Why minting through the Enjin Coin makes games exceptionally well made, is something we all were thinking after its launch back last year. The concept was amazing, but, gamers were still lost on whether game creation in this decentralized way can bring any satisfaction at all.
But, after a little digging, we were able to understand how it works and why it is necessary to have games make this way, it all made sense and if you are to save the gaming-verse then you too my friend, must know and understand the status quo and the threat.
The threat to our wonderful world of gaming is that with the countless blockchain games disrupting the gaming industry it is highly possible that most games fail and the space turns in to a wasteland of poorly received blockchain failures. There is no way to help understand what makes a game good, whether we need another card collectible game or if a game will succeed. There is no intelligence and there is an oversupply of stupid ideas. But, Enjin is really putting in the work to troubleshoot and to correct.
The items created using Enjin’s development platform is backed by Enjin Coin (ENJ). The coin is different and its purpose is to sift and improve. This will help filter out the good from the bad and have a threshold for goodness before a game can be launched. This is done by the help of simple features of the platform:
Guaranteed Value: Items backed by ENJ have a guaranteed base value. Supporters know they can retrieve the Enjin Coin from within their items at anytime by using the “Melt” feature in the Enjin Wallet.
Certificate of Authenticity: The ENJ stored within assets proves their provenance and certifies their compatibility with the Enjin ecosystem.
Hyperinflation: If everyone can create infinite digital assets, how do we prevent the oversupply of assets from tanking their value?
Other important features include Digital Scarcity of Items, Tangibility, The Gold Standard, and the ability to melt the coins and to reduce the risk for the investors, developers and gamers alike. This changes everything.
This increases confidence in the assets and faith in the projects offering them. As existing assets are melted, scarcity will increase over time, thereby lowering the supply of assets and increasing their demand. This is a big step in the right direction for blockchain auto correction and to keep game makers on auto pilot leading to better exit strategies keeping the ecosystem healthy and clean for new games without boring people.