Enjin Launches Its Multiverse Program, Seeking Applications From Interested Developers
Enjin Launches Its Multiverse Program, Seeking Applications From Interested Developers
March 13, 2020
Enjin Launches Its Multiverse Program, Seeking Applications From Interested Developers
Enjin Launches Its Multiverse Program, Seeking Applications From Interested Developers
March 13, 2020

Enjin (ENJ), the blockchain-based gaming ecosystem, has launched its Multiverse Program and is now seeking applications from interested developers.

It has been reported that the program is designed to attract developers to explore Enjin’s Multiverse platform, a gaming platform that supports the creation of in-game digital assets that can be transferred and used across multiple games hosted in the Multiverse.

However, developers selected for the program will receive one year of free access to the Enjin Platform, support from Enjin’s developers, and project promotion across Enjin’s social media.

It has been analyzed that the program is open to existing projects at all stages of development.

The Enjin Multiverse was launched in August 2018 and initially hosted six games.

Despite each game being developed by different teams using different programming languages and game engines, shared in-game assets were integrated across all six releases.

ALSO READ :  Indian Messaging Giant HIKE Is Hiring Crypto Economist

Likewise, in-game items can be minted as non-fungible tokens (NFTs) using Enjin’s ERC-1155 standard.

Enjin claims that the ERC-1155 standard addresses limitations inherent to ERC-721 NFTs through storing multiple items within a single smart contract and using the minimum amount of data needed to distinguish individual tokens.

NFTs and fungible tokens created for the Enjin Multiverse can be bought, sold, and traded by their creators. The prices for the ERC-1155 tokens are derived by a chosen quantity of ENJ that is locked up and used to back the digital asset.

Currently, Enjin lists 15 tokens supported by the Enjin Multiverse. The most expensive Multiverse digital asset is ‘The Monolith, which is backed by more than 1.15 million ENJ, equating to roughly $64,300 at current prices.

‘The Horn’ is the second-most expensive, backed by 512,221 ENJ or $28,700.

However, the remaining monolith items are backed by between 1 and 100 ENJ — valued from $0.056 to $5.60.

ALSO READ :  Thailand crypto exchange Bitkub raises $2.1M funding

Thus, Enjin’s Multiverse Program is a clever attempt to entice engagement from developers amid increasing competition between blockchain gaming networks.

Source: blog.enjin.io | cointelegraph.com | Image: kryptomoney.com


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!