Enjin Coin v1 (ENJV1) was the original Ethereum-based implementation of Enjin Coin, a cryptocurrency developed by Enjin, a platform focusing on blockchain-based gaming and virtual goods. ENJV1 operated as an ERC-20 token on the Ethereum blockchain, offering developers tools to integrate blockchain functionality into their applications and games. Its functionality was built around creating, managing, and trading tokenised digital assets using the Ethereum network's capabilities.

ENJV1 was primarily used to back the creation of unique, blockchain-based digital assets in gaming ecosystems. Developers could use Enjin’s Software Development Kit (SDK) to "mint" virtual goods such as weapons, skins, or in-game items that were tokenised and assigned ENJV1 as their backing value. These assets were tradable and transferrable across various games and platforms, promoting interoperability and ownership for gamers. ENJV1 was also used for transactions within decentralised gaming platforms and as a medium of exchange for digital goods.

Enjin Coin was created by Enjin, a company co-founded in 2009 by Maxim Blagov and Witek Radomski. Enjin initially focused on providing a gaming community platform before embracing blockchain technology to revolutionize the gaming industry.