Hello Cryptogang, welcome to another LamboLife
video. Wow! When I first heard of Enjin Coin I thought
they were too good to be true. It’s just, I didn’t expect that they have come this
far. I mean, they were under the radar for so long until news of their partnership with
Samsung, suddednly catapulted them to the center stage of the crypto space.
And, lemme be honest with you, I don’t think Enjin was overhyped at all. Their coin did
pump yes, probably a little too fast. But relative to their achievements and perceived
value, I think it’s kinda justified. I’m not saying the price couldn’t go down, it
might. This market is crazy af. What I’m trying to say is, regardless of the price,
the fundamentals of Enjin are strong. And I’m a value investor, I tend to focus on
what I deem would win, in the long term. So Enjin Coin is a cryptocurrency for virtual
goods created by the Enjin company. But, their project goes beyond the currency itself. They
have half a dozen products and a suite of software development kits that developers
can integrate into their games and communities. Enjin Coin is a fundamentally designed to
be the most useful cryptocurrency in the gaming industry, and the other products are the infrastructure
to realize that goal. They are not here to create their own centralized
games, or gamer marketplace. They are building a sort of like an ecosystem that will encompass
the entire gaming industry. They don’t want a piece, they want the whole pie! This project
is very ambitious. And I can’t stress that enough.
And with all of this in mind I’m starting to think that gaming really is the killer
app. A killer app. There will be other killer apps too, but gaming will very likely be one
of them. The Enjin company has been around for a decade
but they only announced Enjin Coin almost 2 years ago. Since then, they’ve gone far
in terms of development, partnerships, and adoption. They already got listed in over
25 exchanges, including the most popular ones like Binance, early on in their crypto journey.
They created a whole bunch of products in their ecosystem. ENJIN NETWORK, ENJIN PLATFORM,
ENJIN WALLET, ENJIN BEAM, EFINITY. We’ll discuss each of those briefly so be sure to
finish the video to get the most out of me. Enjin was also able to win multiple strategic
partnerships with multiple companies from the gaming industry. They partnered with PC
Gamer, one of the biggest gamer magazine from the UK. They also allied with game developers
such as the open source game engine community, Godot. Godot is an open source game engine
for building 2d and 3d games. I don’t how exactly they partnered with an open source
community, but they did. What’s even more impressive is how they got into bed with Unity
Technologies, the creators of the Unity game engine. If you’re a game developer, this
will probably give you goosebumps, coz Unity, atleast according to them, is the world’s
leading game engine; and is used to create half of the world’s games. Yeah! I’m not
sure how accurate this is, but I have observed that most indie games are built on Unity.
No doubt, they are big. Oh.. and by the way, Enjin also partnered
with NRG, an esports organization based in California. NRG has rosters in Clash Royale,
Dragon Ball FighterZ, Fortnite, Counter-Strike: Global Offensive, Overwatch, Smite, Hearthstone,
etc. Among all the partnerships, the one thing
that stood out in the public’s view is their deal with Samsung.
Boom! Just look at that graph. As you can see it was going sideways until near the end
of February when it suddenly pumped. That was the time when their partnership was still
a rumor. As you can see at the bottom part, there was also a sudden spike in trading volume,
because a lot of people were buying; but it settled down quick, as people might have realized,
it was just a rumor afterall. But on the 8th of March, it was confirmed that the rumors
were actually true, and then it pumped further before settling down again.
The point I’m making here is that a big company like Samsung can drastically cause
prices to skyrocket. It’s not just Enjin alone but all other Dapps that Samsung incorporated
in their crypto wallet, which by the way, isn’t even pre-installed.
For me, the only thing Samsung truly does, other than hype, is help legitimize Enjin
Coin; that is to say; affirming that their project has real substance, and not simply
a marketing machine unlike most other cryptocurrencies. But what really counts is the development
of their ecosystem, and their partnership with notable companies and organizations from
the gaming industry. Samsung is their boost. But they are gonna
have to do right by the gamers they will ultimately serve.
When assessing the value of a cryptocurrency, atleast from an investor’s point of view,
you need to take into account the company or organization that is building it. How big
is their company? What is their goal? So I wanna share just enough information about
the Enjin company. Believe it or not, they’ve been around since 2009, around the time when
Satoshi first introduced Bitcoin to the world. It goes without saying, they didn’t start
out as a crypto company. They didn’t plan to build Enjin Coin and their blockchain gaming
tools. Not at first. But in those very early days, what they did
was launch their first product: a gaming community platform called the Enjin Network, and they
have been deeply involved in the gaming industry since. One decade later; boom! They now have
over 30,000 gaming communities and 20 million users in their platform.
In July of 2017 they announced Enjin Coin, and launched a successful ICO crowdsale on
October that same year, raising 23 million dollars. Considering how a lot of shitcoin
ICOs raised over a hundred million dollars, I’d say Enjin was being really generous
asking only 23 million, for a crypto project that’s supposed to dominate the gaming industry.
Now let’s talk about their products. Talking about Enjin products would likely take a whole
series, which is what I’m intending to do. But in this video, I’ll just give a quick
overview so you’ll have a general idea. First is the ENJIN NETWORK. What is it? Well,
it is the gaming community platform. It is used by gaming clans and guilds. This is the
platform that has all those 20 million users I talked about earlier. The Enjin Network
provides infrastructure such as a website builder, website hosting, game forum boards,
social network, and many more. It’s an all-in-one platform for gaming communities and many guilds
and clans from popular games have used this platform. People from World of Warcraft, Call
of Duty, and many other games come here to create and manage their communities.
Now, let’s talk about the ENJIN PLATFORM, and it’s very interesting considering that
they’ve just announced their launch on the Ethereum Testnet a few days ago. The Enjin
Platform is a blockchain Platform as a Service. It allows you to create and manage blockchain
games, without the complexity of building and maintaining any blockchain infrastructure,
or writing any blockchain-related code. So if you’re a game developer company, with
no history with blockchain, the Enjin platform might be a worthwhile investment. You could
say this is an all-in-one game development platform.
Let’s proceed to the ENJIN WALLET. The Enjin wallet is not just another crypto wallet.
It has a simple interface and great user experience. Not only does it support Enjin, but also Bitcoin,
Litecoin and ERC20 tokens. You see, people don’t want to have many different wallets
with different passwords; it’s not user friendly. This is why I think the Enjin wallet
adds a lot of value to their ecosystem. You can also store your collectibles on the
wallet which can be everything from gaming multiverse items to membership tokens. It’s
a wallet that caters for everybody’s needs but adds an extra and specific use case for
gamers. Furthermore, they took this a step further by adding support to the so-called
ENJIN BEAM. According to them, Enjin Beam is the world’s first scan-and-receive QR
code-type item distribution system for cryptocurrencies and blockchain items. Basically, this allows
users to receive cryptocurrencies and blockchain assets by scanning a QR Code through the mobile
wallet. Then, there’s ENJIN MINTSHOP, their Blockchain
Asset Creation Service. This allows users with no development experience to create blockchain
assets. They will be the using the brand-new ERC-1155 tokens, which has already minted
over 20,000 tokens. We will discuss ERC-1155 in another video.
And of course, their scaling solution, Efinity. As of now, Efinity is still in development
phase. Soon, it will serve as the network for performing highly scalable gaming transactions.
With Efinity, a game will be able to perform nearly infinite volumes of transactions between
millions of players and the game server — at high speeds and nearly no costs. Alright, so to wrap this up, Enjin Coin is
a blockchain ecosystem, for building a suite of products that enable anyone to easily create,
manage, trade, store, explore, distribute, and integrate blockchain assets. They were
founded by the Enjin team, and they’ve been involved in the gaming industry for decade.
Damn it feels good to be in crypto! Alright. I wasn’t able to discuss any drawbacks in
this video, there’s just a lot that I need to know first before I spit out some fiar.
Not that I’m biased to Enjin, I love Enjin but, facts are priority. In the upcoming Enjin
videos, I will go deep in discussing their different products as well as their drawbacks.
And just about anything I haven’t discussed in this video.
So if you haven’t done it, maybe you should subscribe. I mean, I don’t wanna tell you
what to do, but all you gotta do is click it and you’ll be notified in every upcoming
videos. Alright guys. See you on the flipside!