Axie Infinity(AXS) vs Enjin(ENJ) Metaverse Comparison: Tokens, Gameplay, Market Cap, Price
Non-fungible tokens (NFTs) gained a lot of traction in 2020, both among investors and the entire public. Enjin, a network that has been allowing users and other projects to construct their own NFTs (and FTs) since 2017, is an industry leader in the NFT area. In this article, we have compared Axie Infinity(AXS) vs Enjin(ENJ) in Tokens, Gameplay, Market Cap, and Price.
Enjin delivers a full and easy-to-use tokenization technology with far-reaching applications, with an emphasis on allowing blockchain and NFTs to advance the gaming market, retail incentive programs, art, fashion, and more.
Table of Contents
Axie Infinity(AXS) vs Enjin(ENJ) Overview
Axie Infinity
Axie Infinity has undoubtedly been instrumental in supporting the global spread of play-to-earn videogames, as well as NFTs. It was the first NFT game to exceed $1 billion in sales, making it history. In addition, according to our analysis, the game produced $2.08 billion in the third period and has already topped $3.7 billion in total revenue! The Pokémon-inspired game, developed by Sky Mavis in Vietnam, is the biggest play-to-earn game in the business.
In this fighting game, users may collect digital beasts known as Axies to battle other players and gain tokens. Axie is also a non-player character (NPC) that players may purchase, trade, and even breed. The most expensive of these digital creatures may fetch millions of dollars, depending on their stats and rarity.
Axie Infinity has two in-game tokens: Smooth Love Potions (SLPs) and Axie Infinity Shards (AXS). The former may be gained by just playing the game, while the latter is a governance token that lets players vote on key game choices. As a consequence of Meta’s metaverse strategy, the value of these tokens has risen. This year, the price of AXS, for example, has climbed by 17841.3%!
The core gameplay of Axie Infinity is around combating and breeding Axies, the game’s unique critters.
Enjin
Enjin is a multi-product platform that lets you produce, distribute, save, trade, and combine tokenized digital content.
Enjin users are developing ENJ-backed digital material and putting it to creative uses, such as art NFTs (non-fungible tokens), virtual coupons, and items that can be used in a variety of video games. Reportedly, Enjin’s system is also being utilized to tokenize commercial property.
Enjin (ENJ) is a cryptocurrency based on the Ethereum network that was established in late 2017 with an $18.9 M initial coin offering (ICO). On the other hand, its gaming net platform was launched in 2009.
Enjin’s community relations software has helped over 20 million Minecraft players interact and form strong networks of like-minded gamers.
By expanding this user-first concept to the realm of blockchain, they aimed to develop the perfect all-in-one tokenization system.
The Enjin cryptocurrency initiative was built to be a full ecosystem that provides its customers with a robust suite of products that allow anybody to enter the world of blockchain, regardless of their prior understanding of the technology.
Axie Infinity(AXS) vs Enjin(ENJ) Tokens
Axie Infinity(AXS and SLP)
AXS
Axie Infinity Shard is an ERC-20 token based on the Ethereum Blockchain with a maximum supply of 270,000,000 AXS tokens. AXS was created exclusively for use with the Axie Infinity platform. Axie Infinity is a Pokémon-inspired action game in which players may breed and nurture their Axies to combat other players.
Users must examine their characters’ breed and level while marrying their Axies to have the best chance of generating powerful progeny. On the NFT marketplace, users may sell their Axies and trade their islands, as well as any other items in the videogame.
Axie Infinity has two game modes: Adventure Mode, which needs players to battle and completes each process successfully, and Arena Mode, which includes combat contests and needs at least 3 Axies to fight.
SLP
Smooth Love Potion (SLP) is a type of digital currency in the Axie Infinity virtual world game. It lets users breed Axies, virtual animals that may be acquired throughout the game. The popularity of SLP tokens has grown to the point where they are now traded on the crypto exchange.
Furthermore, blockchain technology has opened up a whole new world of possibilities that are only limited by one’s imagination. Blockchain applications are rapidly growing, and they are gaining popularity on several social media platforms, including the video gaming industry. Many gaming sites opt to advertise big crypto-assets as promoters, such as BTC, ETH, or ADA. Others go to great lengths to create their own local tokens.
Enjin Token(ENJ)
Enjin Coin (ENJ) is an Ethereum token that promises to “make using non-fungible tokens (NFTs) simple for individuals, companies, and brands.” ENJ is a cryptocurrency that is used to support the value of NFTs created inside the Enjin ecosystem.
Axie Infinity(AXS) vs Enjin(ENJ) Gameplay
Axie Infinity
Axies, like other turn-based video games, are designed to fight, and their battle effectiveness is measured by 4 statistics:
- The level of damage an Axie can endure before being knocked unconscious is determined by his health.
- The pace of the Axies determines the order of rounds, with the fastest Axies striking first.
- When an Axie plays numerous ability cards in a combo, Skill increases damage.
- An Axie’s critical hit chance, which affects its power to knock out an enemy, is increased by morale.
Battles
In Axie Infinity, players compete in three-on-three battles with their Axies, adopting a variety of tactics and methods to place their Axie on the board. The Axie’s Ability Cards are the game’s heart, deciding the offensive maneuvers Axies can utilize to deplete their opponents’ health. Because each Axie has a particular body form and class, each Ability Card is unique to them.
The best way to advance in Axies and gain AXS and SLP is to compete in arena fights and tournaments. Players, on the other hand, have the option of taking a more adventure-oriented approach to their game. Players earn additional tokens and rare artifacts by exploring the Axie Infinity world and defeating the in-game non-player combatants known as Chimera. These tokens and artifacts may be used to upgrade their characters.
Breeding
Axies, like their real-life counterparts, may have progeny with unique characteristics and abilities. Axies may reproduce up to seven times, requiring more SLP each time.
After 5 days of development, new Axie offspring might be employed for fighting, continued incubation with other partners, or traded in the Axie Infinity Market system.
Land
Axie Infinity allows players to do more than just acquire and trade creatures. Users can also acquire Lunacias, which are land pieces that function as Axies’ habitats. While undertaking in-game quests, players will be able to acquire resources and produce items to develop plots over time.
Enjin
Enjin Coin is an ERC20 coin that runs on the Ethereum platform, which implies it can be used for both transactions and smart contracts. Enjin was also one of the first companies to trial the Raiden Network, Ethereum’s variant of the Lightning Network, before electing to concentrate on Efinity, a unique scaling solution.
Developers that utilize the Enjin platform to mint must also use Enjin Coin. ENJ tokens are withdrawn from their wallets and sealed within the assets they generate, thereby removing them from the market and establishing scarcity while also giving a clear use proposition for the token.
Axie Infinity(AXS) vs Enjin(ENJ) Price and Market Cap
Axie Infinity
₿0.00212864 (-0.2%)
Market Cap: ₿144,536
24 Hour Trading Vol: ₿3,768
Fully Diluted Valuation: ₿574,864
Circulating Supply: 67,885,116
Total Supply: 270,000,000
Max Supply: 270,000,000
Enjin Coin
₿0.00006295 (2.2%)
Market Cap :₿58,858
24 Hour Trading Vol: ₿6,393
Fully Diluted Valuation: ₿62,994
Circulating Supply: 934,340,659
Total Supply: 1,000,000,000
Max Supply: 1,000,000,000
Axie Infinity Alternatives You Can Try
Here are some of the best alternatives of Axie Infinity available:
My DeFi Pet
My Defi Pet is a monster collecting and growing game based on the NFT system. KardiaChain, the first decentralized, self-optimized, and extensible blockchain system, debuted the game in May 2021.
My DeFi Pet is a virtual pet game that allows you to gather, breed, evolve, train, and combat your own virtual pets. The many pets come in a variety of forms and sizes, ranging from sweet and fluffy to frightening and terrifying.
There are a variety of ways to gain money in Axie Infinity, including PVP and PVE combat, daily tasks, and World Boss events. Its main cryptocurrency is called DPET Token, and it is also the game’s major money.
Overall, the gameplay and graphics in My DeFi Pet are rather good. The aesthetics and gameplay components are remarkably similar to those of the Dragon City mobile game. It’s a fantastic alternative to Axie Infinity, and it’ll have some major changes in early 2022.
Binemon
Binemon is a very new NFT game that is steadily gaining traction. It’s comparable to Axie Infinity in that it allows gamers to play while winning. The DRK Token serves as Binemon’s primary cryptocurrency.
Now, the 200,000+ player population has produced over 500,000 Binemons. The game is still under development, but it already supports interesting features like PvP and PvE, which were just released a few months ago.
Binemon’s gameplay is identical to Axie Infinity in its foundation. Binemons can be used to gather, trade, raise, and combat. Each Binemon is one-of-a-kind, with up to ten distinct body components and color schemes.
Binemon is presently at the Artemis stage of their strategy. They will also include tournament betting, fellowships, and other advancements throughout this period.
StarMon
Another amazing Axie Infinity alternative is StarMon. It took some cues from the Pokémon series, but it also incorporated some new gameplay components.
It’s towards the top of our list simply because it’s still a young game with a lot of people optimistic about it. With StarMon lands to come, the game has a solid commerce and breeding mechanism in place.
The StarMon NFTs that you may breed, gather, and sell can also be employed in adventure mode to face other trainers and foes. You may also receive various NFTs, such as StarMon territories and your StarMon avatar.
The business also intends to release a specialized StarMon Go app, modeled like Niantic’s popular Pokémon Go game. This allows you to take your StarMons with you everywhere you go and play in augmented reality and location-based settings.
FAQs
Who founded Enjin?
Enjin is a rapidly expanding project co-founded by Founder Maxim Blagov and CTO Witek Radomski. Enjin is a for-profit corporation that began in 2009 as a community gaming network.
In 2017, the project held an initial coin offering (ICO), raising $18.9 million. Enjin was launched in 2018.
How many ENJ Coins are there in circulation?
The total quantity of ENJ tokens is 1,000,000,000 and out of that only 823,130,411 tokens are in circulation.
According to the most recent data, there are 65,902 Enjin Coin owners. Furthermore, almost 10 million ENJ tokens have been removed from circulation and converted into ERC-1155 tokens, which are owned by 127,616 collectors.
How to buy ENJ?
Purchasing ENJ is as simple as going to the Kriptomat purchase Enjin website and selecting a payment option. Enjin may be purchased through Kriptomat using MasterCard or Visa, Skrill, SEPA transfer, Neteller, or Sofort.
Conclusion
ENJ and AXS have a lot of resemblances, yet they dissolve in front of their target audience. The war between Enjin Coin and Axie Infinity looks to have ended in a technical draw; they can both coexist because they have different aims. Yes, they are similar, but they are both based on a successful model and are not always a negative thing. Both are on the rise, sustainable, and have a strong foundation.
We begin the technological portion of the ENJ versus AXS debate by noting that their algorithms are dissimilar. By definition, Enjin Coin and Axie Infinity are both decentralized. Its denomination suggests that it aims to keep fees low while still allowing for quick transactions.
