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NFTs and the Enjin (ENJ) Project - Uses, Features and Benefits by chimzycash

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· @chimzycash ·
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NFTs and the Enjin (ENJ) Project - Uses, Features and Benefits
![image.png](https://cdn.steemitimages.com/DQmWphrWLN4oVssvM6dYuuWzA7DUzfjcwGYK9WYsbYH6D97/image.png)
[Image Source](https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2018/02/enjin-coin-guide.jpg)


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NFTs work by giving any digital asset or file into its unique identity on the blockchain. The most popular blockchain for NFT at the moment is the ethereum blockchain because of ethereum’s features and smart contract functionalities. When a digital content creator creates a file… this can be anything from digital arts, pictures, images, music, video, gif, or any digital file… that digital file can be turned into an NFT and stored on the blockchain. By being on the blockchain as an NFT, it proofs the authenticity or ownership of the digital file and adds uniqueness to each digital file as a token on the blockchain. NFTs especially digital arts have become successful in the NFT space as the success hugely comes from the digital art creator and how much people are willing to pay for the NFT digital art.


 
#### Enjin (ENJ)
When it comes to the top NFT projects and platforms, enjin is definitely one of the top NFT projects and an industry leader in the NFT crypto space at the moment. Enjin is a blockchain and cryptocurrency platform with main focus in the gaming industry. The Enjin platform is an ecosystem of products that is tailored towards the creation, distribution, storage, trading, integration of non-fungible tokens assets and tokenized digital assets on the blockchain and also products that makes it easy for anyone to use NFTs.


The Enjin Coin also known as ENJ is basically a coin of the Enjin platform. It was first announced in 2017 and launched in 2018 on ethereum. The Enjin Coin or ENJ is the native token of the Enjin ecosystem. ENJ is an ERC-20 token used to back the digital assets issued on the enjin platform. This means that digital assets can be bought, sold and traded with real-world value attached. The Enjin Coin (ENJ) is used across the Enjin ecosystem.


#### The Enjin Coin (ENJ) Uses
The Enjin Coin (ENJ) is an ethereum-based token that runs on the Ethereum blockchain and powers the Enjin ecosystem. Since ENJ operates on the Ethereum blockchain as an ethereum-based token, which is a huge part of NFTs and the enjin ecosystem, the Enjin Coin (ENJ) has multiple uses[.](https://steemit.com/hive-108451/@chimzycash/steemit-crypto-academy-season-2-week-2-post-for-levycore) One of the main use cases of the ENJ is that it is used directly back the value of NFTs i.e. a digital store of value that is used to back the value of NFTs.

#### Features of Enjin Coin (ENJ)
* Certified Authenticity
* Customer Trust
* Real-World Value
* Asset Scarcity
* Tangibility
* Anti-Inflation


#### Benefits of the Enjin Coin (ENJ)
The Enjin Coin (ENJ) has proven itself as not only one of the top cryptocurrencies in the NFT space at the moment, it also offers a lot of benefits…
* It is powered by the ethereum blockchain means it is secured, decentralized and inherits that benefits of the ethereum blockchain.
* ENJ inherits the benefits of the ethereum blockchain
* ENJ is used across the enjin ecosystem
* ENJ has shown that there is still a lot of room for growth and price increase.
* Anti-inflationary
* ENJ is used to provide utility in games and apps
* ENJ ensures transparency and scarcity


#### Enjin Wallet
Enjin has its own wallet known as the Enjin wallet which is a multi-coin non-custodial cryptocurrency wallet. ENJ can be stored on the enjin wallet or any cryptocurrency wallet that supports Ethereum-based tokens.


#### ENJ Markets/Exchanges
Enjin Coin (ENJ) is a very popular cryptocurrency and is listed by some of the biggest cryptocurrency exchanges. Since ENJ operates on the ethereum blockchain, it is supported on a lot of the top exchanges. ENJ can be traded on Binance, Coinbase pro, Kucoin, Gemini, FTX, Uniswap, OKEx and Gate.io, Bittrex, and a host of other exchanges.


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