Briefly –
- Enjin vows to ensure carbon-neutral NFTs, joining the Crypto Climate Accord.
- Enjin makes NFTs secure, scalable, and interoperable by launching Efinity.
- ENJ has surged over 50% from its 20 July low.
Digital economies attract the younger generation as digital in-game tokens prove to hold both inherent and financial value. Though no one seems to consider player affairs, the gaming industry value exceeds $300 billion at the moment. Users can transact gaming tokens like avatars and skins within the market. However, the assets drop in value out of their ecosystem. Enjin is a gaming blockchain that has offered tokenized services for gamers since 2009.
Making NFTs Greener
The idea of utilizing virtual products to add real-world usefulness appears to attract blockchain fans as they could understand the value of the related technology. It is undeniable that the concept of digital ownership might revolutionize the gaming sector.
Enjin allows developers to create gaming NFT tokens on the ETH network. The firm has advocated for green energy. That forced Enjin to Launch JUMPNet to alleviate the current environmental concerns surround NFTs minting.
According to the company, over 50 projects joined JUMPNet already, including crypto platforms such as OKEx and Binance.
Enjin uses the Ethereum blockchain to allow free on-chain transactions of ERC-1155 tokens and Enjin Coin.
Meanwhile, the firm joined the Cryptocurrency Climate Accord, aiming to go carbon-neutral by 2030. Enjin joined the green initiative to reduce NFTs’ carbon footprint as it makes JUMPNet carbon-negative.
NFT Connectivity
Enjin is creating an infrastructure to make NFTs interoperable and scalable by lancing Efinity. Remember, developers launched Efinity to solve the problems facing the crypto space. That’s by allowing users, enterprises, and developers to interact with the NFT market by decreasing entry barriers.
Moreover, Enjin developed several resources to magnify and speed NFT use cases. For instance, the Utility functionality connects developers, creators, and brands. With that, they can access NFT services and incorporate them on their off-chain or blockchain.
ENJ Price
Enjin’s efforts to ensure NFTs are movable with ease without any latencies have boosted their value proposal. The site’s governing token, ENJ, surged by almost 50% to trade at $1.44. That was from the 20 July lows at $0.94 (Coinmarketcap data).
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