The largest tech giant in the world gets into the crypto space with the leading blockchain gaming project and uses ENJ token to back blockchain assets.
Microsoft has just introduced Azure Heroes which is a rewards system using digital collectibles. For this to happen, they have partnered with Enjin to create this blockchain-based recognition programme.
Individuals can get rewarded by doing tasks such as coaching, creating demos and even blogging about Azure. Special badges will be given to people who have completed the required tasks.
Every badge is tokenised and is wrapped around a certain amount of ENJ token using the ERC1155 protocol. Each token has a limited fixed supply and is backed by Enjin Coin itself. For example, the Inclusive Leader token has only 100 supply while the Maker Token has 10k supply.
The versatility of an NFT
Over 30 games have been built on Enjin and many other platforms are using Enjin for other businesses too. The use cases for their ERC-1155 tokens is tremendous and can be used outside of games as well. In this case with Microsoft, NFTs are being used as a reward system.
As you can see, NFTs are not limited to be used within a game only. Things like identification, authorization and so much more can be played around with NFTs. Even doing something simple like having digital name cards can open the floodgates into the crypto space.
Adoption?
The digital collectibles are obtained by scanning a QR code using the Enjin wallet. This means that the recipients will have to install the Enjin Wallet in order to receive their prize.
With the huge community that Microsoft has, the amount of exposure digital collectibles are going to get should be massive.
Is this the go sign for other big players?
With Microsoft on board, there isn’t any reason why other big players can’t try it out too. Microsoft will continue to issue the reward tokens until all of the supply is depleted.
This inclusiveness of the community using digital collectibles creates a different playing field due to its scarcity. It will get the community to be more competitive in trying to achieve the rarest of collectibles. This, in turn, helps in the expansion and awareness of their business while saving marketing dollars.
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