Cryptocurrencies Unleashed: Game Development & Enjin

I firstly want to start off by thanking each and every one of you for helping me reach on Medium. This is something I never thought would be possible when starting this journey and I am grateful we are treading the advancements of the space together. 3000+ followers I would like to take this milestone as an opportunity to launch a new series titled In this series, I will be discussing up-and-coming projects, significant project milestone releases and much more. “Cryptocurrencies Unleashed”. I will be debuting this series with as an ode to launching their on . In this post I will be focusing on the functions and benefits the (as a whole) will unleash to game developers and publishers. “Game Development & Enjin” Enjin Smart Contracts Ethereum’s Mainnet Enjin Platform Overview The Enjin Platform “gives communities, content creators, game servers and game publishers, an easy solution for implementing virtual goods and real value, into their gameplay and communities. Enjin has developed/will develop a powerful framework of open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform”. I have already featured in my series, discussing how (from a gamer’s perspective) will be revolutionized by the introduction of Blockchain and Cryptocurrencies, which you can find . Enjin “Real World Applications of Cryptocurrencies” Video Game Virtual Goods here Unfortunately, current Ethereum Standards ( and ) would have restricted the platform’s functionality and efficiency as these require a to be deployed for each fungible or non-fungible token/collection. A new standard ( ) was proposed by Enjin’s CTO, which is a standard interface for multiple item/token definitions in a making it vastly more flexible and efficient. If you want to find out more about you should check out my blog post titled , . ERC-20 ERC-721 separate contract ERC-1155 single deployed contract ERC-1155 “A Proposal To Shake Up Ethereum” here is the to the and is the standard used by their . Using it as its backbone has unleashed a host of functions and benefits for game developers and publishers which I will discuss below. ERC-1155 cornerstone Enjin Platform smart contracts What are Enjin’s Platform functions & benefits? Besides solving many issues faced by gamers today, the brings a host of benefits for game developers and publishers. With the launch of their (and Unity SDK & UI tools in the near future), developers will be able to back their video game virtual goods with cryptocurrency . They will be able to leverage the to create and via an . Below you can find a list of functions that are available at launch: Enjin Platform smart contracts without requiring any blockchain knowledge Enjin Platform complex token designs economies extremely user-friendly plug & play interface — Creators have the ability to mint items backed by tokens which immediately makes the item . For example, each could be backed . Reserve Value ERC-20 valuable Mammoth Mount by 500 ENJ — Items can be destroyed (or ) in order to retrieve its reserve value. For example, if a gamer decides to melt his (backed by 10,000 ENJ), this will result in her receiving 10,000 ENJ (if there are no fees) in return for having it removed (and destroyed) from her possession. Item Melting melted Chromatic Sword — Trading between two parties can be done using a . In addition, items can be to specific owners and only traded with certain . For example, creators could leverage this to also regulate the secondary market by whitelisting only approved marketplaces in which items can be sold/bought from. Enhanced Security securely built-in escrow system bound whitelisted parties — Creators can choose to apply a when trading takes place. Additionally, they can choose to charge a fee when items are melted. These fee are applied regardless of the platform trades/melting happen on as they are in the smart-contracts themselves. Advanced Commission Model fee baked — Creators have the ability to of their items. For example, they can mint 10 and only 10 of thus when one is melted, it decreases the total number whilst increasing their value. Controlled Item Economics control the minting nature Chromatic Swords — Since there are so many options when minting items, game creators can find new and unique ways to . For example, creators could create rare non-fungible items that would be highly collectible used to fund their game pre-sale (see War of Crypto below). Unique Funding Models fund their project Projects Utilizing Enjin Given the and of the , it’s no surprise that projects are already primed and ready to leverage its power. These include: power ease-of-use Enjin Platform War of Crypto (WoC) WoC is “a blockchain-based 3D multiplayer game for PC, Android, and iOS has just announced via Twitter that their most valuable in-game ERC-1155 token will be a Dark Dragon that contains 10,000 in Enjin Coin (ENJ) . These will be the first ERC-1155 tokens to ever go on sale , and the first cryptocurrencies to be backed by another cryptocurrency , Enjin Coin. War of Crypto’s pre-sale of characters will begin on the 28th of July and will offer a range of heroes and skins that will only be attainable through peer-to-peer markets, once the pre-sale has completed”. You can find more information about , , as well as their reveal trailer below. WoC here War of Crypto Trailer 9Lives Arena has announced their adoption of the in their upcoming game named . This is a “ Touchhour Enjin Platform 9Lives Arena competitive online RPG that will also feature a unique companion app for iOS and Android that will give players an innovative commandable, Tamagotchi-style sidekick to help them gather and craft resources. Designed for PC, Xbox One, and PlayStation 4, with its companion app targeting iOS and Android, 9Lives Arena utilizes the latest in technology developed by Enjin to place all its characters on the blockchain”. You can find more information about , , as well as their reveal trailer below. 9Lives Arena here 9Lives Arena Trailer Conclusion The unleashes a host of benefits to game developers and publishers and it’s no surprise projects are already adopting it — , , etc. Enjin Platform “Actions speak louder than words” “The proof is in the pudding” I would like to close with a brilliant video related to this subject matter which I highly recommend you watch. How many claps does this post deserve? How about a follow? If you enjoyed this post, please feel free to 👏 👏 many times (you know you want to!), give my blog a 👣 👣 and 🤲 🤲 with your friends. There’s a limit of 👏 👏 you can give to each post, so I urge you not to try and exceed that limit… you might break Medium! clap follow share 50 claps Speaking of which… If I still have your attention, please leave a comment and let me know what else you would like to see me writing about. You can find links to my social media and sign up to my newsletter below. ermos.crypto+medium@gmail.com You can also show your support by donating to the following address: : ETH/ENJ 0x4c7195E074cf0Ab6F77Bdb7C97Fd2567066Bb712 . Disclaimer: All information and data on this blog post is for informational purposes only. My opinions are my own. I do not provide personal investment advice and I am not a qualified licensed investment advisor I make no representations as to the accuracy, completeness, suitability, or validity, of any information. I will not be liable for any errors, omissions, or any losses, or damages arising from its display or use. All information is provided as is with no warranties and confers no rights.