a-stablecoin\">stablecoins<\/a> such as <a href=\"https:\/\/coinmarketcap.com\/currencies\/tether\/\">Tether<\/a> (USDT) and <a href=\"https:\/\/coinmarketcap.com\/currencies\/usd-coin\">USD Coin<\/a> (USDC). It can be bought and sold on both spot and derivatives markets.<b><i>\u00a0 <\/i><\/b><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28905f6 elementor-widget elementor-widget-image\" data-id=\"28905f6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"574\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/founders-1024x576-1.png\" class=\"attachment-large size-large wp-image-5625\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/founders-1024x576-1.png 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/founders-1024x576-1-300x169.png 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/founders-1024x576-1-768x432.png 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/founders-1024x576-1-510x287.png 510w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Maxim Blagov and Witek Radomski - Co-founders of Enjin<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-894de1c blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"894de1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Enjin Team<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd3bd96 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"dd3bd96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Enjin was founded as a gaming community platform in 2009 by Maxim Blagov and Witek Radomski, with Blagov becoming CEO and assuming responsibility for the creative direction of the company and Radomski serving as a chief technical officer, responsible for the technical development of its products. Blagov has <\/span><a href=\"https:\/\/www.linkedin.com\/in\/maxim-blagov\/\"><span style=\"font-weight: 400;\">described<\/span><\/a><span style=\"font-weight: 400;\"> himself as having experience in creative direction, marketing, and software project management and design. The idea of introducing blockchain to Enjin was first proposed by Radomski after he became interested in <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> (BTC) in 2012, eventually <\/span><a href=\"https:\/\/www.investvoyager.com\/blog\/crypto-talk-radomski\/\"><span style=\"font-weight: 400;\">convincing<\/span><\/a><span style=\"font-weight: 400;\"> the company to accept it as a payment option. After learning about Ethereum and <\/span><a href=\"https:\/\/coinmarketcap.com\/alexandria\/glossary\/smart-contract\"><span style=\"font-weight: 400;\">smart contracts<\/span><\/a><span style=\"font-weight: 400;\">, he decided he wanted to create his own blockchain-integrated software. Radomski is also the author of the ERC-1155 token standard, a new standard for Ethereum-issued tokens that was <\/span><a href=\"https:\/\/blog.enjin.io\/erc-1155-crypto-item-standard\/\"><span style=\"font-weight: 400;\">introduced<\/span><\/a><span style=\"font-weight: 400;\"> in June 2018, <\/span><a href=\"https:\/\/blog.enjin.io\/erc-1155-token-standard-ethereum\/\"><span style=\"font-weight: 400;\">finalized<\/span><\/a><span style=\"font-weight: 400;\"> in June 2019, and is used for minting both fungible and nonfungible tokens.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4124a17 elementor-widget elementor-widget-image\" data-id=\"4124a17\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"574\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK-1024x576.jpeg\" class=\"attachment-large size-large wp-image-5626\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK-1024x576.jpeg 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK-300x169.jpeg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK-768x432.jpeg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK-510x287.jpeg 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network-VH2jcK.jpeg 1280w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-737351d elementor-widget elementor-widget-text-editor\" data-id=\"737351d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Advanatages of Enjin<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e08462 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"0e08462\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>\n<p><span style=\"font-weight: 400;\">ROIs: <\/span><span style=\"font-weight: 400;\">One of the main reasons that a firm would want to include Enjin digital assets in its gaming platform is that it provides real ROI opportunities. In the past, players would spend hours building up characters. When they were done playing the game, these characters would be relegated to oblivion. Now, these users can get paid for all of their efforts. Build up your character and sell or trade it on the marketplace to earn profits. <\/span><span style=\"font-weight: 400;\">Enjin\u2019s approach is also beneficial to developers. For one, it provides them with an easy way to integrate additional monetization options. Users are more willing to pay for assets when they know they can resell them in the future. The very chance of appreciation can also help developers charge more for their in-game assets.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">The Choice is Yours \u2013 Enjin (ENJ): <\/span><span style=\"font-weight: 400;\">Developers are excited to learn that Enjin supports the integration of an excellent selection of coins. The protocol supports Bitcoin, Ethereum, Binance Coin, Litecoin, Enjin Coin, and ERC-20, ERC-721, and ERC-1155 tokens. Developers can use Enjin to weave these coins seamlessly within their digital landscapes. Imagine a gamer\u2019s delight when they stumble upon a Bitcoin while exploring. Now imagine the hype this windfall would bring to the game\u2019s community. <\/span><span style=\"font-weight: 400;\">Along the same line of thought, Enjin streamlines the entire payment process. Rather than going through the red tape and delays of integrating fiat payment processes into games, developers can now charge for features using cryptocurrency. <\/span><span style=\"font-weight: 400;\">This strategy brings with it more efficiency and fewer fees. Game developers can reach a global audience and receive their payments in near real-time. In this way, Enjin eliminates the middleman and enables developers to provide more options.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Scalability: <\/span><span style=\"font-weight: 400;\">Scalability was a serious concern for Enjin\u2019s development team. To be able to operate across huge gaming networks, the blockchain needed to be able to handle thousands of transactions per second. To accomplish this task, Enjin introduces a Proof-of-Stake mechanism that validates blocks every six seconds.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Enjin (ENJ) \u2013 NFTs: <\/span><span style=\"font-weight: 400;\">Enjin has taken a focus on the integration of Non-Fungible Tokens (NFTs) into the gaming sector. As part of this strategy, the network provides developers with tools to mint one-of-a-kind NFTs that can be authenticated on the blockchain. The group also formed an alliance with <\/span><a href=\"https:\/\/ludenaprotocol.io\/eng\/enjin\"><span style=\"font-weight: 400;\">Ludena Protocol<\/span><\/a><span style=\"font-weight: 400;\">, the publisher of the social gaming platform <\/span><a href=\"https:\/\/www.ludenaprotocol.io\/eng\/#gametalktalk\"><span style=\"font-weight: 400;\">GameTalkTalk<\/span><\/a><span style=\"font-weight: 400;\"> recently. The goal of the partnership is to boost NFT awareness in South Korea.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Staking: <\/span><span style=\"font-weight: 400;\">ENJ stakers earn fees for helping to secure the network. These fees are derived from a percentage of the network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees. When you stake your ENJ you agree to leave it locked in a network smart contract for a preset time. You receive rewards in the form of cryptocurrency for your participation These rewards are based on the number of tokens you stake.<\/span><\/p>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21ea696 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"21ea696\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Disadvantages of Enjin<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edfc5ba blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"edfc5ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the price of ENJ falls too low, you could lose money by staking it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You need to have some technical knowledge to be able to stake ENJ.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is always the risk that the Enjin network could be hacked or attacked, which would lead to a loss of your staked ENJ.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Overall, staking ENJ is a good way to earn extra income. However, you need to be aware of the risks involved before deciding to do it.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aae474 elementor-widget elementor-widget-image\" data-id=\"1aae474\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"605\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-1024x607.png\" class=\"attachment-large size-large wp-image-5627\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-1024x607.png 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-300x178.png 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-768x455.png 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-1536x911.png 1536w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-2048x1215.png 2048w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Group-3393-510x302.png 510w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c4ada9 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"4c4ada9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Use Cases of Enjin<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b74066 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"6b74066\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Enjin\u2019s main use case is to enable users to manage and store virtual goods for games.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These can range from in-game currencies to tokens representing unique game items like swords or accessories for characters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To create and destroy in-game items, developers complete the following five steps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Acquisition \u2013 Developers buy ENJ\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minting \u2013 Developers design in-game items using the purchased ENJ<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gaming \u2013 Players acquire tokens and use them in-game for various functions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trading \u2013 Players trade tokens among each other<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Melting \u2013 Players sell tokens for ENJ.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Enjin team has built a variety of SDKs to enable these functionalities, which include kits focused on wallets and payment platforms. (These SDKs minimize the cost and complexity of creating virtual goods by offering common functionalities for creating these items.)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conjunction with their SDKs, Enjin has also created application programming interfaces (APIs) to help deploy these items in the game.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e1b0c3 elementor-widget elementor-widget-image\" data-id=\"4e1b0c3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"662\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF-1024x665.jpg\" class=\"attachment-large size-large wp-image-5629\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF-1024x665.jpg 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF-300x195.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF-768x499.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF-510x331.jpg 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Dc_FNUTW0AAfVZF.jpg 1155w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Interface and some features of enjin smart wallet<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0161d0c blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"0161d0c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Enjin Smart Wallet<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c40ce5 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"0c40ce5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Enjin has its own native wallet where players can store and trade items, and that connects all of the platform\u2019s features together.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The wallet allows users to:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assess their inventory, enabling them to connect to multiple games and use their items within each platform.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transact between themselves through the Enjin wallet, meaning that they can trade coins and items outside of the gaming environment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sell their digital goods for ENJ.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d82c7e blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"8d82c7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Summary<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51b6c6a blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"51b6c6a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>ENJ enables developers to mint items for gaming environments on the Enjin platform. In order to mint virtual goods, developers have to lock ENJ into a smart contract, thus assigning a value to the item. When a player acquires these items, they can either use them in games, trade them to others or sell them for ENJ, in accordance with the original minting cost. Enjin may be of interest to any developer seeking to create new kinds of in-game assets, as they need to purchase ENJ to create assets on Enjin, investors may also find ENJ of interest should they want to gain exposure to a more transparent way to interact with digital goods for gaming.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09bc046 elementor-widget elementor-widget-text-editor\" data-id=\"09bc046\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Sources:<\/em><\/p>\n<p><a href=\"http:\/\/www.coingecko.com\/en\/coins\/enjin-coin\">www.coingecko.com\/en\/coins\/enjin-coin<\/a><\/p>\n<p><a href=\"http:\/\/coinmarketcap.com\/currencies\/enjin-coin\/\">coinmarketcap.com\/currencies\/enjin-coin\/<\/a><\/p>\n<p><a href=\"http:\/\/en.cryptonomist.ch\/2021\/03\/26\/the-incredible-price-performance-of-enjin-coin\/\">en.cryptonomist.ch\/2021\/03\/26\/the-incredible-price-performance-of-enjin-coin\/<\/a><\/p>\n<p><a href=\"http:\/\/www.coingecko.com\/en\/coins\/enjin-coin\">www.coingecko.com\/en\/coins\/enjin-coin<\/a><\/p>\n<p><a href=\"http:\/\/coinmarketcap.com\/currencies\/enjin-coin\/\">coinmarketcap.com\/currencies\/enjin-coin\/<\/a><\/p>\n<p><a href=\"http:\/\/coinmarketcap.com\/currencies\/enjin-coin\/\">coinmarketcap.com\/currencies\/enjin-coin\/<\/a><\/p>\n<p><a href=\"http:\/\/www.securities.io\/investing-in-enjin-enj-everything-you-need-to-know\/\">www.securities.io\/investing-in-enjin-enj-everything-you-need-to-know\/<\/a><\/p>\n<p><a href=\"http:\/\/www.kraken.com\/en-us\/learn\/what-is-enjin-enj\">www.kraken.com\/en-us\/learn\/what-is-enjin-enj<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ENJ enables developers to mint items for gaming environments on the Enjin platform.  In order to mint virtual goods, developers have to lock ENJ into a smart contract, thus assigning a value to the item. When a player acquires these items, they can either use them in games, trade them to others or sell them for ENJ, in accordance with the original minting cost.  Enjin may be of interest to any developer seeking to create new kinds of in-game assets, as they need to purchase ENJ to create assets on Enjin, investors may also find ENJ of interest should they want to gain exposure to a more transparent way to interact with digital goods for gaming.<\/p>\n","protected":false},"author":1,"featured_media":5506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ENJIN - Real Crypto Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ENJIN - Real Crypto Academy\" \/>\n<meta property=\"og:description\" content=\"ENJ enables developers to mint items for gaming environments on the Enjin platform. In order to mint virtual goods, developers have to lock ENJ into a smart contract, thus assigning a value to the item. When a player acquires these items, they can either use them in games, trade them to others or sell them for ENJ, in accordance with the original minting cost. Enjin may be of interest to any developer seeking to create new kinds of in-game assets, as they need to purchase ENJ to create assets on Enjin, investors may also find ENJ of interest should they want to gain exposure to a more transparent way to interact with digital goods for gaming.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Crypto Academy\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T10:23:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T10:23:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/unnamed-file.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"asjad9529\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Im100XReal\" \/>\n<meta name=\"twitter:site\" content=\"@Im100XReal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"asjad9529\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\"},\"author\":{\"name\":\"asjad9529\",\"@id\":\"https:\/\/realacademy.io\/#\/schema\/person\/58eddc1519cba371f497073e514a92a8\"},\"headline\":\"ENJIN\",\"datePublished\":\"2023-09-27T10:23:07+00:00\",\"dateModified\":\"2023-09-27T10:23:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\"},\"wordCount\":1435,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/realacademy.io\/#organization\"},\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\",\"url\":\"https:\/\/realacademy.io\/index.php\/2023\/09\/27\/enjin\/\",\"name\":\"ENJIN - 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