Enjin and Decentraland: the most successful game changers of the modern era Enjin and Decentraland: the most successful game changers of the modern era. Enjin and Decentraland are projects that single-handedly change the landscape of the game industry.
Their sheer growth and ability to gain significant value when the crypto markets are bullish demonstrates their relevance. Enjin, a network that allows game developers to build projects that synchronize gaming and blockchain technology, is up a whopping 14% in the past 24 hours.
Likewise, Decentraland is also enjoying a massive price rally that has seen its value rise as much as 18% in the past day. After careful reading of the markets, crypto projects focused on gaming often seem to make the biggest gains when the markets enter a bullish season. This is due to the sheer size of the gaming industry and the wide range of demographics covered by its banner. The gaming revolution is led by the duo Enjin and Decentraland, whose array of functionalities has put them in the enviable position of pioneers. soorten cryptocurrencies can be found online.
Enjin has a long history in gaming. Founded in 2009 by Maxim Blagov and Witek Radomski, the company got its ICO within 10 years and had carved out its way to become one of the leading developers of blockchain ecosystems. The project has stayed true to its roots, synchronizing gaming with innovative blockchain technology.
In terms of functionality, Enjin is changing the fundamental nature of virtual economies, allowing developers to tokenize game assets on the Ethereum blockchain. These virtual items gain real value and can be traded.
The project’s original token, Enjin Coin (ENJ), serves as a store of value for digital assets and provides game developers with its anti-inflation and instant liquidity properties. Aside from the functionality it offers developers, Enjin has an extensive marketplace with over 800,000 traded items and blockchain assets worth $1.1 billion.
Like Enjin, Decentraland changes the landscape of the virtual world as it empowers users to create content in the ecosystem. The project was founded by Ariel Meilich and Esteban Ordano and opened its doors to the public in February 2020.
Through the platform, users have developed interactive games and impressive digital artworks, making it a creative paradise for its users. The sprawling Decentraland ecosystem, called the Metaverse, consists of over 90,000 plots of LAND that holders can then develop everything in their vision, from medieval-looking villages to futuristic space stations. Aside from pushing the boundaries of creativity, Decentraland also has a marketplace with a wide variety of virtual items for users to buy, sell, and ultimately earn. XTZ Tezos has risen.
On the other hand
Despite all their bullishness, Enjin and Decentraland are low on the cryptocurrency order by market cap. Enjin is ranked as the 73rd largest cryptocurrency with a market cap of about $1 billion, while Decentraland is the 67th with a market cap of $1.2 billion.
Huge gains for gaming networks
The utility of gaming networks such as Enjin and Decentraland has played an important role in introducing gaming into blockchain technology. This has broadened the horizons for game developers and enthusiasts, and the effect is noticeable during bull markets.
When there is a bull market, the gaming protocols soar to their all-time highs and this is a trend that seems poised to continue. At present, Enjin Coin is up more than 14% in the past 24 hours to $1.33 while trading volume is up more than 100% in the past day and is now at $254,219,734.
Other statistics point to further bullishness for Enjin as more than 2.3 million wallets have been installed and the asset recently hit a new all-time high of $4.00. Similarly, Decentraland’s original token is up more than 18% while trading volumes are up a whopping 179% to settle at $338,963,198.