Enjin to Launch In-Wallet Token Swap Just One Month After New Blockchain Explorer

NEWS
Jan 20, 2019
2 min read

Today, Enjin announced via Twitter that their next update to the Enjin Wallet will be launched to Google Play and the App Store on January 29. Featuring in-wallet token conversion, the update will enable users to seamlessly trade tokens through three leading conversion platforms: Bancor Network, Changelly, and Kyber Network. Users will be able to choose the most suitable trading platform based on price, transfer speed, and available trading pairs, allowing them to swap between over 170 currencies without ever leaving their secure cryptocurrency wallet.

“We are very proud to work with Kyber, Changelly, and Bancor to make this a reality. We all share a very similar vision for what cryptocurrency can mean to the world, yet we’re all working to solve very different problems,” said Enjin CEO Maxim Blagov. “It’s extremely exciting to collaborate with active builders in this space. Together, we can breathe new life into this market by creating the tools needed for tangible adoption, which is what will ultimately create a sustainable, stable cryptocurrency market.”

Although the three token conversion services may appear quite similar at face value, each project has a unique core goal: Bancor is a decentralized liquidity network that enables on-chain conversions between 8700+ token pairs on Ethereum and EOS and is the first decentralized service which allows users to directly transfer value across multiple blockchains with no intermediary; Kyber’s liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem; and Changelly’s innovative system chooses the best rate among the large trading platforms market, acting as an intermediary between exchanges and users.

Enjin, on the other hand, is building a robust ecosystem of blockchain development tools that will enable anyone to create and integrate blockchain-based virtual items into their games, apps, and Internet-connected devices. The newest Enjin Wallet update comes on the heels of the company’s recent launch of EnjinX, which has been described as the world’s fastest blockchain explorer. After two major releases in under a month, Enjin will soon also upgrade EnjinX to support the ERC-1155 and ERC-721 token standards which will enable users to browse blockchain assets ranging from gaming items and collectibles to digital art and even blockchain-based books.

In an effort to promote adoption of the Ethereum blockchain, Enjin will soon launch a software development kit (SDK) to Unity, a leading development platform that has been used to create games and apps that have been downloaded to over 3 billion devices. Unity Technologies has announced plans to list Enjin’s Blockchain SDK on the front page of their Asset Store for a whole year. As the world’s largest game development platform, Unity’s listing of the Blockchain SDK will enable 4.5 million Unity developers to mint, manage, and integrate blockchain-based virtual items into games for Xbox, Playstation, Android, iPhone, Windows, Mac, and more than 20 other well-known platforms.