Enjin

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.

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

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

• Blockchain gaming infrastructure
• NFT development platform
• Web3 game API
• Crypto wallet application
• NFT marketplace platform

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels7 records

Marketing channels13 records

Core 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

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature13 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• ERC-1155 Token Standard (Ethereum Foundation)coreTechnology or IntegrationEnjin'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)flagshipStrategic or Co-development PartnerAzure 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)flagshipStrategic or Co-development PartnerSamsung Knox integration with Enjin enables enterprise blockchain applications and digital collectibles for Samsung device users.
• BMW (BMW Vantage)flagshipStrategic or Co-development PartnerBMW's blockchain initiative using Enjin technology for digital collectibles and loyalty programs within the automotive ecosystem.
• Binance (Binance Collectibles)flagshipStrategic or Co-development PartnerBinance Collectibles program utilizes Enjin technology for NFT minting and distribution to Binance users.
• Atari (Atari Pluriform)flagshipStrategic or Co-development PartnerAtari's digital fashion metaverse initiative using Enjin Blockchain for NFT-based virtual clothing and collectibles in virtual worlds.
• CoinMarketCap (CoinMarket Multiverse)coreGTM or Marketing PartnerCoinMarketCap integration creating cross-game collectibles usable across 6 games in the Enjin ecosystem, providing marketing exposure and credibility.
• Binance.US (Boonance Multiverse)coreGTM or Marketing PartnerBinance.US NFTreat campaign with cross-game NFTs that work across 5 games in the Enjin ecosystem.
• SubwalletcoreTechnology or IntegrationSubwallet is an accessibility-focused wallet expanding the Enjin ecosystem and enabling more users to access Web3 applications.
• Talisman WalletcoreTechnology or IntegrationTalisman Wallet integration providing additional wallet options for Enjin ecosystem users.
• GameTalkTalkminorStrategic or Co-development PartnerGaming social platform integration with Enjin ecosystem for enhanced player engagement.
• Misfit GalaxycoreStrategic or Co-development PartnerSpace sandbox MMO where Clone tokens and Ownership Tokens are built on Enjin Blockchain, enabling player-owned economies and cross-game item utility.
• Multiverse BrotherhoodcoreStrategic or Co-development PartnerGaming 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.TeamcoreStrategic or Co-development PartnerCounter-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

Direct 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

• Xx.com/enjin
• YouTubeyoutube.com/channel/UC7F0a-BLue6W5E0Qcg-r5kw
• Facebookfacebook.com/enjinsocial
• LinkedInlinkedin.com/company/enjin
• Instagraminstagram.com/enjin

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enjin