Enjin Wallet today has become more powerful than ever with the latest update release!
Wallet users are now able not only to send and received ERC-1155 tokens but also to melt them! This feature alone can open the door to new blockchain use cases that couldn’t exist before.
Melting a Multiverse item (ERC-1155) will return to you the base value of the item, if for example, you melt a helmet which has base value 500 ENJ, the item will be destroyed and you will receive 500 ENJ.
Did we mention that Enjin Smart Wallet successfully passed the Oru Security team’s third-party audit? In summary, the report among others states: “overall security posture of the wallet application and the backend API is solid” and “the software is developed according to best practices.”
Games are now able to produce ERC-1155 assets in bulk with a single transaction, this revolutionary method makes easier the whole procedure for both developers and gamers, as the assets are now available in Enjin Wallet with full functionality. War of Crypto and CryptoFights recently distributed mass-produced assets with success.
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.
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.
Every ERC-1155 token has a base value, all minted tokens contain a number of ENJ inside which acts as a verification method and curbs the hyperinflation of the market.
This is definitely the first time ever that users can control these robust smart contracts using a smartphone device.
Blockchain Cuties team is creating a custom Enjin-themed Cutie to celebrate wallet integration.
Enjin Smart Wallet is the first to provide support for over 700+ cryptocurrencies, ERC-721, and ERC-1155 assets. It’s the most user-friendly wallet available as of today, with proven security and advanced features.
In terms of assets protection, Enjin Smart Wallet can be considered as one of the safest crypto wallets available until today. With fingerprint login, anti-keylogger features and NSA-Grade AES 256- encryption, Enjin Wallet probably beats your i-bank application in both usability and security terms.
Users also benefit from extended security measures such as Arm Compiler, Ram and Hardware Encryption, included in the ENJ Wallet which is rated 4.7 out of 5 (that’s 94%) in the Google Play Store with over 81,000 downloads.
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.