Blockchain Ventures invests in the platform game blockchain asset Enjin

Blockchain Ventures invests in the platform game blockchain asset Enjin

Blockchain.com Ventures, the arm of venture capital development company blockchain Blockchain Luxembourg S.A., today announced an equity investment in the large digital book blockchain games Enjin society.

Enjin blockchain provides infrastructure for game companies, allowing developers to integrate marketable virtual assets in their games, applications and other software. Oddly, the companies declined to say how the investment was.

"Enjin is a rare example of a company with significant blockchain traction that solves decisively a problem that can not be addressed in computing paradigm and centralized database today," said Sam Harrison, Managing partner of Ventures Blockchain.com.

Through blockchain technology, games and applications can provide tokens or the beneficial ownership of virtual assets in a software ecosystem. Since these virtual assets can be stored, sold and traded outside the game environment itself, these blockchain based assets can be used to achieve the objectives for the acquisition of the user, conservation, engagement and monetization of the game.

Enjin has already raised $ 18.9 million in 2017 investment by selling its own chips based Ethereum natives on the platform in what is known as the original name Corner offers or ICO. Since then, the company has brought more than 40 games in blockchain Ethereum and increased to more than 20 million users on its platform.

Each active coined the Enjin platform is an ERC-1155 chip supported by the native ecosystem called token ENJ. The ENJ chips act as a sort of certificate of authenticity and tradable evidence of the value that can be exchanged between players and represent individual items such as clothing, armor, equipment and weapons, for example.

The platform is capable of allowing trade coins stacks and monitoring of the unique history, origin and identity of each copy of a certain weapon or even unique weapons.

In an email with SiliconANGLE, Enjin vice president of operations Bryana Kortendick said that part of the purpose of the platform of the company is to allow players.

"You may have heard of Blizzard recently banned have a player on the statements made in support of Hong Kong protesters, or Star Wars Battlefront II EA debacle" Kortendick said. "Put an end to this kind of behavior, empowering players, and put the property game items in their hands is what this technology is all about. "

She also commented on how the blog Blockchain.com on investment, the company has mentioned the "Enjin multiverse" where players not only have all their property, but can carry through games (at least by those who support these points).

"If you are familiar with Ready Player One is basically what we are trying to create in real life better and decentralized," added Kortendick. "We hope blockchain democratize technology and improve the game for players and developers. "

To increase the discovery and provide a proof of concept for its symbolic ecosystem, the company launched the market Enjin earlier this month.

Within the market players can trade items not only within the same game, but between games. Although it is not possible to use elements of a game, they are not intended, the articles themselves may still be owned and collected by external actors in these games. It also opens the possibility that the different games, connected by the blockchain Enjin could share the savings.

To date, more than 59 million ERC-1155 assets were hit with the Enjin platform. This resulted in approximately 1% of the total supply of chips ENJ being locked in digital asset, where it acts as a certificate of authenticity for these items.

Blockchain.com Ventures makes long-term investments in companies developing and using blockchain technology to provide convenient services and products that stand out in the industry. Other investments include shared economic platform Origin Protocol Inc. Esports Silver.tv entertainment service, platform management of digital titles securitize Inc. "Internet of Things" Nodle.io network provider and distributed application followed DappRadar UAB..

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