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Enjin and Coincheck Are Working on Cryptocurrency Items for Minecraft

· in Breaking, Crypto News, Ethereum News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Both Enjin and Coincheck are working on blockchain-based items for Minecraft. The goal is to offer users with non-fungible tokens based on the Ethereum blockchain. By using an Enjin’s plugin called EnjinCraft, users will be able to start using these items inside Minecraft. 

Enjin and Coincheck Develop Crypto Items fo Minecraft

While most of the games are now offering users with the possibility to buy items in-game, it is highly possible all of these items are not based on blockchain technology. However, with a recent partnership between the blockchain company Enjin and the Japanese cryptocurrency exchange Coincheck, users will be able to use blockchain-based items on Minecraft. 

As per the official announcement, users will be able to start enjoying these items by installing the EnjinCraft plugin. This would be useful for users to enjoy and experience new possibilities in-game and enjoy the benefits of distributed ledger technology (DLT). 

At the moment, Enjin is going to be working on its own items but there is no information related to whether Coincheck will be sharing with the community their own items. Enjin has been working since 2009 in the gaming industry and a few years ago it decided to enter the cryptocurrency market through an Initial Exchange Offering (ICO). 

With the services Enjin is currently offering, they are allowing the game industry and businesses to innovate using blockchain technology, attract new users and offer users better solutions for their gaming activities. 

Coincheck, instead, has been working for several years as a Japanese exchange offering trading services and solutions to users. Back in January 2018, the platform experienced a hack in which they lost around 500 million NEM (XEM) tokens. However, since that moment, the platform changed ownership and it was able to become a regulated company in Japan.

Nowadays, both Enjin and Coincheck are market leaders in what they are offering to clients and are among the most popular companies in the cryptocurrency market. 

Enjin, for example, has its own cryptocurrency, the Enjin Coin (ENJ). Since the last months of 2019, ENJ has been in a bull trend that was only interrupted twice. The first time was interrupted with the COVID-19 crisis in march that affected the whole crypto and blockchain ecosystem. The second time was a few days ago when Bitcoin fell from $12,450 below $10,000 for a brief period of time. 

ENJ is currently being traded around $0.169 and it surged 11% in the last 24 hours. 

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