Enjin recently released its latest update to the smart wallet. It showcases rich data and images for the ERC1155 and ERC721 tokens. Additionally, it supports over 700 cryptocoins. This update is expected to transform the gaming industry. Players will now be able to store, receive, and protect their items in a decentralized manner. As a result, it will give them true sovereignty over their assets.

We are thrilled to officially announce the release of the second major update for the Enjin Wallet! Aptly named “Collectible,” the update brings ERC-721 & ERC-1155 support to the world's most secure game collectible & cryptocurrency wallet.https://t.co/2vvI8HHQJt#enjincoin pic.twitter.com/YLa7zj4Lk5 — Enjin (@enjin) September 6, 2018

Initial Support

This wallet will initially support Gods Unchained, War of Crypto, and Cryptokitties. Later on, they will add many others from the various industries. Due to the design of the ERC721 standard, each legacy token has to be added to this wallet manually. However, the ERC1155 tokens will be integrated automatically into the wallet. To celebrate this event, Enjin is offering the wallet users who register at a link they provided, a free multiverse item, which can be used in several games.

The Enjin Smart Wallet

This is arguably the world most advanced crypto wallet. It features a clean and intuitive interface, a fingerprint login, and the ability to manage and monitor an unlimited amount of blockchain addresses. The wallet’s security measures are more vigorous than what most banking apps offer.

This wallet will implement Arm Compiler, NSA-grade AES-256encryption, Hardware and RAM encryption, and a keylogger proof keyboard. The wallet has thus far received a high rating of 4.7 out of 5 on the Google Play store. The app has been downloaded over 129,000 times on Google Play. The Android package file API has been downloaded on 81,000 times.

The Enjin Smart Contracts

A while back, Enjin successfully launched smart contracts to the Ethereum Mainnet. This enabled developers to create ERC1155 tokens with the support of Enjin’s suite of tools. The ERC 1155 tokens will be automatically added to the Enjin Smart Wallet soon. Thus, users will be able to hold and securely manage them.

The ERC1155 tokens were announced in late June. They have generated a lot of interest in the crypto world. These tokens open up an array of use cases for the blockchain. The tokens are designed with flexibility in mind. They make it possible to mint fungible, semi-fungible, and non-fungible tokens.

This means that the items, which are minted using the token standard, can be unique, identical, or in-between. Thus, this standard is more efficient than the ERC20 or the ERC721 tokens. Users are able to conduct bundled transactions of up to 200 tokens at once.

Enjin Blockchain Explorer

Enjin also plans to release a blockchain explorer that will be called the EnjinX. It will provide native support for ERC1155 tokens. It will essentially be an encyclopedia for virtual items. The explorer will let users verify the intrinsic value of items by accessing data that relate to history, security, identity, authenticity, and provenance. There are already seven games, which have announced they will support the ERC1155 standard. It seems that many more are considering this new and innovative token standard.