The Enjin community is eagerly anticipating the debut of the Enjin Blockchain on September 13th. This milestone development is set to revolutionize the NFT gaming ecosystem by democratizing access to NFTs, a vision that is central to Enjin and Efinity. By uniting the communities under one unified token, ENJ, the Enjin Blockchain aims to enhance the user experience in the NFT marketplace.
The launch of the Enjin Blockchain brings forth several significant changes. The Efinity Matrixchain will merge with the Enjin Matrixchain, becoming the inaugural matrixchain on the Enjin Blockchain. This integration follows a successful community referendum in June, solidifying the Enjin community’s support for this transition.
Another notable change is the shift in the token system. Enjin Coin (ENJ) will move from its current ERC-20 base to the substrate-based Enjin Blockchain at a 1:1 ratio. Additionally, Efinity Tokens (EFI) will be exchanged for ENJ at a rate of 4:1. These changes will streamline and solidify the entire Enjin ecosystem.
The Enjin Blockchain also introduces new core features aimed at enhancing user engagement. These features include simplified governance and staking processes, as well as the implementation of fuel tanks and managed wallets. These updates are designed to create a smoother and more interactive experience for users in the NFT space.
As Efinity merges into the Enjin Matrixchain, users can expect a seamless transition. All existing data from Efinity will be carried over, and Substrate EFI will automatically convert to native ENJ. This integration ensures a unified and streamlined platform for the entire Enjin ecosystem.
Furthermore, the Enjin app layer is gearing up to integrate effectively with the new blockchain. Users can look forward to an enhanced and intuitive experience, as existing features like Beams will be accessible on the Enjin Matrixchain through the Enjin Wallet app. This gateway will facilitate the migration of ENJ and EFI to native ENJ and encourage users to actively participate in community governance.
The upcoming launch of the Enjin Blockchain is expected to stimulate further growth and innovation in the NFT sector. Users are encouraged to prepare for the migration and explore the new opportunities that the Enjin Blockchain will unlock in the world of NFTs.
What sets the Enjin Blockchain apart from other platforms is its unique approach of embedding essential functions directly into its core code. Instead of relying on smart contracts, the Enjin Blockchain allows for the direct creation, utilization, and transfer of NFTs. This approach ensures efficiency and eliminates the need for additional layers of complexity.
Enjin has also forged powerful alliances with industry giants, including Microsoft, Square Enix, and Entropia Universe. With over 100 game and app developers on board, Enjin is actively involved in a wide range of projects spanning various categories such as reward initiatives, open-world fantasy RPGs, card trading games, augmented reality applications, and Minecraft servers. These collaborations demonstrate Enjin’s commitment to driving innovation and pushing the boundaries of NFT accessibility.
The Enjin Blockchain holds great promise in expanding the horizons of NFT accessibility and engagement. With its comprehensive suite of blockchain tools and solutions, Enjin enables developers, businesses, and individual users to seamlessly create, manage, trade, distribute, and integrate NFTs. The Enjin community eagerly awaits the launch of the Enjin Blockchain and the countless new opportunities it will bring to the world of NFT gaming.