How it works

The ENJ token is the platform’s native currency. When a new NFT is minted on the network, a chosen amount of ENJ is minted into the token. The locked funds give the newly built goods real world value, as each item can be at any point melted back into the underlying ENJ backing.

The Enjin platform also provides software developer kits (SDKs) that equip developers with tools to build their own NFTs on the Ethereum blockchain and enable their integration into the gaming ecosystems or apps of their choice. 

The platform also maintains its own native NFT marketplace and a wallet with NFT support.

Keep in mind

NFTs created with Enjin use a standard called ERC-1155, which was developed by Enjin’s team and is distinct from the more common ERC-721 standard pioneered by the NFT art project Cryptopunks. 

Released: July 2018