- Enjin announces second NFT Awards.
- Blockchain Game Alliance, CoinMarketCap, Crypto.com, Decentraland among sponsors.
- The event will be held on Decentraland.
About Enjin Coin
Enjin Coin is a project of Enjin, a firm that offers an ecosystem of blockchain-based gaming products that are interconnected. Users may develop websites and clans, communicate, and run virtual goods stores using Enjin’s flagship product, the Enjin Network. After its launch in 2009, the network grew to 20 million members for a decade.
As a result of an initial coin offering (ICO), Enjin emerged as a significant player in the blockchain ecosystem in 2017. It created a collection of software solutions that made it simple for anybody to generate and manage blockchain assets and trade, distribute, and integrate them.
Witek Radomski, a co-founder of Enjin and co-author of the ERC-1155 Ethereum token standard, authored the code for one of the first non-fungible tokens (NFTs).
Game creators may tokenize in-game assets on the Ethereum blockchain using Enjin. An ERC-20 token called Enjin Coin is used to fund digital assets created on the Enjin platform. This allows products to be purchased, sold, or exchanged for real-world money.
2021 NFT Awards Powered By Enjin and Partners
Enjin took to its Twitter handle to announce the launch of the 2021 NFT Awards. The ecosystem has partnered with top crypto organizations to power this year’s ceremony, including Blockchain Game Alliance, CoinMarketCap, Crypto.com, Decentraland, Meta Hunt, Rarible, VentureBeat, and Decentralization.
Together, they aspire to light the pathway forward for creativity using blockchain technology and inspire the next generation of creators. The awards ceremony will be hosted on Decentraland on January 22, 2022. It will include ten categories, highlighting NFT initiatives that are shaping the future of human experiences.
💠 The 2021 @NFTAwards 💠
— Enjin | We're Hiring! (@enjin) October 28, 2021
The categories will include
- Best Avatar
- Best Collaboration
- Best Digital Fashion
- Best Virtual World
- Game of the Year
- VR/AR Award
- Utility Award
- Most Innovative Art
- Newcomer Game
- Project of the Year
The NFT Awards started last year to form a culture of thought leadership in the non-fungible token (NFT) community.
Speaking on the impact of the awards in the NFT community, Witek Radomski, Enjin CTO had this to say; “The annual NFT Awards were created to recognize innovation in our sector, and we are excited to do it in the Metaverse. This community-driven event will showcase and celebrate the world’s most impactful NFT projects after an outstanding year for the NFT sector, and we welcome all producers and collectors to submit their favorite creations now for consideration.”
What to expect from Enjin in the Coming Months
The Enjin Network is on a mission to make its name synonymous with gaming and NFTs, and create a product ecosystem to actualize that goal. Along with the Enjin Platform and new SDKs, they’re also working on other parts of their product ecosystem, such as the Efinity Parachain, where they’re making significant changes.
This includes the Polkadot ecosystem’s Paratoken Standard, staking, a future online wallet, and other features. Enjin Coin currently trades at $2.36, with a trading volume of $673,710,523 in the last 24 hours, according to CoinMarketCap.