Tokyo-based crypto company, Coincheck, has announced that it will carry out NFT marketplace business in collaboration with Enjin, a blockchain issuing platform. The announcement made on September 9 by Coincheck revealed that through Enjin, they would provide a marketplace for NFT that’s used in the popular game’ Minecraft’.
In the statement, Coincheck stated that it was looking for companies that will participate in the NFT marketplace that will be available on the platform’s robust crypto trading network. The statement read,
“We are preparing for the “NFT Marketplace” business with the aim of starting the service provision by the end of fiscal 2020, and we are continuously looking for participating companies.”
NFT Marketplace
Coincheck began studying the NFT Marketplace in August 2020 to deploy it on the platform. The NFT marketplace will provide an environment where companies dealing in NFT can interact easily and transparently with customers. Companies that enroll in the marketplace will have access to over 2.8 million registered users on Coincheck, which will help with further distribution of the NFT token.
Coincheck stated,
“By deploying the “NFT Marketplace” on our cryptocurrency trading service “Coincheck,” we provide an environment where customers can trade more easily and safely in the marketplace of companies that issue NFTs.”
Popularity of NFT
Non-fungible tokens (NFT) allows for the non-substitutable right of ownership and is powered by the Enjin platform. With the thriving gaming industry, users can exchange NFTs of characters with crypto assets or movables such as artwork or cars. NFT has also been used for distribution and lending services. Every NFT usually has a varying level of requirement for eligibility.
About Enjin
Enjin was founded in
