eToro Adds Maker (MKR) and Enjin (ENJ) to Platform

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Cryptocurrency trading platform eToro has added 2 new coins, Maker MKR/USD and Enjin ENJ/USD, for its customers to purchase.

The Maker Protocol was one of the first decentralized apps built on Ethereum back in 2015. Under the guidance of MKR holders, Maker is the creator of the DAI stablecoin, a favorite among DeFi users for its decentralized nature. 

Instead of being backed by U.S. dollars held by a centralized custodial entity like USDC’s Circle, DAI is soft-pegged to the USD via backing by Ethereum assets approved by MKR holders. 

Enjin is an NFT creation platform and blockchain gaming ecosystem. NFTs have the potential to revolutionize gaming, especially the market for collectible in-game items.

Games like CS:GO and World of Warcraft have spawned resale markets worth absurd amounts of money. Each player's items are custodied by the developer, be it Steam or Blizzard, who has the ability to lock a player’s account with millions of dollars of items never to see the market again. 

By tokenizing in-game items with NFTs, players can maintain custody of their valuable items and prove digital ownership via the Enjin blockchain. 

Enjin provides game developers with everything they need to future-proof their game with NFTs on the Enjin Blockchain. NFTs can be minted on-chain using the ENJ token, giving it value. 

The Enjin UX-friendly wallet and marketplace help the platform to stand out from the competition. 

You can purchase ENJ and MKR on eToro if you’re a US citizen here.

You can purchase ENJ and MKR on eToto if you’re a Non-US citizen here.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.