In this helpful cryptocurrency article, we will be taking a look at what an Enjin Coin (ENJ) is and how it works. Read on to find out more!
Enjin is a cryptocurrency that was launched in 2017, the company behind Enjin works with companies to implement their own solutions on the Enjin platform. Enjin Coin is an ERC-20 compatible token, which allows it to be sent and received using an Ethereum wallet. However, the technology powering Enjin does more than just manage that one currency.
Enjin is a gaming-focused platform that lets you use Enjin Coin as a currency and has an Enjin wallet to buy, sell, and trade NFTs. Players may purchase an item in Enjin, which is usable across many games and readily tradable or saleable on an internet marketplace.
Enjin Coin is an ERC-20 token traded on the Ethereum blockchain, and its underlying Enjin technology powers an ecosystem used for NFTs, gaming, and other distributed apps.
The company behind Enjin operates several blockchain products, including a marketplace, wallet, and developer platform, all built around Enjin Coin. Keep reading to learn more about Enjin and how to buy and use it for digital transactions.
We hope this article was useful in giving you a deeper understanding of Enjin. If it was, make sure to check out our other crypto articles which are helpful in getting started with cryptocurrencies and blockchain technology. As always, if you have any questions feel free to reach out to us and we will be happy to help.
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