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Crypto Gaming Platform Launches on Ethereum, Aims to Transform $120 Billion Industry

February 19, 2020

The blockchain gaming company Enjin has launched a new suite of tools designed to make it easy for developers to incorporate crypto assets into their games.

Enjin Platform is powered by the Ethereum network and allows game designers to utilize cryptocurrency without writing a single line of blockchain code.

“For more than two years, we’ve been working around the clock to build an integrated ecosystem comprised of easy-to-use products built on top of complex, next-generation blockchain infrastructure.

At a core level, the Platform democratizes the ability to create, mint, and manage next-generation blockchain assets. In other words, if you know how to use a smartphone, you should now be able to easily deploy both fungible and non-fungible tokens, simply by using our brand new Web Panel.”

The $140-billion gaming industry may be a natural fit for blockchain technology, which could be used to give gamers true ownership of their in-game items and currency.

Virtual in-game currencies such as Fortnite’s V-Bucks are already mainstream, and players are used to buying and trading assets like upgraded swords and armor.

According to SuperData, video games and interactive media generated $120.1 billion in revenue last year, a number expected to grow to $196 billion by 2022.

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