Enjin Coin (ENJ) is a cryptocurrency that is built on the Ethereum blockchain used to back the value of next generation blockchain assets in the context of blockchain gaming, which may include fungibles and NFTs.
Enjin is an online gaming community platform that has grown to over 20 million registered users and over 250,000 gaming communities. Enjin was originally founded in 2009 by Maxim Blagov and Witek Radomski with the launch of the Enjin network. The Enjin network enables developers build websites, forums, and apps for gamers. Following Enjin’s Initial Coin Offering (ICO) in 2017 which raised $18.9 million, Enjin built a suite of blockchain products that enables users to easily manage, explore, distribute, and integrate blockchain assets.
The Enjin ecosystem is fueled by the Enjin Coin (ENJ). The Enjin Coin is issued as an ERC-20 token with smart contract interaction capabilities to directly back the value of Enjin-powered blockchain assets. ENJ’s ecosystem consists of the block explorer, Enjin wallet, a decentralized gaming multiverse and in 2020 the Enjin Platform was released on Ethereum Mainnet, allowing users to mint NFT with the Enjin Coin (ENJ).