A Deep Dive Into DePin (Decentralized Physical Infrastructure)

The Decentralized Storage War: Filecoin vs. Arweave

5 Things That Decentralized Storage Aims to Fix

## स्टोरेज (STORJ) क्या है?
 
 Storj, जिसे "स्टोरेज" कहा जाता है, एक ओपन-सोर्स क्लाउड स्टोरेज प्लेटफॉर्म है। मूल रूप से, यह उपयोगकर्ता डेटा को होस्ट करने के लिए नोड्स के विकेन्द्रीकृत नेटवर्क का उपयोग करता है। प्लेटफ़ॉर्म उन्नत एन्क्रिप्शन का उपयोग करके होस्ट किए गए डेटा को सुरक्षित भी करता है।
 
 दिसंबर, 2014 में प्रकाशित एक श्वेत पत्र में, स्टोरेज को पहली बार एक अवधारणा के रूप में दुनिया के सामने पेश किया गया था। इसे एक विकेन्द्रीकृत [पीयर-टू-पीयर](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) एन्क्रिप्टेड क्लाउड स्टोरेज प्लेटफॉर्म होना था।
 
 दो साल बाद, एक अपडेटिड श्वेत पत्र प्रकाशित हुआ। यहां, एक विकेन्द्रीकृत नेटवर्क — उन उपयोगकर्ताओं को जोड़ने वाला जिन्हें क्लाउड स्टोरेज स्पेस की आवश्यकता है, जिनके पास बेचने के लिए हार्ड ड्राइव स्पेस है - का वर्णन किया गया था। प्लेटफॉर्म 2018 के अंत में लॉन्च किया गया था।
 
 जिनके पास हार्ड ड्राइव में खाली जगह और इन्टरनेट की अच्छी कानेक्टिविटी है वे नेटवर्क में भाग ले सकते हैं। वे नेटवर्क की एक इकाई बन जाते है, जिसे नोड कहा जाता है। जगह दाताओं को स्टोरेज टोकन्स द्वारा पुरस्कृत किया जाता है।
 
 ### स्टोरेज के संस्थापक कौन हैं?
 
 मई 2014 में शॉन विल्किंसन ने स्टोरेज की स्थापना करी थी। विल्किंसन अटलांटा में स्थित एक सॉफ्टवेयर डेवलपर थे। उन्होंने देखा कि कैसे विकेंद्रीकृत क्लाउड स्टोरेज नेटवर्क बनाने के लिए ब्लॉकचैन तकनीक का लाभ उठाया जा सकता है।
 
 उनके सह-संस्थापक, जॉन क्विन के साथ, पहला श्वेत पत्र 2014 के अंत में प्रकाशित हुआ था। तब से, अवधारणा और विवरण बदल गए हैं। स्टोरेज का वर्तमान संस्कारण, V3, 2019 के मध्य में लॉन्च हुआ था।
 
 एक ब्लॉकचेन उत्साही होने के अलावा, व्यावसायिक विकास में क्विन की व्यापक पृष्ठभूमि थी। अपनी खुद की परियोजनाओं (स्टोरज सहित) को स्थापित करने से पहले वे निवेश बैंकिंग उद्योग में शामिल थे। इस अवधारणा को अंततः मई 2015 में एक कंपनी — Storj Labs Inc. के रूप में निगमित किया गया।
 
 कंपनी की स्थापना के समय, विल्किंसन ने सीईओ के रूप में कार्य किया। बाद में, कंपनी की कमान एक अधिक अनुभवी हाथ में सौंपने के लिए पद उन्होने पद छोड़ दिया, और वर्तमान में बेन गोलुब कंपनी के CEO के रूप में कार्य कर रहे हैं। विल्किंसन अब मुख्य रणनीति अधिकारी (CSO) हैं, जबकि क्विन मुख्य राजस्व अधिकारी (CRO) के साथ-साथ कंपनी के बोर्ड के सदस्य के रूप में कार्य करते हैं।
 
 मंच 2014 में सार्वजनिक-बिक्री में लगभग $ 460,000 मूल्य के 910 बिटकॉइन जुटाने में कामयाब हुआ। उन्होने तीन चरणों के बाद सीड फंडिंग में 3 मिलियन डॉलर जुटाए और फिर एक टोकन बिक्री आयोजित करी, जिससे उन्होने उसी साल में अतिरिक्त 30 मिलियन डॉलर जुटाए।
 
 ### वो क्या है जो स्टोरेज को खास बनाता है?
 
 एक विकेन्द्रीकृत क्लाउड स्टोरेज नेटवर्क के रूप में, स्टोरेज बहुत तरीकों से अद्वितीय है। इसमें से एक है कि पारंपरिक क्लाउड स्टोरेज समाधानों से उलट जो डेटा को बड़े-बड़े डेटा केन्द्रों में होस्ट स्टोर करते हैं, स्टोरेज हजारों स्वतंत्र कम्प्यूटरों के एक नेटवर्क पर चलता है।
 
 कोई भी व्यक्ति जिसके पास अतिरिक्त टेराबाइट्स उपलब्ध हो वो टार्डिग्रेड इन्स्टाल करके प्लेटफॉर्म पर नोड बन सकता है। केवल एक मजबूत और सुसंगत इंटरनेट कनेक्शन की आवश्यकता है।
 
 नेटवर्क की दक्षता का मतलब है कि पारंपरिक क्लाउड स्टोरेज सेवाओं को नियोजित करने की तुलना में मेजबान अपने डेटा के भंडारण के लिए बहुत कम भुगतान करते हैं।
 
 ### स्टोरेज (STORJ) के कितने सिक्के प्रचलन में है?
 
 शुरुआत में 500 मिलियन [$Storj](https://storj.io/blog/categories/tokens) टोकन [एथेरियम](https://coinmarketcap.com/hi/currencies/ethereum/) ब्लॉकचैन पर छापे गए थे। स्टोरेज लैब्स द्वारा एक टोकन बिक्री आयोजित की जाने के बाद, इनमें से 75 मिलियन टोकनों को जला दिया गया। अब प्रचलन में उपलब्ध कुल टोकनों की संख्या 425 मिलियन से थोड़ी कम है।
 
 2017 में, टोकन बिक्री से पहले, कंपनी ने रिजर्व में 245 मिलियन टोकन बंद कर दिए थे। टोकन बिक्री में ही 70 मिलियन टोकन प्रचलन में जारी किए गए थे।
 
 ### स्टोरेज नेटवर्क को सुरक्षित किस प्रकार किया जाता है?
 
 स्टोरेज लैब्स इंक, अपने नोड कम्प्यूटरों पर डेटा बनाने और सुरक्षित करने के लिए इन्स्टाल हुई टार्डीग्रेड सॉफ्टवेयर का इस्तेमाल करती है। बेनाम नोड्स का यह नेटवर्क हमारे डेटा की गोपनीयता को सुरक्षित रखने के लिए क्लाउड स्टोरेज सेवा प्रदाताओं पर भरोसा करने की आवश्यकता को हटा देता है।
 
 सिस्टम पीयर-टू-पीयर एन्क्रिप्टेड भी है, जिसका अर्थ है कि प्रत्येक फ़ाइल को स्वतंत्र होस्ट के नेटवर्क में फैलाने से पहले एन्क्रिप्ट किया गया है। प्रत्येक नोड को एक पूरी फ़ाइल का केवल एक रैंडम टुकड़ा मिलता है जिसमें डिक्रिप्शन कुंजी प्रत्येक नोड और होस्ट के बीच विभाजित होती है, जिससे इसे हैक करना लगभग असंभव हो जाता है।
 
 नोड संचालकों को डेटा की मेजबानी करने के लिए और साथ ही होस्ट की गयी फाइलों की सुरक्षा और प्रतिधारण की रैंडम रूप से पुष्टि करने वाली प्रक्रिया के लिए पुरस्कृत किया जाता है। उस प्रक्रिया को क्रिप्टो जगत में खनन ([PoW](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)) कहते हैं। स्टोरेज टोकन STORJ का उपयोग इसी उद्देश्य के लिए किया जाता है। जो व्यक्ति या संगठन नेटवर्क पर अपना डेटा स्टोर करना चाहते हैं, वे नोड्स को भुगतान करने के लिए स्टोरज टोकन प्रदान करते हैं।
 
 यह प्रणाली सुनिश्चित करती है कि उपयोगकर्ता डेटा हैक और अन्य दुर्भावनापूर्ण हमलों से सुरक्षित रहे। यह कुछ पृथक डेटा भंडारण इकाइयों में डेटा संग्रहीत करने के जोखिम को भी हटा देता है — जो एक नियोजित, समन्वित हमले के अधीन हो सकता है, जिससे उपयोगकर्ता डेटा का बड़े पैमाने पर नुकसान हो सकता है।
 
 ### आप स्टोरेज कोइन्स कहाँ से खरीद सकते हैं?
 
 सबसे शुरुआती ब्लॉकचैन समाधानों में से एक के रूप में, स्टोरेज टोकन में तरलता है। 50 से अधिक एक्सचेंजों में $Storj अन्य मुख्य मुद्राओं और क्रिप्टोकरेंसी के साथ सूचीबद्ध है, जिसमें Crypto.com और [बाईनेंस](https://coinmarketcap.com/hi/exchanges/binance/) शामिल है। आप [क्रेकन](https://www.kraken.com/) पर भी सीधे USD और यूरो में सीधा रूपान्तरण कर सकते हैं।
 
 [यहाँ](https://coinmarketcap.com/alexandria/categories/blog) जानें कि कैसे अन्य प्लेटफॉर्म एथेरियम ब्लॉकचैन का लाभ उठाकर नवाचार को आगे बढ़ा रहे हैं।

Storj

Trust Wallet

MetaMask

Atomic wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

ERC20

Tribe

Alchemy Pay

SwissBorg

iExec RLC

Chromia

yearn.finance

SushiSwap

Coin98

NetMind Token

Nettensor

GG MetaGame

Medifakt

Open Platform

Spectra Chain

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.

To learn more about this project, check out our deep dive of Livepeer.

As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.

Livepeer

What Is Ankr (ANKR)?

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:

Ankr Build
Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.

Ankr Earn
Ankr Earn makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.

Ankr Learn
Through Ankr’s learning tools, tutorials, and docs, anyone can become a better user or developer of blockchain-based systems.

Ankr

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Siacoin

SKALE, described as a modular blockchain network, is designed to bring scalability to Ethereum. SKALE is the only blockchain network capable of running an unlimited number of fast, on-demand, pooled-security Blockchains with zero gas fees to end users. These individual chains are known as SKALE chains and can be dapp-specific or shared.

The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.

According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.

SKALE

LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.

Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.

Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.

LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Loopring

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Aragon

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.

Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally.

Audius

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

Golem Network is an open-source, decentralized computing platform that is building an ecosystem to provide computing power to the AI industry. A peer-to-peer marketplace for distributed computing resources. Users engage directly on the Golem platform, exchanging GLM tokens for the utilization of their idle computing resources.

Golem allows to break down tasks into smaller subtasks and distribute them across multiple providers, enabling parallel processing. This approach boosts efficiency and speeds up the completion of complex computations.

Golem

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.

Orchid

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.

The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.

$FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.

The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.

Filecoin

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.