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Information about Enjin Coin (ENJ)
Enjin is a company that provides an ecosystem of interconnected games based on blockchain. Enjin’s most popular product is Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item shops. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to support digital assets issued using its platform, which means items can be bought, sold, and traded for value in the real world.
To serve its gaming platform, Enjin launched the Enjin Coin (ENJ) running according to the ERC-20 standard on the Ethereum Blockchain platform, which was released by the company Enjin in 2017.
ENJ (Enjin Coin) is the electronic currency of the game development platform applying Blockchain technology to Enjin. Enjin Coin (ENJ) has two main functions in Enjin’s ecosystem, including:
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Basic Attention Token (BAT) rises by 11.18%: BAT recorded an 11.18% increase in the past 24 hours, notable for its privacy-focused advertising ecosystem. The Brave platform rewards users, aiding advertisers in reaching their audience more effectively. A 14-day RSI level of 45.54 and stable volatility suggest growth potential even as it trades slightly below the 200-day SMA.
Enjin Coin (ENJ) sees a rise of 11.03%: Enjin Coin increased by 11.03% within 24 hours, fueled by promotional free trading and NFT creation campaigns. Enjin’s blockchain gaming ecosystem enables asset tokenization in games, offering outstanding transparency and value. Free NFT creation possibilities attract new users, boosting interest.
Whale accumulated more than 169,000,000 ENJ
According to Whale Alert, on November 7th, 169,298,900 ENJ was transferred from Binance to an unknown wallet. This amount of ENJ is worth $51,387,942.
New Frontier is using Enjin NFTs to transform the tourism industry
New Frontier is leveraging the Enjin (ENJ) ecosystem to transform the multi-billion dollar tourism industry, partnering with official tourism bodies in the UK, Mexico, Spain, and New Zeleand on non-fungible tokens (NFTs) initiatives.
NFTs will be used to enhance and complement the physical visitor experience, creating an interactive digital layer that excites and engages visitors before and after their visit. These NFTs can provide real utility for visitors, including loyalty & rewards programs, games, treasure hunts, registration and booking incentives, storytelling, event access, and more.
Enjin’s Efinity becomes the first NFT parachain on Polkadot
Enjin announced launching Efinity, the first-ever NFT parachain on the Polkadot network. This is an NFT project that won Polkadot’s last parachain auction for 2021 with a fundraiser of over $214 million worth of DOT.
Efinity announced that one of the projects it will integrate will be CryptoBlades, a play-to-earn NFT RPG which has over 1.1 million active uses.
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