Sirwin
Sirwin
Enjin logo courtesy enjin.io

Enjin Keeps Popping

By BussTechno | BussTechno | 14 Mar 2021


Enjin (ENJ) has been on an absolute tear the past month and with good reason. Current price $2.44 USD; $2.01B Market Cap as of GMT 23:27. It reached ATH today of $2.61 and has been backing off since then.

I'm gonna fangirl this one (fanboy? I'm a dude, so whatever).  This is a little gem I added to my portfolio, took some profits, and have also rebought. I personally am stoked about this particular token and what they have in store over the next few weeks, months, and long term.

  • First off, they are an ERC-20 token on the Ethereum network that has established a nice moat as a dominant player in NFTs. 
  • They have secured partnerships and customers to create and/or support NFTs with companies such as Microsoft, Samsung, Atari, Ubisoft, and Binance to name a few.
  • They have an advanced ecosystem supporting blockchain game development, crypto, and software development. 
  • They have numerous games already available and use the play to earn model.  I personally believe the play to earn model is the direction everyone will be going in the future as the attention competition market continues to ramp.  I for one would have loved to been compensated for the innumerable hours I spent in Witcher-Land.

What's On the Horizon

Age of Rust

courtesy steam

March 19 is the official release of Age of Rust on Steam.  This Sci-fi action adventure thriller runs on the Enjin platform; links to your Enjin Wallet allowing you to prove ownership of in game items and NFTs, and has a $1M in game item bounty for players to find.  It also has Enjin multiverse support allowing you crossover capability with certain tokens within the platform.

JumpNet

April 6th is the release of their bridge network, JumpNet, which will allow free, instant on-chain transactions of Enjin Coin and ERC-1155 tokens. JumpNet is a private version of the Ethereum blockchain with a Proof of Authority (PoA) method of consensus, enabling instant, secure, and gasless on-chain transactions. -Enjin.io Blog 

Efinity

Slated for sometime in 2021 and to help with the Ethereum scaling issue, Efinity is an NFT-centric blockchain that will allow for cross-block token usage and transfer. Enjin claims all transactions will be frictionless.   Efinity is designed to allow any wallet, marketplace, or exchange to adopt multiple blockchains, and enable users to create and port tokens onto multiple chains—without worrying about high gas fees. - Enjin.io blog

Check out their blog link above for more in depth information.

I believe Enjin is just getting started as a company and as a token will continue to push toward the $4B Market Cap valuation this cycle. Comment below with your thoughts on Enjin and where you predict their market cap will go.

disclosure: I own Enjin Coin & Ethereum 

 

 

 

 

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BussTechno
BussTechno

Technologist, libertarian, and jpegs


BussTechno
BussTechno

I write about Technology, Crypto, and JPEGs. If I write about it and own a position- I will disclose it. *For entertainment only*

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