EN

Enjin Coin

ENJ
GamingRank #75Ethereum

$0.0183

-0.99%24h
+2.24%7d

Market Cap

$35.55M

Volume 24h

$3.28M

Vol / Market Cap

9.23%

Rank

#75

ENJ Price Chart

About Enjin Coin

Enjin Coin is a blockchain platform focused on NFTs and gaming assets.

Enjin Coin is a blockchain platform focused on gaming and NFTs, enabling developers to create and manage digital assets.

How It Works

A blockchain-based ecosystem for the gaming industry. It provides tools for developers to "melt" tokens into virtual items, giving in-game assets a guaranteed real-world value and making them portable across different games.

Use Cases

Gaming Asset Utility: Used to back the value of NFT-based game items, allowing players to "melt" their digital assets back into ENJ tokens to recover their value.

Tokenomics

NFT Value-Backing: Used to "infuse" NFT items with real value. A sword in a game might contain 10 tokens; if the player no longer wants the sword, they can "melt" it to recover the tokens.

Risks & Considerations

NFT market saturation has devalued ecosystem-specific tokens; high competition from cross-chain NFT platforms.

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