Enjin Platform Hits Mainnet: A No-Code Tool for Virtual Economies on Ethereum

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Enjin

The young Ethereum ecosystem is blooming, its recent traction powered by the rise of various sectors of innovative projects that leverage the smart contracts platform as foundational infrastructure.

Crypto lending and decentralized exchanges have proven to be the most popular of these sectors to date, but they’re far from the only arenas of note. One smaller area of interest that seemingly has big potential going forward is blockchain gaming.

Games on Ethereum can and will come in all sorts of different shapes and sizes, and catering to this reality is the vision behind the new Enjin Platform, an easy-to-use development dashboard for creating and managing blockchain assets for games and beyond.

Democratizing Virtual Economies

This week, the Enjin project announced its Enjin Platform, an “all-in-one blockchain development platform,” had been activated on the Ethereum mainnet.

That unveil means anyone can now use the service to build assets for virtual worlds, a dynamic Enjin’s leadership says will help democratize content creation.

“In other words, if you know how to use a smartphone, you should now be able to easily deploy both fungible and non-fungible tokens, simply by using our brand new Web Panel,” Enjin’s chief market officer Ilija Rolovic said on the news.

Through that no-code Web Panel, users can create new projects, link Etheruem wallets, and design assets and thereafter mint them. Separating the design and minting processes allows creators to have flexibility before permanently etching an asset’s settings into the blockchain, Rolovic said:

“When you create an asset,  you’re not actually deploying it to the blockchain, you’re just strictly defining its various values, which can range from simple choices like the asset’s name and image, to complex variables like transfer fee types and starting supply.”

Let the Games Begin

Creating blockchain assets through the Enjin Platform Web Panel is one thing, but an application programming interface (API) and software development kits (SDKs) will be what builders use to actually integrate their created assets into games and beyond.

Specifically, the Enjin Platform API can be used to “facilitate large-scale automation and scalability of blockchain asset creation,” whereas the project also offers several SDKs that developers can use to customize their interactions with the aforementioned API.

Taken altogether, the Enjin team envisions these tools as capable of bringing about next-gen “gaming industry … advancements,” such as new kinds of monetization and marketing possibilities. For example, gaming assets might be created and sold to gamers as a novel sort of crowdfunding mechanism.

And Enjin’s work isn’t finished yet. CMO Rolovic also noted the project was on the verge of releasing a tool that would make it possible to easily “distribute blockchain assets via QR codes.”

Enjin Rising

The release of the Enjin Platform is a good step forward for the Enjin project, which caught many peoples’ attention for the first time last March when news of its partnership with Samsung first dropped.

That deal led to Enjin’s ENJ token being supported alongside other Ethereum tokens in the Galaxy S10 smartphone’s in-built Samsung Blockchain Keystore mechanism. The S10 also launched with support for the token scheme Enjin created, the ERC1155 gaming token standard.

Unsurprisingly, the Samsung partnership reveal caused an acute frenzy of buy pressure around the ENJ token, as investors piled on to back a project that seemingly had mainstream potential. Similarly, a swift gust of optimism has swept through the market on the heels of the Enjin Platform rollout. 24 hours after the platform’s announcement, the ENJ price — $0.139 — had risen over 14 percent on the day.

Of course, no project is guaranteed to succeed over the long-term. But the latest ENJ rally shows that some investors are acutely excited about Enjin’s future.

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