This is The Weekly Coin, a weekly newsletter highlighting high potential lower cap Cryptocurrency projects.

This week in The Weekly Coin we’re highlighting Enjin a coin I am not invested in.

TL;DR

Enjin Coin (ENJ) is a cryptocurrency and blockchain platform designed for the video game industry. It was created on the Ethereum blockchain by Enjin, a company that helps over 20 million gamers create sandbox forums and communities around their favorite games. (What Is Enjin Coin? Introduction to ENJ Token)

If you’re like me, when you first heard of Bitcoin you thought, “That sounds like some stupid video game currency.”, well it turns out I was the one who was stupid, as we all know, Bitcoin is much much more than that. Bitcoin solves the problem of digital ownership. If I have 20 BTC (I wish) and everyone agrees that I own 20 BTC then I actually own 20 BTC. Enjin moves the idea of digital ownership into the gaming world.

💡 With 2.5 billion players world wide the Video Game industry generates $120 billion dollars per year.

It’s no secret that Video Games have been and are currently massively popular. I for one just spent 5 hours last night playing Super Smash Bros Ultimate. Anyway, globally around 2.5 billion people spend countless hours playing video games. A lot of that hard work is spent earning swords, shields, armor and much much more. Who owns those items? Not you. It is the game developers who at any time could decide to shut down your account which would result in you losing your precious Sword of the Six Sages in Zelda Breath of the Wild. Enjin aims to fix that by moving the ownership from the game developer to the player, and rightfully so, you’ve earned it.

What is Enjin?

Enjin is a Singapore based company founded in 2009 (the year I graduated high school, yikes). Enjin is a blockchain-based game ecosystem built on Ethereum that aims to provide game developers with all the tools they need to build these games. Enjin also gives gamers everything they need to discover, trade, and store blockchain-based game items.

💡 Since its founding, Enjin has launched a gaming community platform called the Enjin Network and has grown it to approximately 20+ million users.

What is Enjin Coin?

The Enjin ecosystem is fueled by Enjin Coin (ENJ), an Ethereum-based cryptocurrency. It is what game developers use to pay for blockchain-based gaming items to be created or forged. Those items could be fungible in-game currency or nonfungible items such as rare items or collectibles. Players can also earn Enjin coins by completing levels or tasks. They can then use those coins to buy items or trade.

Summary

You’ve might have heard of Enjin’s partnership with Samsung (here and here) where Enjin’s wallet is available on Samsung S10 devices. Enjin also has partnered with Unity, PC Gamer (here and here), and several eSports brands. Enjin also is a pre-existing marketplace that integrated crypto and blockchain functionality into an already-existing community of over 20 million gamers worldwide.

I asked r/EnjinCoin what in their opinion made Enjin special. A developer of the game AlterVerse commented with his sentiments:

In the Alterverse we mint cosmetics and limit the supply, the skins you purchase for the Alterverse will always have an initial value set to them and you will always be able to “ cash out “ should you lose interest in the game. ( Melt is murder btw :p ) If Fortnite becomes obsolete tomorrow, the hard earned cash you spent on cosmetics is gone. If we educate the gamers about the advantages of actually owning the in game items you purchase I think the larger developers might go along with it. Not to mention that the Multiverse items all of us Enjin developers make are items that can be used in a multitude of games, which is just super cool!

Enjin has a firm grip on the gaming industry. Its development moves at a fast pace, it’s well-funded, and it secured key partnerships that put it at the forefront of the gaming industry. This project could outperform the general crypto market.

Take a look at Enjin.

Best,

Ken

Overview

CoinMarketCap Rank: 57

Current Price: $0.090602 USD

Market Cap: $73,820,010 USD

Max Supply: 1,000,000,000 ENJ

Where to buy ENJ: Binance, Bittrex, Binance US, KuCoin, Uniswap, Kyber

Helpful Links

General Resources

YouTube

Communities

I am not invested in Enjin.

Disclaimer: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades.