Enjin introduces Fuel Tanks with a 3-month subsidy

Enjin has teased that it will soon be launching Fuel Tanks by December this year, making them fully usable in the Enjin Wallet. The launch will be network-wide, with a celebration that will bring zero transaction fees for the community members. Enjin will, without a doubt, implement certain restrictions in this regard.

While restrictions are not entirely public, Enjin has shared the benefits that Fuel Tanks bring for different types of users in the community.

For instance, NFT collectors can trade without worrying about transaction fees. Similarly, NFT creators can mint and distribute non-fungible tokens via Enjin Beam and NFT.io without incurring transaction costs. Game Studios can process NFT drops without gas.

Having said that, it is interesting to note that the Enjin community is the first to experience the power of Fuel Tanks at full scale.

What makes it interesting for users from different backgrounds is the fact that they can subsidize their services with zero transaction fees. Developers, for example, can use in-app monetization models like subscriptions or microtransactions to cover expenses. Customers will be conveniently able to use the blockchain of Enjin, and there will be plenty of revenue for applications.

Fuel Tanks enable developers to access whitelisted callers and whitelisted collections and achieve max fuel burn per transaction, among other features.

Fuel Subscription Services allows gamers to subscribe to services and have all their requirements met at no additional cost. They need only select the appropriate plan and sign up using a supported payment method, and they will not have to think about gas ever again.

Subscription-based games have the core business model of rolling out subscription facilities to cover their expenses. Players, in return, get the best experience in exchange for trading their tokens with developers.

Fuel Tanks can be tokenized by setting them up through the Required Token rule. Following this, they can mint NFTs and effectively sell them to cover the expenses. Developers can even set up a store where customers can buy with a credit card. Some platforms that are already practicing this are Shopify and Webflow.

Users receive the benefit of seamlessly onboarding the Web3 world. The development comes days after Enjin upgraded its website to revitalize the mass adoption plan. Per the announcement, it took Enjin six years to complete its ecosystem. It did wonders for the venture by making it a full-fledged Web3 ecosystem, which now includes a wallet, blockchain, marketplace, and API, among other elements.

Studios look to provide their gamers with the best experience, and a way to achieve that is by integrating what works best. A website upgrade is one way to go, especially if it can accelerate mass adoption.

Circling back to Fuel Tanks by Enjin, the venture is subsidizing transaction fees for the next 3 months once it attains the network-wide deployment of Fuel Tanks.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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