Fuel Tanks are set to become usable in the Enjin Wallet this December and, to celebrate, Enjin is proud to announce that it will be launching a network-wide Fuel Tank that subsidizes all transactions on the Enjin Blockchain for 3 months.
To reiterate, if you use the Enjin Blockchain during this time, you won’t have to pay any transaction fees whatsoever.
However, to maintain the sustainability of the Fuel Tanks, some restrictions will apply.
This will benefit Enjin Blockchain users in a variety of ways:
The Enjin community is about to become the first to experience the power of Fuel Tanks at scale.
Enjin’s Fuel Tanks are arguably one of the most important infrastructure-innovations in recent Web3 gaming history.
So important, in fact, that Singaporean food delivery service, Grab, is adopting a similar technology to provide NFT experiences to its 180 million registered users.
By paying for transaction fees on behalf of their customers, Game Studios can now use Enjin to onboard players who have never even heard of crypto.
Game and app developers can even choose to fully subsidize certain types of transactions forever, offering seamless on-chain experiences where customers can trade freely without even knowing what gas is.
Developers can cover the expense of running Fuel Tanks by using traditional in-app monetization models such as microtransactions or subscriptions. This provides companies with the opportunity to charge a markup over-and-above the gas prices and, therefore, earn revenue by making it easier for their customers to use Enjin’s blockchain.
This system is natively integrated into the Enjin Blockchain’s core runtime logic in a way that reduces overall transaction fees. In fact, fuel tanks decrease gas costs on Enjin by up to 70%, rewarding developers, creators, and studios for improving the user experience. This is a level of efficiency that is simply impossible to achieve on a smart contract-based blockchain, where this same logic can potentially double the gas fees.
Enjin’s Fuel Tanks come with extremely flexible rule sets that allow for a wide variety of interesting use cases and tailor a Fuel Tank for your exact purpose.
Here’s what you can do with Fuel Tanks:
Based on these rule sets, it’s obvious that Fuel Tanks will drastically improve the Enjin Blockchain experience, but they can even inspire new products and business models.
Imagine if gamers could pay a monthly fee to have all of their gas fees covered, forever.
They could choose the right plan for them, sign up using their credit card, and they would never have to worry about gas again.
To achieve this, developers would need to set up a payment gateway, a Fuel Tank using the “Whitelisted Caller” rule, and a simple app to apply the whitelist to subscribed users.
Some live service games already use subscription fees as their core business model, for games like this it’s a no-brainer to cover trading fees for their subscribers.
These developers can exclusively whitelist their own collections, to ensure their players have the best experience when trading their tokens.
To do this, they would need to spin up a Fuel Tank using the following rules: “Whitelisted Caller”, “Whitelisted Collection”, and “Permitted Extrinsics".
Developers and entrepreneurs could set up Fuel Tanks using the “Require Token” rule, then mint NFTs that provide access to those Fuel Tanks – effectively selling NFTs that cover all Enjin Blockchain transactions for their holders.
It’s worth noting that in most jurisdictions, customers are allowed to purchase NFTs from any business using a credit card. This means, developers can set up ecommerce stores using platforms like Webflow and Shopify, where they can sell these Fuel Tank NFTs and get paid in their local currency.
This could be an easy way to simplify the process of onboarding users onto the Enjin Blockchain.
In many cases, people only realize the magic of NFTs when they first receive an item and trade it.
That’s why we believe that the strategic use of Enjin Beam and Fuel Tanks could be the most compelling way to seamlessly onboard new users into gaming economies.
Giving players a sample of the game, economy, and trading experience by beaming them NFTs can be a great way to encourage them to delve deeper.
Games can display Enjin Beam codes on their websites with instructions on how to receive NFTs and trade them freely.
Users could simply click or scan to receive fun, interesting items that they can use in the games.
By setting up Fuel Tanks using the “Whitelisted Collection” rule, developers can then ensure the items provided can be traded quickly, easily, and for free.
This effectively provides players with the full experience of earning gaming items and trading them, with absolutely no barriers to adoption.
Then, if the players want to earn even more valuable NFTs to trade with, all they have to do is download the Enjin-powered games.
For details about the fuel tank promotion, please refer to this guide: http://enj.in/FTrules