This week, Enjin Coin, a modular blockchain platform focused on tokenized gaming, came into the limelight and saw the ENJ's cryptocurrency price rise sharply, and project leadership confirmed that the Ethereum-based coinage was one Partnership with the international smartphone manufacturing was received by Titan Samsung Electronics.
After Samsung announced its crypto-friendly Galaxy S10 smartphone last month, it swelled that the Samsung's integrated Samsung Blockchain keystore would support at least Ether (ETH) and ERC20 tokens. A revealed image of the keystore had shown in-app allusions to the ETH, ENJ, and Basic Attention Token (BAT).
Enjin Coin, however, received much more than ERC20 support on the S10 when Simon Kertonegoro, Enjin's vice president of marketing, later confirmed his team's partnership with one of Samsung's largest armies.
"While I can confirm that we have an official partnership with Samsung, I am not free to disclose other information at this point."
Kertonegoro said to CoinDesk.
There are no special features for the collaboration, except that both partners are from South Korea, and that smartphone technology will be almost central in team-up.
FOMO enters, ENJ Price makes a run
The warm news of the launch led to investors accurately accumulating in ENJ, cryptocurrency rising into the 40 largest cryptocurrencies due to market capitalization, and increasing the ENJ price by nearly 80 percent that day.
Watch out $ ENJ is madness. Talked about @enjin For 2 years, this project has never had so much attention.
Lesson learned: Solid technique wins, but boy, it's been 2 years.
Now takes over irrational FOMO pic.twitter.com/omRyZ440OX
– Boxmining (@ boxmining) March 8, 2019
In a tweet that had since been deleted, even Binance boss Changpeng Zhao came into the shouting. Zhao responded to the comments of the popular cryptocurrency boxing and said: "Congratulations to ENJ, solid tech wins."
- The deleted tweet. Image via Google
As part of the partnership's revelation, Boxmining has closely monitored rumors and leaks around the ENJ and Samsung networks and highlighted how alleged S10 images directly support the project's ENJ and ERC1155 brand standards.
Alright, we know about that so far $ ENJ
* @enjin Purse directly accessible @Samsung Mobile Block Chain keystore
* ERC1155 support in Samsung Blockchain keystore
* No known pre-installations (seems to be out of control) pic.twitter.com/mbYgbZwO9o
– Boxmining (@ boxmining) March 8, 2019
The crypto gaming marriage
A fruitful perspective for token platforms are non-fungible tokens (NFTs) or assets that exploit digital scarcity. The ability of NFTs to promote new types of digital commerce is often cited as an example of how cryptocurrencies can add new and innovative dimensions to the booming gambling industry.
So the Enjin program? Streamline game tokenization by making it easier and more efficient to create NFTs than is possible with existing ERC standards.
"ERC-1155 takes a new approach to defining tokens," said Enjin co-founder Witek Radomski in 2018. "Items are now stored in a single contract, with the minimum amount of data required to differentiate the token from other tokens. The contract status contains configuration data per token id and the overall behavior that governs the capture. "
In this context, the obvious embrace of Enjin by Samsung is not necessarily surprising. The eSports scene has exploded in South Korea and beyond in recent years. In collaboration with Enjin, Samsung has positioned itself to penetrate the cryptocurrency and gambling markets, both of which could achieve further explosive growth over the next few decades.
Your Alts are coming back stylish
As the crypto-economy peaked in 2018, even the big and positive news did not seem to increase crypto prices, if that.
However, the situation was somewhat different in 2019 as some olds have seen some momentum lately – enough momentum to ask more traders if the bearish crypto economy is starting to turn bullish.
Some of the biggest sales this year were Litecoin (LTC) and Binance Coin (BNB). Smaller projects that have been doing well recently have been ENJ and ChainLink (LINK), a decentralized Oracle middleware project. It remains to be seen, however, whether these price rounds are only controversial in a broader bear market.
The contribution of Enjin Coin increases after the project has confirmed the partnership with Samsung Electronics, first appeared on Blockonomi.
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