- “Play-to-earn games are gravitating to JumpNet”, says Enjin
What Is The Enjin Network?
Enjin is software that allows programmers to create and manage virtual commodities on the Ethereum network. Enjin hopes to eliminate the expensive fees and fraud associated with the transfer of virtual in-game goods and collectibles by utilizing blockchain technology to manage in-game objects across many sites. Enjin has launched software development kits (SDKs) that allow users to generate and integrate digital assets on Ethereum into games and apps. Each minted asset can be customized to meet the intended platform and is documented in a smart contract, giving the products the benefits of Cryptocurrency, such as speed, cost, and security.
Why Are Play-To-Earn Games Gravitating To JumpNet?
Enjin announced on its official Twitter handle that play-to-earn games like Kingdom carnage are gravitating towards JumpNet for free NFT transactions. If you have been following the NFT Marketplace closely, you would know the expensive Gas fee could be a turn-off for creators and buyers.
Free-to-play games like @kingdom_karnage are gravitating to JumpNet for free NFT transactions.
Now, smart contracts are boosting their #PlaytoEarn economies, enabling the creation of valuable in-game currencies.
— Enjin | We're Hiring! (@enjin) October 14, 2021
JumpNet believes that NFTs should be able to everyone (businesses, creators and individuals). By using JumpNet, users can now experience the mainstream market demands.
The following cutting-edge features are included in JumpNet:
- Enjin Coin (ENJ) can be moved between Ethereum and JumpNet using the Enjin Wallet
- Users can send and receive ENJ and ERC-1155 tokens for free using the Enjin Wallet
- Users can use the Enjin Platform to create ERC-1155 tokens with no need for gas
- To trade ERC-1155 tokens without paying gas fees, Users need to visit the Enjin Marketplace
Future Prospects Of Enjin
Enjin has become the first Cryptocurrency to get whitelisted in Japan, signaling its scalability. It has been given the official nod by the Japan Virtual Currency Exchange Association, a self-regulatory body. With the launch of JumpNet, it further expands the use cases of Enjin, thus increasing its market price and capitalization. It was gathered that on the 31st of March, 2021 that Enjin raised about $19 million to build a Polkadot-based blockchain for NFTs. By dabbling into NFTs, Enjin would increase use cases for users.
Enjin also recently launched what is known as the Enjinstarter. The Enjin starter was designed as the world’s first dedicated blockchain gaming launch pad focusing on helping game development studios embrace the Enjin ecosystem. The Enjinstarter project has had a lot of backers and angel investors, including AU21 Capital, ThreeM Capital, Angel One, 6k Starter, Momentum 6, and Starter Capital.
Enjin is currently priced at $1.55 and has a market cap of $2,429,637,278,514 according to Coin Market Cap.