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