Press Release: Social Network Blockster Collaborates with Enjin to Reward 400K Early Users with NFTs

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adoption of blockchain

The front runner in the Layer 2 https://coinbreakingnews.info/ for Ethereum is the project that was started in the heart of India in New Delhi, said Ishan Arora, Tykhe Block Ventures. The process sounds straightforward, receive Trlium and NFTs for mining, buy and own land to receive commissions, stake Trilium to boost planet rewards, and battle against other players for glory and rewards. BC operates on multiple blockchains with the latest to be Matic Network. Thumbs up for the constant news flow from the development team. Thankfully, the Wombat application takes care of your free EOS account creation in no time, a process that might sound easy, but it’s a nightmare, especially for regular users.

  • Moreover, the United Nations Global Compact has accepted Enjin as a participant and the network is exploring ways on how to use NFTs to promote sustainability and equality.
  • When this happens, the intrinsic value of the item is less than its ENJ value as the item has no utility.
  • Which is mind-blowing to think something this poorly made could someone explode one day, but that’s crypto for you.
  • Ethereum-based explorer allowing its users to search transactions, blocks, addresses and coins.
  • Users can explore and collect rare and valuable digital assets directly from their wallets using the Enjin Marketplace.

From what we know so far, the Land implementation is part of a planned expansion, which is the most significant update in the game’s history. The update includes new types of cards and significant improvements in the battle system. Splinterlands is one of the most played blockchain games with thousands of unique active players and daily transaction volume.

What Does Blockster Say About the Blockster Social Network Enjin Partnership?

When SLP price had a significant value in contrast of the current levels, players from Indonesia, Venezuela, and other countries used to play Axie Infinity daily to sustain their household and pay for their expenses! Even though the price of SLP has tanked, Axie Infinity on May 13th, 2022, reported a bit less than one million players. “For the last 12 years, minting, deploying and managing blockchain assets has been a challenging process that required specialized knowledge, but this all changes today,” said Enjin CTO Witek Radomski. GrowthChain is a disruptive web3 marketing agency looking to propel your customer base. In this article, we’ll see how you can use Enjin for your blockchain game.

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You can also build hype around your game by launching limited edition assets through Enjin beam. Through the Enjin platform, you can launch your own cryptocurrency for your game that is backed by the Enjin Coin. The token has a limited supply of 1 billion, making it a scarce resource. Hence, providing a real-world value to your in-game currency.

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There are some minor enjin will need one blockbuster game rolled out aside from the PvP arena. There is a mode for treasure hunting and fishing, and the game plans to implement a home base feature to level up as you progress. That’s the only way you’ll earn more NFTs to make your avatar stronger. At the moment, Forest Knight is a strategy and turn-based fighting game.

Sell items, ranks or anything else, with all major gateways supported. With a point system, and Automation support, your users can be rewarded with ranks, awards and cosmetics. As we mentioned, early adopters and innovative game devs are now testing out the technology in unique ways.

  • Enjin coin’s value comes from its use case as a stored reserve value in every item created on the Enjin Platform.
  • The current price is largely due to the existing bear market, prior to which EFI seems to have been trading between the $0.4 to $0.6 range for a sustained period of time.
  • The game has paid out more than$4.5 Million to its playerssince 2018.
  • Currently, the firm specializes in helping developers and studios to utilize tokenized digital assets in their titles.
  • Blockchain Council is an authoritative group of subject experts and enthusiasts who evangelize blockchain research and development, use cases and products and knowledge for a better world.

Several Enjin wallets are available out there that can store the coins effectively. You can choose from these according to your needs and functionality. If you are a new user, Coinbase wallet, Ethereum wallet, web, phantom stronghold platform, Lumi collect, etc., are some of the best Enjin wallets currently available. In addition, users can install Enjin wallets on their mobile phones.

Specifically, tokens don’t even need to be listed for sale to receive a bid. In fact, users are encouraged to maintain the highest bid on any token. The highest bid on any token receives a portion of fees and gains weight in the Price Discovery Pool over time for any transactions using that token, incentivizing price discovery. Minting custom coins on the Enjin platform uses the same mechanism for the creation of unique items found in games, such as rare weapons and cards, unique heroes etc. For example, one ENJ coin may be turned into a branded token which serves as a “protection” or “attack” in-game item, depending on the game scenario.

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“Enjin’s tech has made it easy for us to turn innovative, blockchain-powered ideas into reality for our players. Using their SDK and API, we were able to integrate blockchain in 48 hours.” “Enjin’s platform is exactly what we needed to enable us to innovate at the forefront of play-to-earn blockchain gaming.” During the first eon, people prospered and gained nigh limitless knowledge from the elements. Now, in the time after the Deception War, people are trying to find the lost knowledge and power of the time before death and destruction.

But with Efinity, users can open up a game channel that will be able to perform an infinite amount of transactions between millions of players at high speeds. Enjin Beamis built directly into the Enjin wallet which devs can use to hold giveaways for sought after in-game assets. To access it, users scan an Enjin Beam QR code with the Enjin Wallet. This enables them to receive ERC-1155 assets into their wallets. But it also supports Bitcoin and other major cryptocurrencies.

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In this way, Enjin connects the growing ecosystem of creators, buyers, and sellers via pioneering decentralized initiatives. Blockster is leveraging Enjin’s NFT technology to pioneer a new community-building strategy, offering blockchain-based rewards for the completion of social actions, such as subscribing, sharing, and referring friends. I recently started a website to review Blockchain games with in-depth guides and project breakdowns. We love Enjin, and are actively reviewing as many projects that incorporate it into their game. LABS Group will be using Enjin’s NFT minting platform to tokenise real estate on the blockchain.

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Moreover, by 2025, the video game market is estimated to become a $300 billion industry by 2025. Out of all of these prospective gamers, the blockchain firm Enjin hopes to lasso some of these gamers from traditional gaming and bring them over to the blockchain. There are multiple KNIGHT tokens on the crypto market, but Forest Knight’s KNIGHT is worth slightly over $.02 at the time of writing.

For players, having cross-game items mean that their items are naturally move valuable, especially long term value. This means that the effort used to earn valuable items are not wasted if they can be used in new upcoming games. Summing up everything we have discussed, Enjin tokens act as a backbone of the digital assets developing platform. You cannot mine any native coin of this platform as it is backed by Ethereum blockchain technology. With every passing year, the demand for digital assets is increasing manifold, which is partly driven by the popularity of NFTs. Hence, Enjin, a platform that permits the development of NFTs and digital assets, has proven its potential to step into the digital landscape.

Enjin (ENJ) Marketplace

Enjin operates similarly to currencies whose primary focus is on the assets and games on the platforms. As a result, ENJ is more viable compared to other competitors. If you ever happen to come across the Enjin marketplace, there are specific terms used for the scales. And if you wish to transfer gaming items to another player, you need ENJ. This basic blockchain wallet brings together different games and applications. The wallets offer a wide range of features because they are the same; it has been installed over a million times.

adoption of blockchain

9Lives Arena also features Ooogy – the world’s first companion that’s available to accompany you 24/7. To progress and earn in the game, you have to defeat the NPCs and complete different quests around the town. Utilizing the Enjin Blockchain and developed in Unity, Lost Relics is all about finding Relics that are the most precious things in the game. The adventurer is always on a quest to find them, hidden around the universe. This article will review the Top 10 Enjin Games that have a huge potential to blow up in the near future.

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For example, it has become one of the first projects to test the capabilities of Ethereum’s Raiden Network. Once that goes live, it should be able to handle millions of transactions. Players can earn Soul Dust and Gold Coins (two in-game currencies) as they play the game and win different quests and battles. With real-time, fast-paced gameplay, Crystals of Fate is a multi-platform CCG consisting of revolutionary combat and tactical battle maps.

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