Enjin is Furthering Its Presence in Virtual Worlds
Enjin PTE’s (Enjin) recent patent application publication centers around an improved system for generating and tracking digital items in video game systems by using blockchain technologies.
The system functions by recording the sale of a digital item in a blockchain and allocating a reserve of cryptocurrency for the digital item. The digital item can then be returned or cancelled in exchange for the cryptocurrency.
Enjin is a blockchain-based software company, focused on creating real-life economies in virtual environments. In 2017, Enjin lead a successful ICO raising $18.9 million USD. Enjin’s ecosystems are powered by Enjin Coin (ENJ), an Ethereum-based cryptocurrency used to directly back the value of Enjin-powered blockchain assets. They have previously partnered with Samsung, Unity, GODOT, and Blockchain Game Alliance (BGA).
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