Enjin
Enjin operates a purpose-built dual-layer blockchain for gaming and NFTs, offering an integrated Web3 stack — developer platform with GraphQL API, 4M-user Enjin Wallet, NFT.io marketplace, and The Multiverse for cross-game NFT portability. It serves game developers, NFT creators, Web3 gamers, and enterprise brands including Microsoft, Samsung, BMW, Binance, and Atari.
- Company typePrivate
- Founded2017
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Enjin does
Enjin is a Singapore-headquartered private blockchain infrastructure company operating a purpose-built Proof-of-Stake dual-layer blockchain — Enjin Relaychain (security layer) and Enjin Matrixchain (NFT application layer) — designed specifically for gaming and NFT applications. The company invented the ERC-1155 multi-token standard, adopted as an official Ethereum standard, and embeds NFT-specific functions such as Fuel Tanks, Managed Wallets, On-Chain Metadata, and ENJ Infusion at the protocol level, achieving approximately $0.0025 average transaction cost, 25,000 TPS throughput, and 6-second block times. Enjin offers an integrated Web3 stack: Enjin Platform & API (GraphQL API with C# and C++ SDKs), Enjin Wallet (a 4M-user mobile wallet), NFT.io marketplace, Enjin Beam for QR-powered airdrops, and The Multiverse for cross-game NFT portability.
The company's go-to-market is product-led and community-led, with a self-serve developer platform, a freemium pricing model, and the Enjin Spark Program offering accredited developers free transactions and marketing support. Revenue derives from blockchain transaction fees across NFT minting, transfers, and marketplace activity, complemented by NFT.io marketplace commissions and the ENJ token's role in governance and staking. Customer segments are horizontal, spanning game developers and studios (Misfit Galaxy, Etherscape, The Six Dragons, Kingdom Karnage, Multiverse Brotherhood), NFT creators and artists, Web3 gamers and collectors, and enterprise brands including Microsoft (Azure Heroes), Samsung (Knox), BMW (Vantage), Binance (Collectibles), and Atari (Pluriform).
Enjin reports 87 active ecosystem projects, 1.2B NFTs minted, and 1.2M community members across Discord, Telegram, Twitter/X, Reddit, YouTube, Facebook, Instagram, LinkedIn, and mailing lists. Leadership comprises co-founder and CEO/Creative Director Maxim Blagov, CFO and CLO Oscar Franklin Tan, and CTO Witek Radomski. Cumulative disclosed equity funding is approximately $61.9M, with no new round since July 2021.
Enjin firmographics
Firmographics- Name
- Enjin
- Legal name
- Enjin
- Website
- https://enjin.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Enjin operates a purpose-built dual-layer blockchain for gaming and NFTs, offering an integrated Web3 stack — developer platform with GraphQL API, 4M-user Enjin Wallet, NFT.io marketplace, and The Multiverse for cross-game NFT portability. It serves game developers, NFT creators, Web3 gamers, and enterprise brands including Microsoft, Samsung, BMW, Binance, and Atari.
- Ownership category
- akta.pro rank
Enjin industry classification
Industry- Product category
- Blockchain Gaming Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (54151), Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB)
Keywords
Where Enjin is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Enjin business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Blockchain Transaction Fees: Enjin Blockchain charges transaction fees for all on-chain operations including NFT minting, transfers, and marketplace transactions. Average transaction cost is approximately $0.0025 per transaction.
- NFT.io Marketplace Commission: NFT.io marketplace facilitates peer-to-peer NFT trading with protocol-level royalty enforcement. The platform likely charges a commission on NFT sales.
- ENJ Token Utility: ENJ is the governance and utility token powering the Enjin Blockchain. It is used for governance voting, gas fees, and NFT minting. Stakers earn rewards (up to 36.2% APY) for securing the network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Enjin Platform - Free tier for developers to start building |
| Other | Multi-year contract | Enjin Spark Program - Benefits for accredited partners |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels13 records
Enjin product offering
Product offeringCore offering
Enjin builds and operates a unified Web3 technology stack purpose-built for gaming and NFTs. The stack consists of Enjin Blockchain (a Proof-of-Stake dual-layer chain with NFT-specific protocol functions), Enjin Platform & API (a developer environment with GraphQL API, visual dashboard, and SDKs), the Enjin Wallet (a multi-chain non-custodial mobile wallet with 4M+ users), and NFT.io (a marketplace for trading NFTs). Supporting tools include Enjin Beam for QR-powered NFT distribution, Fuel Tanks to sponsor gas fees, and Managed Wallets for custodial onboarding. Enjin also issues the ENJ governance and utility token that powers the ecosystem.
Product overview
Enjin provides a unified Web3 technology stack purpose-built for games, consisting of Enjin Blockchain (Proof-of-Stake dual-layer chain with NFT-specific functions), Enjin Platform & API (development tools with GraphQL API and C#/C++ SDKs), Enjin Wallet (4M+ user mobile wallet supporting NFTs and crypto), NFT.io Marketplace (Web3 trading post), Enjin Beam (QR-powered airdrops), and Enjin Coin (ENJ) governance token. The ecosystem enables cross-game NFT ownership through The Multiverse, with developer tools including Fuel Tanks (gas fee coverage) and Managed Wallets (custodial addresses). Recent additions include On-Chain-Unlock for hardware key applications, Quick Mint for in-wallet token creation, and Token Groups for collection organization.
Differentiator
Problem solved
Functional benefit
Brands
- NFT.io: Enjin's next-generation NFT marketplace for creating, trading, and managing digital assets.
- Enjin Wallet
- Enjin Platform
- Enjin Beam
- Enjin Relaychain
- Enjin Matrixchain
Products and services
- Enjin Blockchain Purpose-built Proof-of-Stake dual-layer blockchain for games and apps with NFT-specific functions at the protocol level, supporting 25,000 TPS, 6-second block times, and approximately $0.0025 average transaction cost. Used by game developers and enterprises to run NFT economies and marketplaces.
- Enjin Platform & API All-in-one development environment with a GraphQL API, visual dashboard, and SDKs (C#, C++, Unity Plugin, Unreal Engine Plugin) for creating and managing blockchain assets. Used by game developers, studios, and enterprise builders to integrate NFTs into games and apps without writing blockchain code, with batch transactions supporting up to 150 recipients, event webhooks, managed wallets, and fuel tanks.
- Enjin Wallet Mobile cryptocurrency wallet with 4M+ users that supports Bitcoin, Ethereum, ERC-20/ERC-721/ERC-1155 tokens, and Enjin Blockchain multi-tokens. Includes NFT management, staking, DApp browser, Quick Mint, token swaps, Enjin Connect, military-grade encryption, and non-custodial security. Targets end users who play blockchain games and trade NFTs.
- NFT.io Marketplace Brandable Web3 NFT trading marketplace accessible at nft.io that supports cross-game asset ownership, staking, auctions, offers, and token groups. Integrated with Enjin Blockchain for low-fee transactions and protocol-level royalty enforcement. Used by creators and collectors to mint, list, buy, and sell NFTs.
- Enjin Beam QR-powered NFT airdrop system for rapid distribution and growth. Enables creators and brands to distribute thousands of items via QR codes and claimable links with no wallet required for recipients. Targets creators, brands, and game studios running growth campaigns.
- Enjin Coin (ENJ) Governance and utility token powering the Enjin Blockchain ecosystem. ENJ is used for governance voting, gas fees, and NFT minting across all ecosystem products, and stakers earn rewards of up to 25.7% APY for securing the network.
- The Multiverse Cross-game NFT ownership experience that enables players to use, progress, and expand NFT items across multiple blockchain games. Features seasonal quests with ENJ rewards and exclusive NFT drops. Targets gamers and game studios participating in cross-title NFT economies.
- Enjin Spark Program Accredited partner program providing developers and studios with up to 200,000 free transactions, featured NFT.io collections, priority support, marketing assistance, and Beam credits. Targets game developers and projects building on or integrating with the Enjin ecosystem.
- On-Chain-Unlock (OCU) Firmware-level SDK that replaces traditional server-based access control with blockchain verification. Uses Enjin NFTs as hardware keys for physical access, eliminating central server vulnerabilities. Targets hardware manufacturers and access-control integrators.
Quantifiable outcome
- Build MVP in 2 hours using Enjin Platform's visual tools and GraphQL API
- +4 more outcomes
Companies that use Enjin
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles4 records
Enjin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature13 records
Enjin partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, flagship and minor.
- ERC-1155 Token Standard (Ethereum Foundation)coreEnjin's ERC-1155 multi-token standard was adopted as an official Ethereum token standard, enabling efficient batch operations for NFTs and fungible tokens in a single contract. This partnership established Enjin as a foundational technology provider in the blockchain gaming space.
- Microsoft (Azure Heroes)flagshipAzure Heroes is Microsoft's employee recognition platform built on Enjin Blockchain, using NFTs to reward cloud computing experts for contributions to the technical community.
- Samsung (Samsung Knox)flagshipSamsung Knox integration with Enjin enables enterprise blockchain applications and digital collectibles for Samsung device users.
- BMW (BMW Vantage)flagshipBMW's blockchain initiative using Enjin technology for digital collectibles and loyalty programs within the automotive ecosystem.
- Binance (Binance Collectibles)flagshipBinance Collectibles program utilizes Enjin technology for NFT minting and distribution to Binance users.
- Atari (Atari Pluriform)flagshipAtari's digital fashion metaverse initiative using Enjin Blockchain for NFT-based virtual clothing and collectibles in virtual worlds.
- CoinMarketCap (CoinMarket Multiverse)coreCoinMarketCap integration creating cross-game collectibles usable across 6 games in the Enjin ecosystem, providing marketing exposure and credibility.
- Binance.US (Boonance Multiverse)coreBinance.US NFTreat campaign with cross-game NFTs that work across 5 games in the Enjin ecosystem.
- SubwalletcoreSubwallet is an accessibility-focused wallet expanding the Enjin ecosystem and enabling more users to access Web3 applications.
- Talisman WalletcoreTalisman Wallet integration providing additional wallet options for Enjin ecosystem users.
- GameTalkTalkminorGaming social platform integration with Enjin ecosystem for enhanced player engagement.
- Misfit GalaxycoreSpace sandbox MMO where Clone tokens and Ownership Tokens are built on Enjin Blockchain, enabling player-owned economies and cross-game item utility.
- Multiverse BrotherhoodcoreGaming guild building The Forge - a cross-game crafting hub where NFTs from multiple Enjin games can be combined into new items with utility across integrated titles. Active in ecosystem since 2017.
- CS2.TeamcoreCounter-Strike 2 team-finding platform using Enjin NFTs as player identity layer, with NFT holders receiving hexagon avatar borders and profile customization.
Scale indicators20 records
Recent moves6 records
Expansion highlights6 records
Enjin competitors and assessment
Company assessmentDirect peers
- Immutable: Immutable is a leading blockchain gaming infrastructure provider offering its own L2 (Immutable zkEVM), NFT-focused APIs and SDKs, and a marketplace. Directly competes with Enjin in purpose-built gaming chains and developer tooling for NFT-based economies.
- Dapper Labs (Flow): Dapper Labs operates Flow, a purpose-built Layer 1 blockchain for games and consumer apps, with flagship NFT products including NBA Top Shot. Competes head-to-head with Enjin in gaming-focused L1 infrastructure and NFT developer tooling.
- Sky Mavis (Ronin): Sky Mavis operates Ronin, a gaming-optimized EVM sidechain that powers Axie Infinity and a growing portfolio of Web3 games. Competes with Enjin as a gaming-specific blockchain with integrated wallet and marketplace.
- WAX (Worldwide Asset eXchange): WAX is a delegated proof-of-stake blockchain purpose-built for NFTs, virtual goods, and gaming, offering developer tools, a marketplace, and low-fee transactions. A direct competitor in NFT-focused gaming infrastructure.
- The Sandbox: The Sandbox is a blockchain-based virtual world and game platform using NFTs for land and asset ownership. Operates its own marketplace and competes with Enjin's Metaverse/Multiverse initiatives in user-facing Web3 gaming experiences.
- Magic Eden: Magic Eden is a leading cross-chain NFT marketplace with growing gaming NFT focus and its own launchpad for gaming projects. Competes with NFT.io for marketplace volume and competes for ecosystem relationships with gaming studios.
Broad incumbents
- Polygon Labs: Polygon offers a broad portfolio of Ethereum scaling solutions (PoS, Polygon zkEVM, Polygon Miden) with active gaming-focused partnerships through Polygon Studios. Competes with Enjin for gaming developer mindshare and NFT infrastructure, though Enjin remains more specialized.
- OpenSea: OpenSea is the largest general-purpose NFT marketplace, supporting multiple chains including Enjin's ecosystem. While broader in scope, it competes for NFT trading volume and liquidity that could otherwise flow to NFT.io.
- Solana Foundation: Solana is a high-throughput general-purpose L1 with strong gaming and NFT activity and a large developer ecosystem. Competes with Enjin for gaming developer adoption, particularly for studios prioritizing raw throughput and low fees over NFT-specific protocol features.
Emerging players
- Animoca Brands: Animoca Brands is a Web3 gaming conglomerate operating and investing in dozens of blockchain games and NFT platforms (including The Sandbox). Overlaps with Enjin as both a gaming infrastructure enabler and ecosystem builder with overlapping partner studios.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Enjin social profiles
Digital presenceEnjin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enjin leadership team
Management profileNumber of profiles
Profiles3 records
Enjin funding detail
Funding detailFunding overview
Funding rounds4 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enjin M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enjin
What does Enjin do?
Enjin builds and operates a unified Web3 technology stack purpose-built for gaming and NFTs. The stack consists of Enjin Blockchain (a Proof-of-Stake dual-layer chain with NFT-specific protocol functions), Enjin Platform & API (a developer environment with GraphQL API, visual dashboard, and SDKs), the Enjin Wallet (a multi-chain non-custodial mobile wallet with 4M+ users), and NFT.io (a marketplace for trading NFTs). Supporting tools include Enjin Beam for QR-powered NFT distribution, Fuel Tanks to sponsor gas fees, and Managed Wallets for custodial onboarding. Enjin also issues the ENJ governance and utility token that powers the ecosystem.
Is Enjin a public or private company?
Enjin is a private company. It is classified as venture growth investor backed and is currently operating.
When was Enjin founded?
Enjin was founded in 2017. It employs 51 to 100 people.
Where is Enjin based?
Enjin is headquartered in Singapore, Singapore, in the Asia region.
How does Enjin make money?
Three revenue lines are on record. Blockchain Transaction Fees are the primary driver. The others are NFT.io Marketplace Commission and ENJ Token Utility.
Who are Enjin's main competitors?
Direct peers on record are Immutable, Dapper Labs (Flow), Sky Mavis (Ronin), WAX (Worldwide Asset eXchange), The Sandbox and Magic Eden. Broad incumbents are Polygon Labs, OpenSea and Solana Foundation. Animoca Brands is listed as an emerging player.
Does Enjin have an API?
Yes. Enjin Platform provides a GraphQL API for minting, transferring, and managing tokens and collections programmatically. The API is available publicly at platform.beta.enjin.io. SDKs are available in C# (native .NET SDK) and C++ (high-performance SDK for game engines). Additional features include batch transactions (up to 150 users per transaction), event webhooks for real-time notifications, managed wallets (custodial wallets for users), fuel tanks (covering transaction fees for users), and on-chain marketplace with protocol-level royalty enforcement. Enjin Platform v3 Beta consolidates every Enjin network into a single instance with batch transactions, Relaychain & staking pallet support, fuel tank auto-signing, programmatic metadata refresh, proxy accounts, and cross-multiverse queries. Developer documentation is at docs.enjin.io.
What industry is Enjin in?
Enjin's product category is Blockchain Gaming Infrastructure. Its primary akta.pro industry code is FSAPAGAB, On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins). Its NAICS code is 518210 and its SIC code is 7373.