Enjin Coin, the cryptocurrency used for trading of virtual goods, have released their quarterly update on July 3rd, 2018. In the update, Enjin Coin reveals the past development that has taken place within the company, both in terms of technology and business. The mainnet launch date hasn’t been revealed yet, but Enjin Coin did mention its nearing.

Fact: Enjin Coin’s team has logged in a total of 13,095 hrs working on Enjin Coin

ERC 1155

Enjin Coin revealed a new Ethereum token standard called the ERC 1155. This new standard is aimed towards the gaming industry. This new token protocol allows the creation of an infinite number of both fungible and non-fungible items that can be deployed through a single contract.

Enjin Smart Wallet

Enjin Smart wallet is world’s most advanced cryptocurrency wallet. This has been possible due to “Infinity Update” revealed on June 2nd. The new update brings much security features and a new ability to create and track an infinite number of wallets.

To create the most secure smart wallet, Enjin Coin has designed a custom built phone keyboard that is only accessible through the app. Moreover, instead of using standard Encryption and decryption libraries that are used by everyone, they have built a custom build cryptography library.

Business Update

In the report released by Enjin Coin, they mentioned that they have scaled up their marketing departments. Few achievements achieved by Enjin Coin were:

ERC-1155 media storm reached as far as NASDAQ.com Anti Hero capital joins Enjin Coin as a board member. Over 100,000 downloads on Enjin Wallet. Enjin Smart wallet became the number one financial app on the Google Play Store in Greece. Got presence in some of the biggest gaming expo in the world which includes E3, Unite Berlin, Unite Seoul, Unite Beijing.

The news of their quarterly report did increase the price of ENJ by 7.5%. ENJ was trading at $0.056 on July 2nd, and currently trading at $0.0619.

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