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- Enjin Coin (ENJ), Enjin’s original asset, has merged with 11 tokens in OSL
- Enjin, who started in the gaming industry in 2009, went into metabersion with a $ 100 million Efinity fund.
- Engine has promised to offer decentralized, faster Efinity and cheaper rates than other ecosystems.
- More than 70 Enjin apps and game developers will head to Efinity
Enjin Coin Enjin was created to promote players on the gaming platform. Enjin is more than a gaming platform that allows users to create digital assets, load them into a blockchain, and integrate them into games and applications.
Enjin’s roots can be traced back to 2009 in the gaming industry. Since its first game in the traditional gaming industry, Enjin has evolved by introducing a blockchain in the process. It now has more than 20 million registered users. Although Enjin has been successful for a decade, how has he acted lately?
Price updates
Since Facebook changed Meta’s corporate brand, the price of Enjin Coin (ENJ) has risen sharply. ENJ’s price peaked at $ 3.62 on November 7, despite selling below $ 2 before the Facebook announcement.
Enjin Coin (ENJ) 30 day price chart. Source: Tradingview
Since Facebook (NASDAQ 🙂 price rises, the ENJ has settled between $ 3.0 and $ 3.2. At the time of writing, ENJ is selling for $ 3.0384. Enjin Coin is ranked 64th as the largest crypto project with a market cap of about $ 2.538 billion.
Recent Developments
Following Facebook’s corporate brand, Enjin has renewed its interest in metabersion. Enjin has announced a $ 100 million Metaverse Fund to formalize support for all partners in its ecosystems.
Enjin believes that metaberse should be decentralized. Therefore, game developers will build Efinity Metaverse.
On the other hand, the fund will be used to support Enjin and Efinity adopters and Enjin ecosystem integration, metaverse projects, blockchain games, NFT dApps and projects, decentralized infrastructure cross-chain, multi-chain infrastructure and other developers working on pioneering projects. .
On November 9, OSL announced the addition of Enjin Coin (ENJ) support. OSL is a digital commerce platform. This makes Enjin a currency among the 11 assets traded on the platform.
By helping to build a decentralized Efinity Metaverse, Enjin has launched a crowdfunding loan. Project supporters will earn an Efinity Token (EFI) for each contribution they make (DOT). The prize will start at 7.5 EFI and will rise to 9.75 EFI for each DOT.
Future Events
With metaberse right now being the hottest topic in cryptoversion, Enjin wants to claim metaberse participation. Enjin will act as the launcher for Efinity Metaverse.
Although Efinity is yet to launch, Enjin has announced that the platform will be fully decentralized and can be constantly updated. In addition, Efinity supports real-time NFT ratings and instant NFT sales.
In addition to cheaper transaction fees (which are expected to be a few cents), Efinity will be faster than traditional networks. According to Enjin, Efinity will be able to make NFT 20 million per second.
When Efinity launches, most developers of the 70 games and applications on the Enjin Network will take on Efinity. And according to Enjin, some of these developers can use Enjin’s technology stack to integrate the blockchain in less than 48 hours.
Due to the growing interest in NFTs and Metavers, CoinGecko will hold a conference to clarify these issues. Witek Radomski, co-founder and expert in the field, will speak at GeckoCon: NFTs Gone Wild.
Radomski, along with other industry leaders, will discuss the challenges of building a sustainable metaverse and hopeful cases of the use of NFT in industries. GeckoCon will be held from November 17-19.
On The Flipside
- Metaberts has attracted Facebook, Microsoft (NASDAQ 🙂 and the like Nike (NYSE :), among other megacorporations
- In addition, despite its recent success, Enjin Coin (ENJ) has yet to improve on its April high of $ 4.
Community
Enjin already has a large user community that allows its governance model to be more participatory. The project prides itself on being more decentralized than Ethereum or even leadership.
Community members and developers can submit a proposal to add to the ecosystem or upgrade the blockchain itself. In addition, token owners can “Yes” or “No” through their digital wallet.
Sharing the excitement about Efinity Multiverse, a Twitter (NYSE 🙂 user, @ 8nrlIsb2OcT7bev, wrote:
I love Efinity︎The Guardian Dog is the guardian god of our country (JAPAN) who keeps away bad things. Efinity will surely succeed !!! pic.twitter.com/sOPibPtHOF
– Rusk (@ 8nrlIsb2OcT7bev) November 13, 2021
In line with the trend of online gifts, NFT fans shared @eirik_the:
New #enjin #qr with #SquidGame #nft! Scan with your #enj-wallet first! #NFTCommunity #NFTGiveaway #nfts #metaverse #NFTdrop #NFTdrops #nftart #nftcollectors pic.twitter.com/nfXLBimY3J
– Eirik Viking (@eirik_the) November 12, 2021
Despite being stuck in fixation, @PhilNach8 remains enthusiastic about Enjin Coin (ENJ). He wrote;
#Enjin $ ENJ ready for double-digit territory pic.twitter.com/zEBB5CgEUh
– Philipp Weber (@ PhilNach8) November 15, 2021
Why should you care?
While Enjin will serve as a launcher for Efinity Metavers, Efinity will be a whole ecosystem.
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