What problem does this service solve?

Enjin's Ethereum-based platform aims to reduce the high fees and fraud that are prevalent in the transfer of virtual goods in the gaming industry.

Decentraland aims to develop a decentralized platform that will provide users the tools to create three dimensional content, games, and applications.

WAX.io is a subsidiary of Opskins, which operates a centralized trading platform for virtual in-game items that have video game players have acquired and may want to monetize. The goal of the project is to create a blockchain-based decentralized platform that will leverage its transparency and efficiencies to further empower gaming enthusiasts.

Token Stats

Company Description

Enjin Coin is a decentralized gaming platform. It was created by Enjin, an established gaming company that specializes in creating social gaming platforms. Enjin provides a gaming focused content management system. Developer can create a currency unique to their community that’s backed by Enjin Coin as the parent currency. This gives the coins all the benefits of the blockchain (speed, cost, security, etc…) while still staying customized to their respective platforms.
The Enjin Coin is being designed to be the most usable cryptocurrency and smart contract enabled platform in the gaming industry. The company also plans to offer a suite of software development kits (SDKs) that developers can integrate into their decentralized games. It is one of the first projects testing the Raiden Network, Ethereum’s version of the Lightning Network.

Decentraland is an Ethereum-based virtual reality platform that allows users to create, experience, and monetize their own virtual content and applications. It will be hosted and accessed on a fully decentralized VR platform. Decentraland will combine elements of virtual reality, DApp development, game design, cryptocurrencies, and 3D design.
The platform is powered by the MANA token.

The Worldwide Asset eXchange (WAX) is a decentralized marketplace for in game virtual items. It specifically targets video game players. WAX was created by Opskins, which already operates a centralized trading platform that allows millions of gamers to buy and sell in-game assets. WAX is designed to serve the estimated 2 billion video game players that hold a variety of digital items. A decentralized trading platform, that is powered by the native WAX token, would enable anyone to operate an item marketplace similar to Opskins. The company launched this token in an ICO that raised $64 million. WAX promises to empower virtual asset holders with a secure exchange that has free transaction processing and instant payments. This would also create greater liquidity for a wide range of virtual items that would otherwise be difficult to monetize.

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Enjin Coin vs Decentraland vs WAX.io

Enjin Coin

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WAX.io