ENJ Infusion Returns with More Ways to Back and More Reasons to Infuse

In 2018, Enjin introduced a revolutionary concept that redefined the value of non-fungible tokens (NFTs): ENJ Infusion.

By embedding Enjin Coin (ENJ) into NFTs, each token had an inherent base value, setting a new standard for digital assets.

With the upcoming release of Enjin Blockchain's ‘Kampong Glam’ upgrade on September 9, 2024, Enjin Infusion is set to make its grand return, re-designed to empower a new wave of Web3 use cases.

What is Infusion?

ENJ Infusion has always been a unique staple of the Enjin Ecosystem and a fundamental tenet of Enjin Coin's utility. The option to embed Enjin Coin (ENJ) into any item created on the Enjin Platform separated Enjin from other Web3 projects by making its token accessible to game developers and players.

Projects can inject value into their tokens, and their holders can unlock the value by melting the item—a process that burns the asset to release the embedded ENJ.

Enjin's revamped ENJ Infusion mechanics offer powerful new capabilities designed to significantly increase the utility of a creator's NFTs while also improving holders’ user experience.

No Transaction Fees on Backed Tokens

Enjin Blockchain is set to revolutionize Web3 once again with a solution that allows developers to launch fuel tanks that eliminate transaction fees for NFTs backed by ENJ. This development transforms the user experience and accelerates the mainstream adoption of crypto gaming.

Imagine a world where players can transfer, list, and sell their prized digital assets without worrying about gas fees. This feature is still in development, but Enjin is already preparing to launch a community fuel tank that will cover transaction costs for all tokens on Enjin Blockchain that are backed by 1 or more ENJ.

For creators and developers, this presents an opportunity to enhance their offerings and attract a wider audience. By infusing their NFTs with ENJ, they can ensure their community enjoys seamless, cost-free interactions with their digital assets. This improves user engagement and demonstrates a long-term commitment to the collection's value and sustainability.

The implications for mainstream gaming are immense. Developers can now design Web3 experiences that rival the seamless nature of traditional games, removing one of the biggest barriers to entry for curious gamers. As players discover the joy of truly owning their in-game assets without the burden of transaction fees, the appeal of Web3 gaming skyrockets.

Instant Value from Day One

Infusion transforms digital assets into tangible stores of value from the moment they're created. Through ENJ infusion, creators can now imbue their NFTs and tokens with intrinsic worth, setting a new standard for value in the Web3 gaming ecosystem.

When minting assets on Enjin Blockchain, creators can infuse their items with Enjin Coin (ENJ). This process establishes a base value for each token. The infused ENJ becomes an inseparable part of the NFT, accompanying it throughout its journey across the blockchain, regardless of ownership changes or game transitions.

Users can choose to "melt" their infused NFTs, instantly retrieving the full amount of ENJ stored within. This ensures that digital assets always retain a minimum guaranteed value.

For game developers, ENJ infusion allows for creating valuable in-game items that players can spend time earning with confidence. This mechanic fosters deeper engagement and loyalty, as players know their assets hold value beyond the confines of a single game.

This ENJ infusion process mirrors the original, proven mechanics that have made Enjin a leader in Web3 gaming. By building upon this solid foundation, Enjin Blockchain is poised to catalyze exponential growth in the ecosystem.

Enabling Holders to Infuse

Enjin is taking the concept of ENJ infusion to new heights, putting power in the hands of token holders.  Now, creators can open the doors for holders to infuse ENJ into their favorite tokens or add to the existing ENJ backing of already-infused assets. Players can now contribute to the value of their prized digital possessions, creating a dynamic, community-driven economy.

The implications of this enhanced infusion system are far-reaching:

1. Personal Value Storage: Players can use their favorite NFTs as a secure way to store ENJ within their most cherished digital assets.
2. Gifting Reimagined: ENJ infusion creates a novel way to package and send valuable gifts to friends and family, merging sentimental and monetary value in one digital package.
3. Innovative Game Mechanics: Developers can design gameplay elements that encourage players to back their in-game items with ENJ. This opens up new monetization avenues, where games can reward users for utilizing ENJ-backed resources, creating a win-win scenario for both players and developers.
4. Value Protection: The system is designed with built-in safeguards, ensuring that once ENJ is infused, the token's base value can only increase, never decrease. This feature projects confidence in the long-term value of digital assets.
5. Unlimited Potential: With no maximum limit on ENJ infusion, the sky's the limit for how valuable these digital assets can become. This unlimited potential creates possibilities for rare, highly sought-after items in the gaming multiverse.

This innovative approach enhances players' value proposition and creates new avenues for developers to engage their user base.

The Magic of Retroactive Infusion

With retroactive ENJ infusion, token creators and holders can now add value to previously minted NFTs.

This functionality ensures that no NFT collection is left behind. Creators can enhance the appeal and worth of their earliest works by infusing them with ENJ. For holders, this means their existing digital assets can gain newfound value and utility, transforming once-static collections into dynamic collectibles.

As ENJ infusion gains traction, it has the potential to spark a renaissance in existing NFT collections, driving renewed interest and engagement across the entire Enjin Ecosystem. This approach positions Enjin Blockchain at the forefront of Web3 gaming, paving the way for exponential growth and the onboarding of billions of users into this dynamic, value-driven digital frontier.

Learn all about Kampong Glam, the September blockchain upgrade that is set to deliver many long-awaited features.

The Multiverse Reborn with ENJ-Backed Rewards

Enjin is set to reignite the world’s first cross-game experience with the highly anticipated relaunch of the Multiverse on August 27th, followed by the thrilling commencement of the first Multiverse Quest on September 27th. This event marks a new era in Web3 gaming, offering players opportunities to earn valuable, cross-game digital assets.

At the heart of this exciting relaunch is the introduction of Shadowsong, the rarest and most coveted multiverse item to date. Participating games will have the unique opportunity to reward their most dedicated players with this digital treasure.

What sets Shadowsong apart is its inherent value – each new NFT will be backed by 1 ENJ, ensuring holders can enjoy seamless, fee-free transactions across the Enjin ecosystem.

Source : Enjin Blog - Aug 12, 2024