Enjin Coin operates on the Ethereum blockchain, leveraging Ethereum's consensus mechanism, which is transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS). When NFTs are minted, a portion of the ENJ is burned or destroyed, permanently associating the asset with the blockchain and providing it with intrinsic value. This mechanism ensures the stability of the ENJ supply, which contributes to the long-term sustainability of the Enjin ecosystem.