Enjin Wallet Upgrade to Open Doors for Mass Adoption of Blockchain Technology

PRESS RELEASE
Oct 26, 2018
3 min read

The latest Enjin Wallet update brings ERC-1155 melting and sending features, two new supported games, and the results of an extensive security audit.

Enjin has announced its latest update for the Enjin Smart Wallet, enabling users to send, receive, and melt ERC-1155 tokens, and opening up the potential for new blockchain use cases that have never before been possible. In the same announcement, Enjin also released the long-awaited third-party wallet security audit, along with support for two popular ERC-721 collectible games, Blockchain Cuties and Axie Infinity.

With the wallet’s new ERC-1155 send/receive feature, for the first time ever, companies will be able to mass produce completely unique tokens, while users can freely buy, sell, trade, give, or hold them forever. So, if a game studio wants to create 100 machine guns for their game, they can now mint the items in bulk in one simple transaction, rather than needing to deploy separate smart contracts for each individual item. Blockchain games CryptoFights and War of Crypto recently distributed mass-produced ERC-1155 blockchain assets to their communities, which will now be fully transferable through the Enjin Wallet.

The potential implications of this innovation extend far beyond gaming. For example, a seamless user experience for managing mass produced, unique tokens is a key requirement for blockchain adoption by the retail market, which brings in a whopping $24 trillion in sales per year. Utilizing branded blockchain assets such as custom-made collectibles, vouchers, points, memberships, and rewards can enable businesses of all sizes to boost customer retention through automated systems—and create viral marketing effects by distributing assets that can move peer-to-peer seamlessly.

Enjin has called for all entrepreneurs and developers within the games market and beyond to join their Early Adopter Program and discover how blockchain technology can help increase revenue, prevent fraud, and empower their userbases with true item ownership.

By design, every token created using Enjin’s development platform is imbued with an amount of Enjin Coin (ENJ) which is locked up within it. This attached ENJ guarantees the token’s base value, acts as a certificate of authenticity, and serves to curb hyperinflation of the growing digital asset market. With the Enjin Wallet’s latest update, users will now be able to melt down and effectively destroy their ERC-1155 tokens to retrieve the attached ENJ. This is the first time ever that users will have the power to seamlessly control these robust smart contracts with an Android or iOS app.

The Enjin Wallet will now also support ERC-721 collectibles for two more popular blockchain games, Blockchain Cuties and Axie Infinity, in addition to already supported assets from Gods Unchained, and CryptoKitties. To celebrate the substantial update to the Enjin Wallet, the Blockchain Cuties team is also creating a custom Enjin-themed Cutie as a salute to Enjin’s community.

In addition to feature updates, the Oru Security team’s third-party audit of the Enjin Wallet has been successfully completed and released. In summary, the report stated that the “overall security posture of the wallet application and the backend API is solid” and “the software is developed according to best practices.” Along with the enhanced wallet updates, this approved audit report will further cement Enjin’s leading position in the blockchain market as the team continues to pave the way for facilitating adoption in multiple industries.

The Enjin Wallet is the first of its kind to provide support for over 700+ cryptocurrency tokens, along with ERC-721 and ERC-1155 blockchain assets. Its innovative new features will help expand upon the wallet’s user-friendly experience and build momentum for mass adoption, utility, and outreach for all who wish to utilize blockchain assets in innovative new ways.

Featuring a clean and intuitive interface, one-touch fingerprint login, and the ability to monitor and manage unlimited blockchain addresses, the wallet also implements more vigorous security measures than most banking and finance apps, utilizing NSA-grade AES-256 encryption, ARM Compiler, RAM and hardware encryption, and a keylogger-proof keyboard.