Enjin Coin is a product by Enjin, a gaming company that creates an ecosystem of interconnected blockchain-based gaming products. This network is called Enjin Network, a platform where users can communicate with each other and monetize their in-game creations.
The network is powered by the Ethereum blockchain. Enjin Coin, an ERC-20 token, backs the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.