Blockchain Ventures, the investment side of bitcoin and crypto wallet company Blockchain.com, announced today that Blockchain Ventures is the first equity investor in Enjin, a leading blockchain game development company responsible for bringing over 40 games and apps to the Ethereum network.
The Enjin team created a full ecosystem to enable high-performing on-chain gaming. This includes a wallet, block explorer and marketplace, airdrop product, and an Ethereum token standard (ERC-1155).
Enjin has also built an all-in-one blockchain game development platform to enable developers to integrate blockchain technology into their games. This can be achieved within a few days without specialist knowledge, which helps accelerate adoption on the publisher’s side.
The technology is designed to empower blockchain games to be easily played, scaled, and enjoyed.
“Enjin stood out before we even launched Blockchain Ventures as a platform with refreshingly novel functionality that creates a new paradigm for the gaming space where users truly own their in-game assets. In the Enjin “multiverse” items can be used and leveled up across the ever-increasing number of supporting games, which is becoming more impressive with each passing month.”
– The Blockchain Ventures Team
The Blockchain Ventures team also said they were impressed with the Enjin token economic model, where Enjin Coin (ENJ) is locked within virtual in-game items and non-fungible tokens (NFTs). With this model, game developers benefit from an increased user incentive to purchase items and secondary market trading revenue, while token holders benefit from true ownership over their items.