The Little Engine That Could – Bright Prospects For Enjin (ENJ)

The Enjin network has also gained popularity over time, but some believe that it is yet to achieve its full potential.

Given the fundamentals of the Enjin network, it has what it needs to be the next major blockchain network in the sector. However, other catalytic factors could also play a role in propelling Enjin to new heights.

What is Enjin?

Enjin is a network that enables developers to create and manage virtual items on the Ethereum blockchain. Enjin’s developers built this technology to use in-game items across different properties, hence lowering gas fees and reducing the possibility of fraud could boost the authenticity of the virtual gaming sector.

To make its objectives possible, Enjin has released software development kits (SDKs) that will allow users to create digital assets using Ethereum and add these assets into gaming platforms and applications.

The integral part that allows digital assets on these platforms to be managed is ENJ. Every in-game item developed on the network is assigned a value given in the form of ENJ.

NFTs Could be the Engine Enjin Needs

Non-fungible tokens (NFTs) are the assets needed to boost the use cases for the Enjin network and consecutively contribute to the growth in value for ENJ. NFTs have been on a major boom this year, and networks that have adopted these assets have seen tremendous growth, and this is expected to replicate to Enjin if it adopts these assets.

The boom of NFTs has created causes of fraud and other scams. As aforementioned, one of the objectives of Enjin is to eliminate the cases of fraud regarding digital assets; hence, the network is well-positioned to offer services that will make the NFT development and issuance process easy and smooth.

Another great use-case for Enjin is in blockchain gaming, which is also becoming highly popular. Blockchain games have created a new use case for this technology, and their evolution has made developers look for networks created for this sole purpose.

If both NFTs and blockchain games flock to the Enjin network, it could be the catalyst needed to propel it to the next level. Besides, with most blockchain networks looking towards decentralized finance (DeFi), Enjin has the free space needed to achieve growth and dominance.

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