The gaming sector has evolved from humble beginnings into a $128 billion a year industry.
In recent years massive multiplayer online games (MMOs) where players can customize their characters with game skins and purchase in-game items, have surged in popularity.
With the game item market predicted to reach $50 billion by 2022, a major concern has emerged.
Since items are bought and stored on the game itself, they become worthless should developers choose or if the game ceases to be popular.
Enjin is an all in one blockchain gaming platform built on the Ethereum network which is by far the most used for games. However, a new game, LiteBringer, has been released on the Litecoin network that has no centralized servers.
The project looks to tackle the lack of transparency and trust between gamers and developers.
Furthermore, Enjin Coin seeks to change the ownership model of gaming assets through decentralized blockchain technology. Thus, gamers own the items and not the developers.
By leveraging blockchain technology, Enjin Coin also seeks to eliminate online gaming payment fraud which has blighted the industry of late.
The Enjin platform is a blockchain PaaS (Platform as a Service) that allows developers to create and manage blockchain games.
Furthermore, developers don’t even have to write a single line of blockchain code.
Enjin is an all in one game development platform that consists of the Trusted Cloud, Platform API, Wallet Daemon, and Blockchain SDKs.
Trusted Cloud is a cloud-hosted service that connects games to the Ethereum network.
The Platform API facilitates the top programming languages in the world. Additionally, it enables developers to send commands to the Enjin Platform to facilitate the development of blockchain games.
The Wallet Daemon allows the blockchain to handle the large volumes of transactions necessary for gaming. The process is automatic and eliminates the ned to sign off on every in-game transaction.
Software Development Kits (SDKs)
Enjin’s SDKs have been specifically designed to provide an interface that is feature-rich and easy to navigate.
Multiverse refers to an infinite array of universes where anything is possible and every possibility exists.
Enjin is the world’s first gaming multiverse, whereby multiverse items are usable across multiple gaming realms.
As you carry items between games they will form different appearances and attributes depending on what game you’re playing.
For example: Let’s say you purchased a sword on Forgotten Artifacts and take it to another game, the sword will then take on a new appearance.
In traditional games, players store items such as skins and weapons on game servers. As a result, they only have value within the game itself.
However, Enjin Coin opens up a whole new world of opportunities by assigning items real-world value.
Therefore, when developers create an asset, they do so by infusing it with Enjin Coin through a process called minting.
Furthermore, the process can also be reversed with the assets being melted back into the coin, creating real-world value.
Enjin’s smart wallet is an all in one cryptocurrency mobile wallet partnered with Samsung and designed for traders, gamers’ and developers.
The Enjin wallet prioritizes security and comes with a host of top-level security features.
A few of such being as dual encryption and Enjin’ s very own built-in keyboard, specifically designed to prevent malicious keylogger attacks.
Moreover, Enjin wallet is not only secure, it is also packed with features
In addition, the wallet supports direct access to Changelly, Kyber Swap, Bancor, and Coinswitch exchanges.
This allows users to easily swap between hundreds of tokens from thousands of trading pairs.
The wallet allows secure storage and the ability to trade gaming items and collectibles.
Users simply have to link the wallet to blockchain games or apps via a code or QR scan.
The Enjin marketplace is the most user-friendly marketplaces for gaming items.
Users have access to a huge array of blockchain gaming items that can be taken anywhere you go and used in over 30 different games.
You make a purchase simply by scanning the QR of an item with the Enjin wallet.
Similarly, to sell an item, you simply set a price and display it on the marketplace.
To conclude, with 20 million downloads to date, Enjin has cemented it’s placed as the world’s premier blockchain gaming platform.
Additionally , the platform looks primed to benefit from the thriving virtual goods marketplace by leveraging the benefits of blockchain technology to provide true ownership of in-game items and prevent fraud.