ENJUSD
Enjin Coin / United States dollar
crypto Composite

Enjin is a Singapore-based technology company that provides services for building gaming communities as well as services for blockchain game developers. Enjin provides a suite of tools based on a web interface that supports Ethereum digital assets in the form of ERC-1155 tokens. Enjin also operates a virtual goods marketplaces for digital assets on Ethereum. The Enjin Platform provides a platform as a service model that allows game developers to create and issue digital assets in the form of Ethereum tokens. Enjin utilizes a GraphQL-based API that enables game developers to facilitate the smart contract interactions and other services related to interacting with the Ethereum blockchain. Additionally, Enjin utilizes a backend service called "Trusted Cloud" that acts as the cloud-hosting service that connects games to Ethereum. Enjin's Trusted Cloud acts as a proxy that gathers requests from clients and game servers and returns the data back to each game. Enjin's cloud service also links user's existing game accounts (i.e. SteamID, X-box live) to a block wallet address. Enjin's crypto wallet connects directly to the Enjin Platform and stores all the digital items for games built on Enjin's Platform. The Enjin wallet must be used for all games on the Enjin platform because it directly links an Ethereum address to an Enjin Platform user identity. The gaming company is also developing "Wallet Daemon", a tool that automates transaction requests to and from the Enjin Platform. Additionally, the Enjin wallet enables a QR service for purchasing or receiving ERC-1155 denominated assets. Creating any blockchain asset on the Enjin Platform requires spending Enjin Coin. Game developers have the potential to customize the amount of Enjin Coin an in-game item is worth as well as the desired fungibility of each item. Assets and items created for games on the Enjin Platform can always be exchanged back into Enjin coins by users or game developers. Enjin is also developing an Ethereum scaling solution called Efinity that will be utilized within the Enjin Platform. The company claims games will be able to open channels within the Efinity network that will enhance the speed of relaying information between smart contracts and game servers.