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Enjin $ENJ – Should I Buy? A Detailed Analysis



https://www.patreon.com/InvestAnswers
#Enjin #ENJ #ENJWorthIt #Polkadot #EnjinPricePredictions #EnjinAnalysis

The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

0:00 IA Token Valuation Process

1:00 What it Does

Enjin Coin (ENJ) is an Ethereum token that aims to β€œmake it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem.

2:00 Background
Founders: Maxim Blagov, Witek Radomski
Witek co-author of the ERC-1155 Ethereum token standard

3:00 Ranking & How it Plays
Plays in the decentralized gaming NFT space.
https://coinmarketcap.com/

4:00 Industry Disruption
Traditional gaming is a closed garden. Enjin is disrupting the gaming industry by introduces open ecosystem gaming where in-game items can not only have value inside the game but also outside the game and move across games.

5:00 Value Proposition

6:00 Technology & Developers
ERC-1155

8:00 Tokenomics

https://blockfyre.com/enjin-enj/
https://coinmarketcap.com/currencies/enjin-coin/

9:00 Ecosystem

10:00 Growth & Longevity

11:00 Risks
The Enjin platform does have issues with scalability and high fees due to being built on Ethereum. These cost for developers to turn in-game items to NFTs doesn’t always make economic sense
Many decentralized games opt to create their own NFT solution rather than relying on Enjin due to scalability and fees
https://coinmarketcap.com/currencies/efinity/ico/

12:00 Opportunity

Polkadot is not built to replace Ethereum, but to improve and complement it; in the same way, Efinity is designed to supercharge not only Ethereum NFTs, but NFTs from any blockchain.

13:00 Where to Buy

14:00 ENJ Chart

15:00 Analysts Price Prediction

16:00 IA Price Prediction
That being said, I am still bullish on ENJ – as they are already pervasive.

Conclusion

Enjin is an innovative project in the decentralized gaming space
The first NFT focused projects and developed their own ERC-1155 token standard
Enjin is working to build out Efinity, in order to bring NFTs to other industries and applications
I was hoping of a more accelerated path to RE Tokenization
Still a holder at $1 cost basis
Enjin is an innovative project in the decentralized gaming space. It’s bringing NFTs to gaming by allowing developers to tokenize in-game assets
The first NFT focused projects and developed their own ERC-1155 token standard
Enjin is working to build out Efinity, in order to bring NFTs to other industries and applications. However, its questionable how that will affect Enjin token holders

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