What is ENJ| Enjin Crypto Coin?

I noticed on a recent Cryptohopper news item  that a coin/token had jumped by 55% in recent times so I ask that questio "What is ENJI " when its at home? Here is what I found.

Enjin Coin (ENJ) is an Ethereum token that aims to “make it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem  (ENJ | Coinbase Help}

What is enjin coin used for?

Enjin is a blockchain gaming platform focused on the creation of digital collectible items that are truly owned by the user. The platform offers methods for creating digital assets (known as ERC1155 tokens) for use across multiple Video Games. Their usesinclude collectible art or even in-shop coupons.

Is ENJ a NFT? 

           Enjin coin with ticker ENJ is an Ethereum-based cryptocurrency and a Singapore-based technology company. The          developers build it for gaming communities and also to service blockchain game developers. However, the proliferation of the NFT market increases the demand and utility for the Enjin project.

What games use enjin coin?

List of Multiverse Enjin Games

• Dissolution.
• 9Lives Arena.
• Containment Corps.
• Forgotten Artifacts.
• ReBounce Game.
• Bitcoin-Hodler.
• War of Crypta.
• ForestKnight.

Which are NFT coins?

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies any digital file to be unique. An NFT functions like a cryptographic token, but unlike cryptocurrencies such as bitcoin, are not mutually interchangeable, in other words, not fungible.

Soaring Prices for Enjin, FLOW and Rarible Reveal Risks of ‘NFT Marketplace’ Tokens

Traders think they have a way to profit off NFTs without actually buying them. Buyers still need to be cautious.

Trader Need to Beware