Enjin Ecosystem Growth Accelerating: How to Scale in 2022

There are over 100 million gamers playing games on platforms such as Steam, Origin, Xbox Live, PlayStation Network, etc. In fact, the gaming industry has grown from $80 billion in 2016 to $100+ billion in 2017

With the rise of blockchain technology, the gaming industry is growing at an incredible pace. This growth means that there are many opportunities for anyone who wants to get involved with the gaming ecosystem.

If you love video games, then you should consider joining the Enjin community. We’re building a platform where gamers can earn cryptocurrency while they play games. It’s a win-win situation because gamers get paid to play games and we get paid to build a great product.

In this article, I’ll explain how to join the Enjin ecosystem and why it’s important for any gamer to do so.

2022 has seen a 12 months of progress as growth and development accelerated throughout the year.

From the Enjin ecosystem to the broader non-fungible token (NFT) house, we have seen an inflow of manufacturers and builders adopting the expertise we have been passionately constructing earlier than it was a buzzword.

The arrival of free NFT transactions by means of JumpNet has infused our ecosystem with a new power: 8.5 million blockchain belongings have been minted in a matter of some brief months, and our userbase of official adopters has practically doubled in measurement, attracting initiatives from health & wellness to esports, professional dancers to virtual worlds.

Past the exterior pleasure, we have additionally been rising internally, diligently building up our crew and enhancing our merchandise to fulfill the elevated demand.

This is what’s been occurring behind the scenes.

Efinity

In March, we launched Efinity: a next-generation blockchain for NFTs constructed on Polkadot. Since then, we have been laborious at work alongside the Parity Applied sciences crew to construct a token freeway that can join and serve your complete NFT house.

Listed here are some key updates as we progress with Phase 1 of the roadmap.

Internally, we now have an early alpha of Efinity operating, with the bottom options for creating and interacting with tokens:

• The multi-asset pallet for creating, minting, transferring, and burning tokens is 75% full.
• The Paratoken standard, which will probably be interoperable with your complete Polkadot and Kusama ecosystem, is 50% full
• Optimized batch and storage operations will enable as many as 40 million NFTs to be minted or transferred in 1 transaction/block. The price for minting or transferring hundreds of thousands of tokens is a number of orders of magnitude lower than any Ethereum transaction, together with ERC-1155 mints/transfers. Observe: these numbers might fluctuate barely when Efinity is launched.
• A REST API for interacting with Efinity, which can be accomplished with the official Polkadot.JS pockets.

Future Efinity developments will introduce Enjin Coin (ENJ) staking, permitting you to earn rewards in Efinity’s native token, EFI. Extra info on this will probably be shared in the future replace.

As we gear up for the general public launch of EFI on August 4, we might like to increase our honesty because of everybody who helps make the Efinity imaginative and prescient an actuality: our non-public sale and public sale participants, CoinList, our loyal adopters—and naturally, our neighborhood and crew.

Study extra about why we’re constructing Efinity in our recent interview with Kraken.

JumpNet

In June, we unleashed JumpNet to the general public—free, prompt NFT transactions finally!

In its preliminary launch, JumpNet options an Enjin Coin bridge. This lets you transfer your ENJ between Ethereum and JumpNet, and full core actions similar to NFT minting, distributing, buying and selling, and extra, without charges.

The second JumpNet bridge in growth is for ERC-1155 tokens, which are predicted to launch in August. This can allow you to maneuver your present ERC-1155 tokens onto JumpNet by means of the Enjin Pockets, and transfer them again to Ethereum within the occasion you wish to enter the broader NFT ecosystem.

Previous to the public launch, JumpNet handed an unbiased safety audit by Securing, with no direct danger impacts or threats detected.

With velocity, charges, and safety addressed, we have additionally made JumpNet carbon-negative, so you may benefit from NFTs free of charge to you—or the atmosphere.

Platform

Wealthy Media Assist

We launched MP4 and GIF support to the Enjin ecosystem in June, permitting creators to mint wealthy media NFTs, with full help throughout our merchandise.

Due to our highly effective API, the Enjin Pockets is the one blockchain pockets in the marketplace to natively help MP4/GIF capabilities.

v2 Schemas

The Enjin Platform v2 schemas have been a labor of affection.

Because of the launch of our Platform and API, we have obtained a ton of helpful suggestions from our adopters and neighborhood and recognized numerous areas for enhancement relating to the event expertise.

Practically a 12 months within the works, we’re proud to share that an alpha model of the brand new schemas is at the moment being examined in early entry by our adopters. Following this closed testing interval, we goal to launch it to the general public in Q3.

In brief, the v2 schemas are extra intuitive, constant, logical, and cater to way more performance.

We have addressed points inherent to queries, improved the logic for processes similar to participant onboarding, and ensured that responses are in keeping with what you’d anticipate whereas testing and in manufacturing.

New schemas additionally mean we’re overhauling and upgrading our documentation. Striving to make it so simple as potential for anybody to get began with our software program, we’ll be ranging from scratch and transferring to a brand new, extra developer pleasant platform and interface, with click-to-copy code primarily based in your language.

SDKs

Alongside the brand new Platform schemas, we’re additionally growing open-source SDKs with identical logical construction. First up will probably be SDKs for C#, C++, and Java, which we plan to launch in Q3 2021, adopted by further languages similar to PHP.

Shifting ahead, we’re dedicated to energetic, open-source growth around our SDKs and welcome your contributions.

Have a suggestion for which SDK we must always work on subsequent? Let us know.

Permissions System

A brand new enterprise permissions system is nearing completion, which is able to give shoppers like Microsoft extra granular management over entry to their challenge(s) and belongings.

Designated teams like “Beamer” and “Minter” can be utilized to grant particular capabilities, and entry could be restricted to sure belongings and portions.

For bigger organizations, this can make it simpler to collaborate throughout groups and departments. Keep in mind the Azure Space Mystery occasion in February? With this new system, the Azure Heroes crew would’ve been capable of simply granting entry to Azure Advocates to mint, handle, and distribute their customized Area Learner NFTs.

Pockets Daemon

Enhancements are additionally coming to the Wallet Daemon. We’ve got rewritten your complete daemon in Go, which allows us to not solely considerably simplify the consumer and onboarding expertise, but in addition to extracting the absolute best efficiency resulting in improved transaction throughput.

We will probably be releasing a binary that works on Home windows, macOS, and Linux. No extra having to put in Node so as to make the most of the daemon—simply obtain and run by way of the command line.

To additional shield our customers, we’ll even be signing all Home windows binaries, together with notarizing all macOS binaries.

Beam

The flexibility to distribute NFTs totally free on JumpNet has shortly elevated the demand for entry to Beam, and we’re excited to lastly get this tech in your palms!

To arrange Beam for public consumption, we have been working with our buddies at Microsoft on enhancements to the consumer interface and expertise. We have additionally been stress testing by means of automated checks and exterior QR drops, similar to our 50,000 #MyFirstNFT campaign in Could.

Beam will first be opened in early entry to our adopters in Q3, adopted by public early entry, and launch later this 12 months. At the moment, we goal to have Beam transactions fulfilled an extra 150x sooner than on present occasions.

Quicker declare course of = bigger drops! One step nearer to getting NFTs within the palms of everybody.

Pockets 2.0

The flagship Enjin Wallet was the primary piece of our product ecosystem launched 3.5 years in the past. Over time, it is turn out to be a Swiss Military Knife for blockchain, with the whole lot from in-wallet exchanges to blockchain gaming help.

Now, it is time to stage up.

We’re rebuilding the app from the bottom up, to ship top-of-the-line expertise for interacting with cryptocurrency, Defi, and NFTs.

The brand new app will comprise the identical defense-grade safety structure that provides you peace of thought with the present model, together with an abundance of the latest options and integrations to make it the one blockchain pockets you may want.

In its preliminary launch, the app will characteristic

• a totally new interface and expertise
• large help for brand spanking new cash and chains like Cosmos and Matic
• built-in DEXs
• a revamped DApp Browser with WalletConnect helps to make it simpler to hyperlink as much as your favorite blockchain initiatives
• help for all ERC-1155 and ERC-721 NFTs

…and far more to come back!

Although our growth timeline has shifted, we have made vital strides towards making seamless expertise for the whole lot all the way down to the settings, and we’re desperate to get Pockets 2. Zero in your palms This autumn.

NFT.io

We’re growing NFT.io to be the last word market for all NFTs.

Whereas we’re not able to share the small print of its superior options simply, we now have some thrilling companions and plans lined up for the positioning and look ahead to sharing extra when it is launched This autumn of this 12 months.

Going Forward

In conclusion, Enjin has been growing rapidly over the past year, and we have a lot of exciting news coming soon. We’ve seen a huge increase in user adoption, and we’re excited to see where this goes next.

2021  provided a thrilling 12 months for the NFT house, and the Enjin ecosystem isn’t any exception to that.

As we proceed with growth on every of our core merchandise and options, we’ll definitely maintain you up to date in the best way.