Blockchain-based games have gained significant popularity inside the global digital asset world as the crypto industry continues to develop at an unimaginable rate over the last several years. In this article, let us compare Axie Infinity(AXS) vs Decentraland(MANA) on their Tokens, Gameplay, Marketcap, and Price.
Furthermore, as we move toward a more decentralized future, it stands to reason that the existing collaboration between the crypto, blockchain, and game businesses will only increase and flourish.
Axie Infinity and Decentraland are 2 such options that have intrigued the interest of video game players (as well as shareholders) all over the world, especially because they allow users to not only take advantage of the many features offered by blockchain technology but also earn attractive rewards (such as revenue) in the system.
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What is the Metaverse?
Video conferencing, games like Minecraft or Roblox, cryptocurrency, email, virtual reality, social networking, and live-streaming are all part of the metaverse. Although it’s unclear how these elements will come together, some tech titans already view it as the evolution of human communication and engagement. When Mark Zuckerberg renamed his firm Meta Platforms Inc. from Facebook, he called it “the next frontier.”
It might be simpler to comprehend the notion if we start with what it isn’t: it’s not a single product, a game, or anything made by a single corporation. Rather, it’s analogous to a 3D internet, with immersive and interoperable companies, information, and communication technologies.
Entities in the metaverse ought to be able to migrate across a network of competing goods, keeping their value and function, just as a paper created in Microsoft Word and sent over Gmail to a coworker to read on an iPad. A non-fungible token, or NFT, purchased from Company A, for example, should be able to be shown on the digital wall of a property in a game created by Company B.
Axie Infinity(AXS) vs Decentraland(MANA) Overview
Axie Infinity, a videogame made by Sky Mavis, a Vietnam gaming business, was first launched 3 years ago. It’s a fully working NFT-based economy as well as a play-to-earn game. Axie Infinity (AXS) is one of the few altcoins that has seen significant price increases in recent months, with the game’s crypto-based digital economy surpassing $1 billion in trading. Because of its popularity and large revenue, investors from all around the world are likely to invest in this NFT game.
Play-to-earn (play2earn) is a new digital gaming idea that is gaining popularity around the world. In these video games, players earn cryptocurrency tokens, which they can later trade for real money on decentralized exchanges.
According to their official website, Axie Infinity has over 250,000 daily active gamers. The attractiveness of the game stems from the profit potential, particularly in impoverished nations. Because of the great degree of involvement among gamers, Axie’s revenue streams are extremely outstanding. Axie generated more revenue than Uniswap and Aave, two large decentralized exchanges, in June 2021.
In July 2021, Axie Infinity earned more net income than the 2 crypto goliaths, Bitcoin and Ethereum. As a result of the epidemic, people who’ve lost their jobs or been compelled to accept lower-paying jobs are now playing Axie Infinity full-time. Players in Vietnam and the Philippines have stopped their day jobs to play Axie Infinity since the average player may make over $1,500 per month, which is a significant amount of money in many areas of the world.
What are Axies?
Axies are adorable, one-of-a-kind creatures, similar to CryptoKitties.They are in-game digital collectibles known as non-fungible tokens (NFTs). Axies may be grown, battled, and sent out on resource-gathering missions. The cheapest Axies on the market are presently under $200, while the most expensive are above $300 ETH.
It’s the first Ethereum-based virtual world where people could build, play with, and monetize their apps and content.
Like The Sandbox, this network is not run by a single entity or corporation. It’s a decentralized virtual reality environment where you can make money off the content you create with simple tools like the Builder tool and more powerful SDKs.
Decentraland, unlike other platforms, is not a game that is played on a variety of platforms or phones, and the creation of apps and data in its virtual world is confined to people who have previous graphic design experience.
The Blockchain ecosystem, on the other hand, adores this Metaverse, to the extent where it provides games from independent companies (such as Matic and Decentral Games) and also internet activities in its virtual zones of renown inside the ecosystem.
In Decentraland, there are three sorts of tokens that make up a form of real estate sector: WEAR (wearables and things), MANA (money), and Property (land).
MANA is the currency of Decentraland. You may use it to buy or lease LAND, which are virtual land parcels managed by a smart contractual foundation based on the ERC-721 standard, which has been authorized and is stored in the blockchain.
Decentraland is presently exclusively constructed on the ERC-721 specification, unlike its competitor The Sandbox, which uses both ERC-721 and ERC-1155 assets.
As proven by the Coinfest Conference held amid the height of the digital pandemic, one of Decentraland’s biggest successes has been to demonstrate the use of this sort of platform in particular real-world settings.
Axie Infinity(AXS) vs Decentraland(MANA) Gameplay
To start playing Axie Infinity, players must first build the following, which they can refer to as the foundation if they wish.
Participants will either require an ETH wallet or acquire Ethereum using their current wallets, like Binance, Metamask, or others, since Axie Infinity (AXS) is based on Ethereum. Players must create an account on the approved Axie Infinity marketplace after finishing the wallet step. Participants who have created an Ethereum wallet using Metamask will be able to play the NFT game right away. The next step is to install the “Ronin Wallet” web browser. It works with a variety of web browsers, including Yahoo, Google Chrome, and many others.
Connect the Ronin account to your Axie user profile from the market panel. Using the Ronin bridge, transfer ETH from one main wallet to the Ronin wallet. Lastly, get Axie from the Axie Infinity store and start playing on Windows, iOS, Android, or Mac.
Decentraland is a virtual reality and digital environment game built on the blockchain. Individuals have total authority over the laws which govern the digital realm, unlike other games online. The DAO allows token owners to vote effectively on in-game and organizational choices. Everything, from the sorts of products that may be brought to the DAO’s treasury holdings, is affected by this process.
NFTs represent in-game goods like clothing, objects, and the game’s digital property investment, LAND.
People may create their own region and populate it with games, events, and art for others to enjoy, as well as trade things and property. You may also profit from LAND. It is absolutely up to each player what they do with their storyline. You, your efforts, and your imagination define your fate, success, and, eventually, your path.
Axie Infinity(AXS) vs Decentraland(MANA) Tokens
Axie Infinity Shard (AXS) and Smooth Love Potion (SLP) are in-game tokens in Axie, a Pokémon-like video game featuring digital money. These tokens may be used to buy land, cultivate, and create Axies just like any other in-game currency.
Within gaming, there is a full economy (a world called Lunacia). Smooth Love Potion (SLP) and Axie Infinity Shards are in-game tokens that may be used to acquire land, create, or raise Axies in Lunacia (AXS). Since the tokens are functional, gamers may use them to pay for things like rent or food in real life.
Token Name: AXS
Token Type/Protocol: ERC20/Ethereum
Total Token Supply: 270,000,000
MANA is a virtual asset token in Decentraland used to pay for products and services. It is based on the Ethereum ERC20 token standard. MANA may be purchased and traded in exchange for fiat money or other digital currencies. MANA may be kept in a cryptocurrency wallet and custodian such as Gemini.
Axie Infinity(AXS) vs Decentraland(MANA) Price and Market Cap
Axie Infinity (AXS)
Market Cap: ₿143,331
24 Hour Trading Vol: ₿3,669
Fully Diluted Valuation: ₿570,075
Circulating Supply: 67,884,915
Total Supply: 270,000,000
Max Supply: 270,000,000
Market Cap: ₿101,405
24 Hour Trading Vol: ₿15,313
Fully Diluted Valuation: ₿167,605
Circulating Supply: 1,327,372,145
Total Supply: 2,193,913,327
Max Supply: 2,193,913,327
How Do NFT Games Make Money?
NFTs are noted for being one-of-a-kind and easily traded. As a result, incorporating NFTs into the game sector offers up a plethora of monetization possibilities. Gaming systems have been around for years and have remained mostly unchanged in terms of advertising. Players have never been able to profit from playing their favorite games; instead, it has always been the creators who have made a fortune. This has been a growing problem for some time, but it was finally resolved with the assistance of NFTs, which opened the doors to earning NFT games.
These games are developed on a blockchain system, and the game’s in-game assets are reflected by NFTs. The players are playing the game and accomplish stages or fights; after all of the game’s achievements have been fulfilled, the players will earn NFTs or can purchase them in the game. These NFTs are sold after being traded on secondary markets. Because of NFTs, this game liquidation is conceivable, and they’ve coined the phrase “play to earn” in the digital arena.
What Are The Benefits Of NFT Games?
In NFT games, the most crucial component is transparency. Transparency builds confidence among participants. The blockchain’s efficiency is responsible for this attribute. The computerized ledger keeps track of the purchases made in the game. It is available to everybody in the game since they are documented on the ledger. As a result, when a player buys an asset that isn’t meant to be bought, the players will be informed and the required steps will be performed.
In every blockchain-based network, security is the most important asset. The security part of any play to earn NFT games is handled by the blockchain network. The game’s whole data, including every level, will be saved on the blockchain in a very secure way. As a result, even if the game closes down unexpectedly, it cannot be erased or modified.
For NFTs, ownership is crucial. This is one of the most sought-after characteristics of any NFT game. When you buy an in-game collectible, the ownership and other game facts are kept in the blockchain, making it exceedingly difficult to hack and impose with different cyber attacks. As a result, users may buy and exchange NFTs in-game without needing to worry about cyber threats.
Best Play To Earn NFT Games
Axie Infinity is a cryptocurrency game based on the Pokemon video game franchise. This game is expected to be one of the most popular ways to earn NFT points in 2021. It has cleared the path for many gamers to profit from their gaming skills without difficulty. Axie Infinity is a game in which players may train, breed, and acquire monsters known as Axies, and then use them to fight other players.
The trading card videogame Gods Unchained is quite popular. This is a digital strategy-based NFT video game in which the cards are delivered in the form of NFTs. The real-world worth of the trade cards supplied in the game is based on a token known as the GODS token.
Splinterlands is another sort of NFT game known for its creative gameplay and brilliant use of the play-to-earn principle. This NFT game is based on the effectiveness of the HIVE blockchain. The basis of this game is to fight various creatures and win in-game commodities, which are then exchanged on a variety of secondary marketplaces.
The Sandbox 3D
The sandbox is the most recent addition to the blockchain gaming industry. The Sandbox (2011) and the Sandbox Evolution (2011) are two popular mobile game variants of this game (2016). Because of the large number of downloads on ios and Android platforms, this is among the most popular titles.
Alien Worlds is a worthy addition to the roster of play-to-earn NFT games. This is an NFT-based virtual world game that may be constructed on a variety of blockchains, including WAX, Ethereum, and Binance Smart Chain. The notion of exploration and extraction is at the heart of this game. As a result, in-game asset-based NFTs are discovered and exchanged in secondary markets.
What are the in-game tokens of Axie Infinity?
AXS and SLP
When was Decentraland founded?
Why was Decentraland created?
This application was designed to track LAND token-defined properties. The program uses the Blockchain network to monitor ownership of this virtual land, and users must keep their MANA token in an Ethereum account to interact with its system.
When it comes to choosing between Decentraland and Axie Infinity, there’s no fine answer because each platform has its own set of advantages and disadvantages. However, AXS tokens have continued to demonstrate greater growth from a strictly financial standpoint, so those hoping to record short-term profits may wish to investigate the asset. However, because AXS is a non-fungible ERC-721 coin, it cannot be used as money for everyday transactions.
The Decentraland system, however, includes both ERC-20 and ERC-721 coins, with the older being more useful because they can be traded and exchanged daily. To explain, MANA may be freely swapped for a broad range of ERC-20 assets and also liquidated over a large range of exchanges, making it considerably easier for users to accumulate gains.