Enjin is a Singapore-based technology company that provides services for building gaming communities as well as services for blockchain game developers. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin (ENJ), an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. It works also as a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users. Enjin was founded as a gaming community platform in 2009 by Maxim Blagov and Witek Radomski. The idea of introducing blockchain to Enjin was first proposed by Radomski after he became interested in Bitcoin in 2012, eventually convincing the company to accept it as a payment option. After learning about Ethereum and smart contracts, he decided he wanted to create his own blockchain-integrated software. According to Radomski, ENJ is unique in that every token minted with Enjin Platform, the company’s blockchain asset development platform that launched in February 2020, is directly backed by ENJ, giving in-game items real world liquidity. Similarly, Blagov has stated that the company is focused on adoption, saying he imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. Here comes a detailed information video courtesy of Coin Bureau.