The storing, trading and investment platform, Blockchain.com has just recently acquired a stake in the blockchain game tech development firm, Enjin.
— Blockchain (@blockchain) 22 October 2019
The Blockchain Ventures Mangement company highlighted earlier this week that the recent move makes it the first equity investor in Enjin’s gaming tech platform, which allows tokenised in-game items to be transferred all over the Ethereum-based games designed on its platform.
The size of the investment hasn’t been publicly disclosed yet though.
Enjin has developed numerous applications to support its evolving ecosystem, which include a blockchain-based wallet, a collectables marketplace and a game development platform that allows third-party developers include blockchain capabilities into their designs.
In the blog, Blockchain.com’s post stated:
“[Enjin’s] team has worked to solve many of the issues with today’s gaming infrastructure by creating the full suite of tech required to enable an excellent on-chain gaming experience. This includes a feature-rich wallet, a block explorer and marketplace, airdrop product, and an Ethereum token standard (ERC-1155)—all designed from the ground up to enable blockchain-based games to be easily played, scaled, and enjoyed.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!