Blockchain Ventures makes equity investment into Enjin

Blockchain game platform get funding

Blockchain gaming platform Enjin has raised an undisclosed equity investment from London-based Blockchain Ventures.

The VC arm of the crypto wallet company has previously invested in Theta’s video platform and dapp data outfit DappRadar.

We are in an excellent position to advance the industry and bring true ownership to the digital realm.

Maxim Blagov CEO, Enjin

“We are extremely excited to announce our investment in Enjin,” said Samuel Harrison, Blockchain Ventures’ managing partner.

“Enjin is a rare example of a blockchain business with meaningful traction that decisively solves a problem that can’t be addressed in today’s centralized computing and database paradigm.”

Old skool smarts

Originally formed out of a successful Minecraft server business, Singapore-based Enjin was one of the first blockchain game platforms, originally raising $19 million during 2017’s ICO boom.

It currently has over 40 developers making games and dapps using its technology, including the ENJ ERC20 token and ERC1155 NFT standard.

“We’re thrilled to partner with Blockchain, who has been a leader in this space for nearly a decade,” said Enjin CEO Maxim Blagov.

“With their expertise and our blockchain ecosystem, we are in an excellent position to advance the industry and bring true ownership and real-life economies to the digital realm. We look forward to a fruitful, long lasting partnership.”

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