What Is Enjin Coin?

There have been multiple cryptocurrency ventures which have focused on the gaming sector. Most of those efforts have been rather unsuccessful so far. Enjin, on the other hand, may prove to be a valuable addition to the Minecraft ecosystem. The project positions itself as the smart cryptocurrency for gamers, which is quite ambitious.

What is Enjin all About?

Anyone who plays Minecraft may want to take a closer look at Enjin. Although it is a cryptocurrency-related project, the initiative is about more than just its native currency. It is an all-in-one website platform which can help build websites, forums, voice servers, donation stores, and so much more. With a strong focus on the gaming ecosystem, it could quickly become a powerful tool for Minecraft gamers in the future.

How Does it all Work?

The fact that Enjin provides all of the features it does is quite interesting, especially considering it mainly targets the Minecraft community. It offers a website builder for the community, and the built-in donation system will help fund servers for various groups of players. The entire CMS of this website builder is custom-tailored to Minecraft enthusiasts, which is pretty interesting.

It is also possible to simply create a website for a guild in any other game, mind you. While Minecraft is referenced a few times on Enjin’s site, it can easily be used for World of Warcraft, Star Citizen, and Final Fantasy guilds alike. For those looking to take things one step further, Enjin’s ecosystem also offers a clan website hosting service. This applies to both friendly competitions as well as eSports, which opens up a lot of exciting opportunities.

Already, Enjin has become pretty popular in the gaming community. Its website claims any site built on top of this platform will be instantly exposed to over 19 million gamers, which is rather appealing. With over 300,000 gaming communities hosted on this platform already, it is evident things will only get better from here on out.

Enjin Coin’s use Cases

No one will be surprised to find out Enjin has its own native currency, known as Enjin Coin. The big question is what this currency will be used for. Until major games decide to implement this currency, its use cases will be limited. It makes a lot of sense for developers to integrate this currency, though, as it will allow for true item ownership, building intrinsic value, and so forth. The big question is if and when major game developers will embrace this opportunity.

The Road Ahead for Enjin

Some interesting work is taking place behind the scenes on Enjin Coin. For now, the team is focusing on Efinity, which serves as a Lightning Network for gaming specifically. This will allow Enjin to be scaled to millions of users. Further down the line, we will see token bundles, non-fungible tokens, and more. Later this year, more and more developers will unveil products which incorporate the Enjin Coin currency, which is something to look forward to.