Microsoft and Enjin have launched a special Edition NFT collection to celebrate the 6th International Day of Women and Girls in Science in the Azure Space Mystery educational game.
An extension of Azure Heroes, a program aimed to recognize and reward contributors to the Azure platform, the NFTs will be usable by Minecraft players to unlock new quests in MyMetaverse, one of the most popular Minecraft servers.
Users can obtain these limited NFTs by playing the Azure Space Mystery educational game, which will reward participants with the tokens for saving the International Space Station (ISS) with the help of important European female scientists by solving code challenges and technical skills.
By playing the game, participants will not only be improving their coding skills but also learning about the importance of four female scientists that welp advance scientific inquire in areas like math, aerodynamics, and astronomy.
Similar systems have been implemented by other projects to recognize its users for achievements and participation, providing them with badges and unique recognitions for taking an active role in the community.
Japanese Government Whitelists Enjin
Enjin Coin (ENJ) has become the first gaming cryptocurrency to be whitelisted by the Japanese government after being approved by the Japan Virtual Currency Exchange Association (JVCEA).
The authorization by the regulatory body will allow the token to be listed on Coincheck, one of Japan’s most popular exchanges, on January the 26th.
Japan is one of the most influential countries when it comes to the technology and gaming industries, which makes the country a perfect match not only for blockchain technology but also for any gaming project.
Enjin’s CEO, Maxim Blagove, referred to Japan’s relevance in the industry by stating:
“From Super Mario to Pokémon and Final Fantasy, Japan is home to pioneering games that hold a lasting place in pop culture. We believe some of the world’s best blockchain games will come from the Japanese gaming industry.”
Enjin first entered the Japanese market in 2019 in collaboration with the blockchain accelerator HashPort to get approval from local regulators.
Asia has been a great market for crypto assets, as outside of China, most Asian nations have been supportive of new kinds of digital assets.
Like many developed areas, there is a strong gaming market in many Asian nations, and this could help NFTs and blockchain-based gaming platforms excel in the region.
NFT Collectibles are Becoming a Major Force in the Crypto and Mainstream Ecosystem
Microsoft’s interest in NFT is non-lucrative at this time and only intended to reward and recognize the participation of its community in the Azure ecosystem. However, the entirety of the NFT market has grown in popularity over the last year.
Back on January 9th, a piece of virtual land in the Axie Infinity game sold for a record $1.5 million in what is the biggest virtual land sale for any blockchain projects.
Lindsay Lohan’s also made the news by minting and selling its own NFT on the Rarible platform and selling at the equivalent of $17360 in wrapped ETH, with the actress deciding to donate the proceeds to charity.
Another NFT project, Ethernity, recently announced that it would be auctioning digital artworks with the endorsement of the Winklevoss twins, Cameron and Tyler Winklevoss. The articles will include trading cards and 3d abstract art represented by NFTs.
According to CoinGecko data, the Non-Fungible Token niche has a market capitalization of $1.8 billion and a trading volume of $1.1 billion, with Enjin representing a bit over 25% of the total market capitalization and more than 50% of the trading volume.
While NFTs have a wider range of applications than only gaming, the industry continues to be considered by experts one of the most important when it comes to getting cryptocurrencies and blockchain to the masses.