Could Enjin SUPERCHARGE Gaming NFTs

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19 Sep 2021

Insider Info in my Socials a https 3A 2F 2Fguy coinbureau com 2Fsocials 2F a Get 20 Binance Fee Discount a https 3A 2F 2Fguy coinbureau com 2Fbinance 2F a Check Out My Merch a https 3A 2F 2Fstore coinbureau com a TOP Crypto TIPS In My Newsletter a https 3A 2F 2Fguy coinbureau com 2Fsignup 2F a - TIMESTAMPS - 0 00 Intro 2 26 Understanding NFTs 9 07 What is Enjin 13 04 ENJ Coin 14 16 The Enjin Ecosystem 18 20 Problems Enjin Are Solving 20 35 ENJ Tokenomics 22 41 Final Thoughts Useful Links Website a https 3A 2F 2Fenjin io a Marketplace a https 3A 2F 2Fenjinx io 2Feth 2Fmarketplace a JumpNet Efinity a https 3A 2F 2Fenjin io a blog jumpnet Maslow's hierarchy of needs https en wikipedia org wiki Maslow's hierarchy of needs Endowment effect a https 3A 2F 2Fen wikipedia org 2Fwiki 2FEndowment effect a Celebrity Contagion a https 3A 2F 2Fwww jstor org 2Fstable 2F10 1086 2F658999 3Fseq 3D1 a 17 8M Rolex a https 3A 2F 2Fwww forbes com 2Fsites 2Fhylabauer 2F2017 2F10 2F26 2Fpaul-newmans-paul-newman-daytona-sells-for-15-5-million-a-record-for-a-wristwatch-at-auction 2F a Why NFTs have value a https 3A 2F 2Fenjin io a blog why-nfts-have-real-value Enjin create ERC-1155 a https 3A 2F 2Fwww nasdaq com 2Farticles 2Fenjin-coin-cto-creates-erc-1155-a-new-token-standard-for-ethereum-2018-06-25 a Enjin Samsung a https 3A 2F 2Fwww theverge com 2F2019 2F2 2F25 2F18233131 2Fsamsung-galaxy-s10-bitcoin-cryptocurrency-wallet-features a Understanding NFTs A fungible item is just something that is perfectly interchangeable with another item in its class A classic example of that would be currency A dollar is the same as any other dollar Something is non-fungible if it s not interchangeable and it's unique An example of that would be your pet dog Yes there are many other dogs out there but there is only one good boy Other examples of non-fungible items include the likes of Pokemon cards and sports collectibles I explain in the vid how humans have been collectors since the dawn of time and how NFTs ushered in the world of digital collectibles and why they have value What is Enjin The way I like to describe Enjin is that it is an NFT issuance platform and ecosystem with a focus on gaming But how do NFTs tie into video games Well a ton of games have two main objectives and that would be survive and get awesome loot All those legendary items can be issued as NFTs that the player actually owns and controls That s a game changer as traditionally games were walled gardens controlled by game developers NFTs open up that gaming ecosystem It also means that in-game items could be transferred from one game to another Enjin basically provides game developers with all the tools they need to build these games with in-game NFT items It also gives gamers everything they need to discover trade and store these blockchain assets ENJ Coin ENJ is used to pay for the creation of NFT s on the platform That could literally be any non-fungible item like a special weapon or a collectible card Each digital item created with the Enjin minting system contains a certain amount of Enjin coin within it What s awesome is that you can melt that NFT item down and get ENJ coin back The Enjin Ecosystem The Enjin platform is basically a toolkit to help game developers integrate blockchain gaming into their games and a way for people like us to mint their own NFTs The project also has a top-notch NFT wallet that supports several major cryptos An NFT marketplace and a system for game developers and marketers to embed NFTs in QR codes Perfect for NFT Easter egg hunts Problems Enjin Are Solving Most NFTs are on Ethereum and currently that means really high gas fees which makes trading and transferring NFTs very expensive Enjin s JumpNet aims to allow free instant on-chain transactions of Enjin Coin and ERC-1155 tokens whereas Effinity is all about multi-chain interoperability for NFTs ENJ Tokenomics Watch the vid to hear my take on ENJ s tokenomics Disclaimer The information contained herein is for informational purposes only Nothing herein shall be construed to be financial legal or tax advice The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor Trading cryptocurrencies poses considerable risk of loss The speaker does not guarantee any particular outcome Enjin crypto NFT ENJ blockchain gaming