Enjin stands out among blockchain-based gaming and NFT platforms. Thanks to its features, like the capacity to develop customized assets and incorporate them into its games. In this article, as we introduce Enjin, we compare it to other top platforms available today.
Introduction to blockchain-based gaming and NFT platforms
Blockchain technology has shown a lot of promise, benefiting a wide range of industries. And the gaming industry is one of the beneficiaries.
Crypto Gaming, or Blockchain-Based Gaming, is a quickly growing trend in the gaming industry. It involves the reliance on blockchain technology to fuel the gaming business.
These types of games offer numerous advantages for players and developers. Players can buy, sell, and trade assets that come with rarity and ownership—something impossible before. Due to their immutability, these assets, called NFTs, fetch better prices. This positive development has to do with these assets being stored on a blockchain. Additionally, these gaming platforms offer players a space to flaunt their status and accomplishments. All of this means more revenue. Further, the interactions between players are another benefit of blockchain games. As they buy and sell virtual goods, players contribute to a thriving digital economy that developers benefit from. Blockchain gaming is, therefore, thriving.
An overview of the landscape of blockchain-based gaming and NFT platforms: Key players, market sizing, and the main trends
The number of players entering the blockchain-based gaming market has seen a significant spike in recent years. The number of apps in this market has grown to constitute 48% of all blockchain activity, as of January 2023, according to a DappRadar report. And a Markets and Markets research report shows that the blockchain-based gaming market is expected to grow to $65.7 billion by 2027. Decentraland, and Axie Infinity are some of the important market participants. In this article, we focus on a lesser-known game that is showing a lot of potential—Enjin.
A comparison of Enjin with other blockchain-based gaming and NFT platforms
Enjin is one of the key players in the blockchain-based gaming and NFT platform space. But it comes with features that set it apart from other players in the market.
Key features of Enjin
Developers can create and manage their digital assets more easily with the help of Enjin. Enjin comes with two useful tools—a game development kit and a plugin for Unity. These are the tools that help developers incorporate digital assets into their games.
To manage NFTs and crypto through the Enjin wallet, users have to simply scan a QR code. And entrepreneurs can create projects and custom coins without any coding knowledge. Plus, Enjin has a dedicated marketplace for NFT trading.
Additionally, the platform provides a strong security framework.
Key features of competitor platforms
Other market participants, like Decentraland and Axie Infinity, also offer features similar to those of Enjin. Users can create, experience, and make money from their content in Decentraland. Developers can access a variety of tools on it, including a scripting language and a game development kit. Users of the blockchain-based gaming platform Axie Infinity can gather and combat creatures known as Axies. A variety of features, such as a marketplace for buying and selling Axies and a battle arena, make the game interesting and attractive.
Advantages of Enjin
Enjin has several advantages over other market players. For instance, because it places security on high priority, it offers a wider variety of security features. It also gives developers many tools and resources that make it simpler to create and manage digital assets.
Advantages of competitor platforms
Although Enjin dominates the blockchain-based gaming and NFT platform market, Axie and Decentraland can’t be overlooked. For instance, Decentraland lets users develop, use, and make money from their apps and content. Developers now have new opportunities to produce immersive, interactive, and exclusive experiences. Decentraland also offers a variety of developer tools, such as a scripting language for making games and experiences and a game development kit.
The future of blockchain-based gaming and NFT platforms
Going by the rapidity with which crypto and blockchain technology is growing, it appears this trend is here to stay. In fact, the growth will only intensify over the next few years. With this, the future of gaming is likely to be heavily influenced by crypto gaming.
An important factor in this growth is the potential for new, cutting-edge gaming experiences. Another one is the capacity to monetize digital assets and establish new revenue streams blockchains offer. Additionally, creators and users are expected to place more value on security and decentralization with time. And those are both things that blockchains offer.
Enjin is well-positioned to take the lead in the quickly expanding market for blockchain-based gaming and NFT platforms. Its lead has a lot to do with its distinctive set of features, strong emphasis on security, and comprehensive suite of developer tools.
However, other platforms, though, like Decentraland and Axie Infinity, also have their own benefits. So only time and a lot of research can reveal which will be the ultimate market leader.