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Witek Radomski, the CTO and co-founder of Enjin, discusses Enjin and Efinity, the evolution of the crypto space, the evolution of multimedia on the internet, the ERC-1115 standard, the importance and future of web3 and metaverse.
My guest today is Witek Radomski, the CTO and co-founder of Enjin. With roots in the gaming industry, the company was founded in 2009, and built a platform that grew to 20 million users since then. This software has processed millions of USD in virtual asset sales, so expanding into blockchain and the world of non-fungible tokens (NFTs) was a natural evolution of their business. Efinity is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. By using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. The Enjin platform also provides software developer kits (SDKs) that equip developers with tools to build their own NFTs on the Ethereum blockchain and enable their integration into the gaming ecosystems or apps of their choice. The platform also maintains its own native NFT marketplace and a wallet with NFT support. Witek in addition to being the CTO and Co-Founder of Enjin is the author of the ERC-1155 multi-token standard. In our conversation we discussed Enjin and Efinity, the evolution of the crypto space, the evolution of multimedia on the internet, the ERC-1115 standard, and the importance/future of web3 and metaverse. We begin our conversation by discussing the impact of flash on the ability to communicate and create applications on the internet. Our next conversation topic centered around the culture and vibe of the early crypto community. We discuss the culture of the early adopters and how the community has evolved over time. We discuss the uniqueness and the excitement of the early days of Bitcoin. Witek details what inspired him to become an evangelist for crypto and web3. Our next conversation topic centered around Enjin. We began this conversation topic by discussing Enjin’s history and how the company transitioned from a gaming centric to metaverse/web3 focused. Witek explains how Enjin has always been a platform and makes logical sense why they transitioned to become a platform for the metaverse. Witek did an amazing job at explaining how the ERC-1115 token standard is so revolutionary. Witek details how the ERC-1115 unlocks the possibilities of web3 by enabling the proliferation of NFT, gaming and the metaverse. We discuss the value propositions of GameFi. Witek goes into detail dispelling the common misconceptions and objections surrounding GameFi and Play to Earn. We go on to discuss how Enjin and Efinity are providing a platform for a fully interconnected and viable metaverse. Witek explains why they decided to pivot from Ethereum to Polkadot. We discuss the importance of providing full access to the metaverse to everyone and why we believe innovation is leaving the Ethereum ecosystem. Our final conversation topic centered around the future of the metaverse and web3. We discuss the impact we envision Web3 and the Metaverse having on society. Witek discusses why Web3 will democratize access to identity and information. We finish our discussion by giving our opinions on where we see the space heading. Please enjoy my conversation with Witek Radomski.
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