Hey everyone, my name is Caleb Applegate,
I'm the Chief Operating Officer here at Enjin. I'm joined today by our Co-founder
and CTO, Witek Radomski. Witek, welcome! Thank you! So this last week was a busy busy
week. We launched our new website which was months in the works – enjin.io, e-n-j-i-n.io.
I'm really proud of this, I mean our team worked very very hard to simplify the messaging of what
it is that we do, what the vision at Enjin is, and how we actually are working to accomplish
this. We are a product-first company, but we have really we targeted kind of
three primary audiences: individuals, developers, and then businesses.
And so it was hard to try to compartmentalize this entire product ecosystem into each of
these because they all are each unique use cases but they're all part of the same framework.
So, yeah the website took a lot of work but it was a lot of fun and I think the way
that it's presented now is very accessible to our audience.
So anyway check it out, Enjin.io.
Witek, we also had our monthly adopter call and this is a time each month that we've set
aside specifically for our early adopters using Enjin tools – game developers that
we've been working with, some for years. We wanted to make a better more concentrated
effort to talk to our developers, to listen to their feedback and so we've been very intentional
the last few months, we're going to be doing this once a month every month to give them a platform
to just ask questions. We want to give them an update with our development roadmap but it's
important to have that kind of open communication. So one thing that came up, and you and I talked
about this, is that we wanted to kind of set the stage better for JumpNet starting with the
What is JumpNet? Talk to our community just starting over. What is it? Yeah, JumpNet is
basically a sister network to Ethereum. It's an EVM-based blockchain, very similar to
Ethereum but the transaction fees are free, or very inexpensive, so there's gonna be a
limit of transactions you can do but for most game developers that'll be enough and you can deploy
smart contracts there, you can actually use it with Metamask if you want, and you can use it with
our whole Enjin SDKs and platform that exists for Ethereum.
So the reason to do that was, you know,
our game developers found it extremely expensive and slow to use Ethereum so we provided JumpNet so
now people can run their games on there much more efficiently. And so there's going to be bridges
in between JumpNet and Ethereum so you can move your assets back and forth. Yeah, and we have
prioritized this in our Quarter Four development roadmap planning. Right now over 20 million
assets have been created on JumpNet to date. You mentioned smart contracts, can you give a little
bit more about how this affects our developers? Yeah, developers have been asking for this for
a while, they want the same functionalities they have on Ethereum. JumpNet started out as a very
simple platform just to use the Enjin Ecosystem, but now anyone can deploy a smart contract, you
can use all of your favorite Ethereum tools, and your users will be able to interact with
that smart contract for free.
They can use the Enjin Wallet, they can use Metamask or anything
that they're familiar with. Yeah, fantastic. So I want to transition – and thanks for giving that
explanation about JumpNet – so Efinity and EFi. EFI is the token that fuels all transactions on
the Efinity network and for those of you who don't know, Efinity is our cross-chain NFT highway built
What's the utility of EFI on JumpNet? We know we put out a blog post about this, we've
been talking about this for a few months now but I think it'd be good again, as we hit reset
– What is the utility of EFI on JumpNet? So JumpNet, you know we're offering free transactions
on JumpNet but there's certain game developers and certain adopters that want to do more
transactions for whatever purpose, so to do that to get that they'll be able to stake EFI on
JumpNet and get a larger portion of transactions. So that is the core purpose. In the future, we're
going to investigate more things as we develop the ecosystem. Yeah, awesome. We'll probably do a
dedicated video about Efinity coming up in a few weeks, just to again, hit reset, really start
defining what is the role and function of each of these networks that we're building and how do
they how do they interoperate and work together. The ERC-1155 asset bridge for JumpNet.
talk a little bit about that? That was another thing that came up with our early adopters.
Sure, so this is an exciting update coming very soon here. You'll be able to move your assets
in between Ethereum Mainnet and JumpNet, so any of those tokens in your games, you'll be able to
do that. We're starting that off for developers first, so you can basically ask the SDK, "I want
to move assets," and you can do that from the SDK. After that's been fully tested and adopted by
some of our adopters, then we'll work on a user interface on the Wallet so anyone can just click
a button and move it between JumpNet and Ethereum anytime they wish. That's great! Any other
future plans for JumpNet that you wanna give us, give to the community? Sure yeah, I mean one of
the big things is, you know, people want to be able to move huge amounts of assets in between
JumpNet and Ethereum, so if you already have a game that's built on Ethereum, and you have, let's
say hundreds of thousands of assets on there, we're investigating and working on a total
account, full account merge like bridge over to each network.
So if you need to move that
many assets, we're working on that. But right now you can do batch transfers or single
transfers of tokens through the bridge. And yeah we're basically, the next goal with
JumpNet is decentralize it further and you know just keep developing it so it grows into its
own unique network. Yeah, well, Witek thank you so much for all that you're doing. I know we often
thank the community in these videos and it's true. Without the support, the loyalty, the feedback,
that kind of fuels us internally.
I mean that drives us, right? But I want to take a moment and
just kind of look inwardly at our company – we've grown significantly and with that type of growth
come different complexities that our team has had to navigate. And I just want to say I'm so
proud of the Enjin team, the Development team, the Operations team, the Legal team. We have such
a world-class group of people coming together that are so dedicated to the mission and cause at
Enjin. Yeah, it's just a privilege to be here.
So I think that's a good note to end on. We're
going to keep doing these we're going to try to do them even weekly, bringing new updates
talking about things like JumpNet, Efinity, different features we're working on, different
updates, news, so that we can keep you better in the loop. So to our community, thank you! Please
leave a comment, subscribe. We're gonna do our part to keep you as up-to-date as possible.
Thanks, everyone, have a great day! Cheers..