Enjin Digital Smart Wallet (Enjin.io)

Enjin (ENJ), a blockchain project building a decentralized ecosystem for gaming, announced on Tuesday that it has received an investment of an undisclosed amount from the venture arm of Luxembourg-based crypto development and investment group Blockchain.

The Enjin Marketplace on EnjinX (Enjin)

According to the announcement, Blockchain Ventures has been monitoring Enjin for a number of years and has finally made the decision to become Enjin’s first equity investor.

“Enjin stood out before we even launched Blockchain Ventures as a platform with refreshingly novel functionality that creates a new paradigm for the gaming space where users truly own their in-game assets,” stated the Blockchain Ventures team.

The rapidly growing ecosystem, which now features more than 40 different games and thousands of individual NFT items, and Enjin’s attractive economic model were reportedly the driving factor in Blockchain Ventures’ decision to invest.

The Enjin ecosystem as of June 2019 (Enjin)

Enjin had previously raised $23 million in an ICO in July of 2017.

More: Blockchain Ventures Invests in Blockchain-Gaming Leader Enjin
Similar: Enjin (ENJ) Launches Marketplace for Blockchain Game Items

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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