Current updates reaching my news-feed are very exiting about the developments with Enjin Coin. This indeed is a welcome relief in the Crypto-Verse after the last one week of market corrections, sad regulation news and insider trading from from South Korea and the general market slump of January.
Firstly, Minecraft-mp.com will support Enjin coin. The plugin for Minecraft servers will be available very soon and also plugins for Unturned , SDK’s and ARK games will also be released. For the SDK’s and Minecraft Plugin, the Enjin team is working on auditing the smart contracts that will be used on both platforms. This audit is being done in collaboration with the Ethereum foundation development team.
Secondly, the updates for the Enjin wallet on Android is ongoing. The iOS wallet is in development as I write this. The wallets on both platforms are set to be released in Q1 this year with the iOS pending Apple’s approval. Enjin’s wallet has the capability of storing any ERC20 token obtained out there. The user just has to add it manually. Also to add, the Wallet now has a price display feature.
Thirdly, the Enjin team anounced that they are looking into expanding their partnerships with other gaming companies and an updated roadmap will be coming soon.
A fourth reason that can make you excited about Enjin, is that there is a current campaign to have it listed on Cobinhood.com, the free exchange. With Cobinhood, traders do not have to part with a portion of their profits whenever they trade. Currently, Enjin is available on Binance, KuCoin, HitBTC, Ether Delta, Tidex, Livecoin, Cryptopia and Coss.io. Cobinhood would add the Icing on the Cake for Enjin.
It is with such constant communication from the Enjin Team that make me conclude that the Enjin Coin is supercharged and destined for greatness. Communication is vital to any project hence why I am of the opinion that the IOTA Team is not communicating enough about the progress of the coin and its projects.
Back to the topic at hand.
So what is Enjin?
According to the project’s white paper, Enjin is a cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods.
Enjin offers a decentralized platform to manage, distribute, and trade virtual goods. Giving gamers and content creators a new model of virtual ownership. This means that gamers can bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.
This last capability is why the Minecraft announcement is a major one. This is because Minecraft is known to have over 55 Million players per month. Once Minecraft is able to support Enjin, the capabilities on the game for the users grows exponentially. The users can buy any virtual or digital asset using Enjin. And this marketplace might end up being valued in the hundreds of millions of dollars.
In the case of Minecraft, users and developers will expand on their marketplace to the point of it being a booming business similar to Amazon.com but for skins, textures, worlds, maps, wizards…just to name a few.
In such a scenario, a seasoned gamer or developer can earn a substantial amount of Enjin coins trading the above mention digital assets on Minecraft.
Also, with Enjin coin, the capability of fraud in such transactions diminishes due to the use of smart contracts.
With the gaming industry poised to be valued at $130 Billion by 2020, one can understand why there needs to be a cryptocurrencies and platforms available for the trading of digital assets found in the games.
Therefore, with Enjin currently trading at $0.22, it would be wise to buy a few thousand of coins and HODLING as if your life depended on it.
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