The gaming sector has evolved from humble beginnings into a $128 billion a year industry.
In recent years massive multiplayer online games (MMOs) where players can customize their characters with game skins and purchase in-game items, have seen a massive surge in popularity.
With the game item market predicted to reach $50 billion by 2022, a major concern has emerged.
Since items are bought and stored on the game itself, they can be rendered worthless should developers choose or if the game ceases to be popular.
What is Enjin Coin?
Enjin is an all in one blockchain gaming platform built on the Ethereum network that looks to tackle the lack of transparency and trust between gamers and developers.
Enjin Coin seeks to change the ownership model of gaming assets through decentralized blockchain technology so that items are owned by the gamers themselves and not developers.
By leveraging blockchain technology, Enjin Coin also seeks to eliminate online gaming payment fraud which has blighted the industry of late.
The Enjin platform is a blockchain PaaS (Platform as a Service) that allows developers to create and manage blockchain games without having to write a single line of blockchain code.
Enjin is an all in one game development platform that consists of the Trusted Cloud, Platform API, Wallet Daemon, and Blockchain SDKs.
Trusted Cloud is a cloud-hosted service that connects games to the Ethereum network.
The Platform API facilitates the top programming languages in the world and enables developers to send commands to the Enjin Platform to facilitate in the development of blockchain games.
The Wallet Daemonallows the blockchain to handle the large volumes of transactions necessary for gaming without having to sign off on every in game transaction.
Software Development Kits (SDKs)
Enjin's SDKs have been specifically designed to provide an interface that is feature-rich and easy to navigate.
Blockchain Gaming Multiverse
Multiverse refers to an infinite array of universes where anything is possible and every possibility exists.
Enjin has created the world's first gaming multiverse, whereby multiverse items are usable across multiple gaming realms.
As you carry items between games they will form different appearances and attributes depending on what game you’re playing.
For example: Let's say you purchased a sword on Forgotten Artifacts and take it to another game, the sword will then take on a new appearance.
In traditional games, items such as skins and weapons are stored on game servers and only have value within the game itself.
Enjin Coin opens up a whole new world of opportunities by assigning items real-world value.
When developers create an asset, they do so by infusing it with Enjin Coin through a process called minting.
The process can also be reversed with the assets being melted back into coin, creating real-world value.
Enjin's smart wallet is an all in one cryptocurrency mobile wallet partnered with Samsung and designed for traders, gamers' and developers.
The Enjin wallet prioritizes security and comes with a host of top level security features such as dual encryption and Enjin's very own built in keyboard, specifically design to prevent malicious keylogger attacks.
Enjin wallet is not only secure, it is also packed with features
The wallet supports direct access to Changelly, Kyber Swap, Bancor and Coinswitch exchanges, meaning users can easily swap between hundreds of tokens from thousands of trading pairs.
Gaming items and collectibles can also be securely stored and traded by simply linking the wallet to blockchain games or apps via a code or QR scan.
The Enjin marketplace is the most user-friendly marketplaces for gaming items.
Users have access to a huge array of blockchain gaming items that can be taken anywhere you go and used in over 30 different games.
Purchases can be carried out effortlessly by scanning the QR of an item with the Enjin wallet.
To sell an item simply set a price and it will be displayed on the marketplace.
With 20 million downloads to date, Enjin has cemented it's place as the world's premier blockchain gaming platform and looks primed to benefit from the thriving virtual goods marketplace by leveraging the benefits of blockchain technology to provide true ownership of in-game items and prevent fraud.