Enjin Courts Blockchain Game Developers With Multiverse Program https://t.co/YgPkeS9JB1 via @CoinTelegraph #cryptocurrency #bitcoin pic.twitter.com/IO0gfbVn7H — Coinboard (@Coinboard) March 12, 2020
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.
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.
Thus, Enjin’s Multiverse Program is a clever attempt to entice engagement from developers amid increasing competition between blockchain gaming networks.