Enjin, a superior company in blockchain game development that created the world’s first multiverse assets has successfully gained the interest of Blockchain Ventures and is now backed by them.
Blockchain Ventures, a venture capital fund and a subsidiary of Blockchain has invested in Enjin through securing an equity stake in the company. The main reason for Blockchain Ventures involvement in Enjin is their creation of ‘Multiverse’ that enables players to take ownership of the assets in the game and more interestingly use it in other games as well.
Other features of Enjin that help in blockchain adoption on a larger scale are Rich wallet, Ethereum token (ERC-1155), airdrop product, block explorer and marketplace, in other words, an all-in-one platform for blockchain, have made this partnership possible.
According to Blockchain Ventures, “the Enjin token economic model, where Enjin Coin (ENJ) is locked within virtual in-game items and non-fungible tokens (NFTs) is something we hadn’t seen before. This facilitates both the price discovery and value recovery that have been challenging for NFTs. “
It is good to know that Blockchain Ventures is excited about the partnership is eager to fully support Enjin in inflating blockchain usage in virtual economies and the gaming industry.
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