With each new day, NFTs reach new heights of widespread appeal. In 2021, we had many high-profile NFT transactions, the most notable of which was a $69 million NFT. In this article, we will compare Axie Infinity(AXS) vs Illuvium(ILV) on Tokens, Gameplay, Market Cap, and Price.
The world is now preparing to greet the metaverse, with some of the finest metaverse games recently becoming popular. The metaverse is a collection of virtual worlds that continues to exist after you’ve stopped playing the game. Furthermore, the majority of these virtual worlds are linked to AR and VR to enhance the gaming experience.
Axie Infinity(AXS) vs Illuvium(ILV) Overview
Players nurture, battle, and trade charming NFT creatures called Axies in Axie Infinity, a crypto Pokémon-like video game. Axie Infinity Shards (AXS), which can be purchased and traded on platforms like Coinbase, and Small Love Potion (SLP), which is granted to players for investing time in the video game, are the two native altcoins.
Axie Infinity, a metaverse game in which users nurture, battle, and trade charming NFT creatures called Axies, was consistently the most popular crypto app on the Ethereum platform in the summertime of 2021.
Breeding, growing, and battling adorable creatures known as Axies is the focus of Axie Infinity. The majority of transactions take place on Ronin, a fast, customized sidechain built by developer Sky Mavis to have cheaper costs than the main Ethereum platform.
Illuvium is a blockchain-based fantasy war game set in an open environment. Illuvium is often referred to as the first AAA game on Ethereum, and it aims to provide a source of pleasure for both casual and die-hard DeFi aficionados with a variety of collecting and exchanging features.
The realm of Illuvium is home to animals known as Illuvials, which may be kidnapped and nursed back to health by gamers who defeat them in battle. They become a faithful part of the player’s collection after that and maybe employed in Illuvium’s auto dueler gameplay to fight other explorers.
The game is a hybrid of an open-world exploration game and a multiplayer online battle game. Gamers can spend most of their time discovering the vastness of the game world or assembling a formidable team of monsters.
Illuvium has been in production since 2020, and it is being constructed by a global Kieran Warwick, a serial businessman and early crypto user, and Aaron Warwick, an expert game designer, leading a team of approximately 40 employees.
The ILV token can be used in a variety of ways in the Illuvium ecosystem. It is the principal token used to reward players for their achievements in-game, as well as to provide players accessibility to their fraction of the Illuvium Vault and to engage in the game’s administration via the Illuvium DAO.
Axie Infinity(AXS) vs Illuvium(ILV) Gameplay
Axie Infinity is a “play to earn” game in which players can trade items (such as the Axies they breed, in-game property investment, and accessories like floral or barrels) on the game’s NFT market system while also gathering tokens generated by the game. In the videogame, there are two unique cryptocurrencies:
- Axie Infinity Shards (AXS), the primary cryptocurrency, may be purchased and traded on platforms like Coinbase. To play the video game, you’ll need some AXS, but you may swap them for Bitcoin, Dogecoin, or any other major cryptocurrency. AXS will also act as an administration token, allowing holders to vote on the game’s destiny.
- A second token, known as Small Love Potion (SLP), is given to participants in exchange for their time spent in the game. You can earn some by defeating an enemy’s Axie or completing missions in the game. The further you play, the more SLP you’ll be able to accumulate.
Sky Mavis, a Vietnamese software engineer, developed Axie Infinity in 2018. The game had over 1 million daily users as of August 2021.
You’ll need to have an Ethereum crypto wallet as well as enough ETH to play. You may buy ETH on an exchange like Coinbase and transmit it to Metamask or Coinbase Wallet (which is distinct from the main Coinbase application and can be downloaded from the App Store or Google Play).
You must purchase at least three Axies from the event’s marketplace before you can begin playing. Sky Mavis keeps 4.25 percent of all Axies, virtual property investment, and other things that users sell to one another.
Illuvium is more comparable to a full-fledged game than a blockchain-based project. It’s only accessible through a desktop application, but it’s accompanied by a slew of DeFi apps, including a food farm and a decentralized marketplace.
Players fight Illuvials and other users on the Illuvium landscape, participate in missions and epic quests, and pursue the game’s overall narrative. Along the route, they collect Illuvials, which have a range of qualities that vary in rarity, utility, and appeal. These are some of them:
- Classes: Guardian, Rogue, Empath, Fighter, and Psion.
- Affinities: Fire, Air, Earth, Nature, and Water.
Though its class and affinity are the most essential characteristics, each Illuvial has a slew of other characteristics that contribute to its fighting prowess, including attack damage, attack speed, and ferocity. Illuvials gain strength as they gain experience may be boosted with in-game consumables and can be upgraded into a unique “ascended” form that benefits from both affinities at the same time.
Each Illuvial has its own NFT, which can be freely traded on major markets outside of IlluviDEX. They may also be combined to produce more powerful forms, and come in three different types: regular, holographic, and dark holograms, the latter of which is extremely rare.
The game will make money from a variety of methods, with the majority of it coming from in-game sales of items, crafting materials, cosmetics, and shard healing. 100% of this money is delivered as bonuses to people who secure ILV tokens through an ILV repurchase scheme.
Illuvium features a completely 3D terrain with over 100 different Illuvials spread over its many sections. Each Illuvial is created by a team of world-class creatives to appeal to players who are accustomed to high-end retail games.
Aside from that, it has a lot of elements that set it apart from other blockchain-enabled games as well as AAA titles. These are some of them:
Although Illuvium is protected by Ethereum, it is constructed on Immutable X (IMX), a layer-2 solution for scaling applications with NFT functionality.
Illuvium ensures that players can mint and barter their NFTs with 0 gas fees and near-instant transaction finality by utilizing Immutable X’s functionality. While using IMX, users are always in control of their assets.
Illuvium has an integrated decentralized exchange (DEX) platform called IlluviDEX. This might be used to securely swap Illuvium assets like Illuvial NFTs. Each sale is subject to a 5% fee, which is channeled into the ILV staker rewards stream.
The Illuvium yield farming program has been given 3 million ILV, which is 30 percent of the maximum availability (10 million). These will be awarded over 3 years to users who provide liquidity as well as through other partner incentive schemes.
Axie Infinity(AXS) vs Illuvium(ILV) Token
Axie Infinity(AXS and SLP)
Smooth Love Potion (SLP) is an ETH-based coin awarded to Axie Infinity players as compensation for playing the video game. Many gamers use it to breed Axies, but the cryptocurrency can also be traded for money on exchanges. Breeding causes SLP to be burned, but playing causes SLP to be distributed more widely.
SLP is presently in full circulation, which implies that at any one time, 100% of the resource has entered the environment. The coin is split evenly between Sky Mavis’ (Axie Infinity’s developers) blockchain and the Ethereum blockchain.
SLP is Axie Infinity’s in-game money. Adventures or arena clashes earn the cryptocurrency. The quantity of SLP acquired in the game is proportional to the player’s skill level; stronger players earn more SLP. In Arena Mode, players can earn as much as (approximately) 12 SLP every win or as little as (about) 1 SLP per win. In Mission Mode, players can earn up to (approximately) 20 SLP every win or as little as (about) 1 SLP per win.
The primary purpose of these crypto-assets is to breed Axies, but they can also be sold on transactions for a profit. As an Axie’s breed count grows, so does the SLP required for breeding. The minimum quantity of SLP is required when a virgin Axie (0/7) is bred with some other virgin Axie.
The ERC 20 governance coin, Axie Infinity Shards, has a total quantity of 270,000,000. Governance (in-game right to vote and reward receipt), staking (sets up AXS but rewards fresh AXS), and payment are the three major functions of the coin.
The receipt of AXS from the public treasury is part of governance. The treasury is where Axie Infinity consumers can truly receive money. The money is generated by collecting 4% of each purchase on the Axie Infinity market, which includes a part of staking rewards. Owners of this coin will eventually be granted voting privileges within the videogame.
The receipt of newly created AXS is the result of pinning or locking up AXS. To claim prizes, Stakers will be needed to vote and play the video game.
Presently, the main use case is for in-game payments (breeding fees). It’s also possible to get it through playing the game. AXS may be acquired by placing in the top 200 gamers in each season (for a month). This might amount to around 400 AXS. The other use instances are not yet implemented, but AXS will be needed for involvement in the Axie Infinity economic system soon.
Illuvium (ILV) is the indigenous utility token of Illuvium, a blockchain-based videogame. Illuvium is the first AAA game created on a public blockchain, and it is based on the Ethereum platform.
Axie Infinity(AXS) vs Illuvium(ILV) Price and Market Cap
Market Cap: ₿136,825
24 Hour Trading Vol: ₿4,629
Fully Diluted Valuation: ₿544,196
Circulating Supply: 67,885,170
Total Supply: 270,000,000
Max Supply: 270,000,000
Market Cap: ₿13,490
24 Hour Trading: Vol ₿576
Fully Diluted Valuation: ₿212,513
Total Value Locked (TVL): ₿1.367336
Fully Diluted Valuation / TVL Ratio: 155421.23
Market Cap / TVL Ratio: 9865.77
Circulating Supply: 634,776
Total Supply: 7,000,000
Max Supply: 10,000,000
How Does Illuvium Compare With Axie Infinity?
Even though both Illuvium and Axie Infinity include collectible in-game creatures that can be fought, exchanged, and enhanced, the scale of the game environment around these animals differs.
Illuvium, however, is a 3D RPG with a progressively revealed plot and a big, open, explorable world, whereas Axie Infinity is a well-known, quirky 2D game with cute monsters called Axies that resemble Pokemon. It is possible to breed axes.
Both Illuvium and Axie Infinity include a strong gamification DeFi aspect, which means actual Ether (ETH) can be at stake when playing either game since certain Illuvials and Axies can sell for a lot of money on the marketplace.
Illuvium’s Illuvials are fully unique, contrasting Axie Infinity, which develops each Axie from a random selection of resources. Each one has unique artwork and tampering to ensure that they stand out and are representative of their characteristics and region.
Although the two games have some parallels, Illuvial is mostly aimed towards traditional players who may or may not be familiar with altcoins and NFTs, whereas Axie Infinity is primarily aimed at crypto enthusiasts.
Where can you buy SLP?
SLP is available for buying and selling on many different cryptocurrency exchanges. Binance, Uniswap, and crypto.com are among the most well-known. Large cryptocurrency exchanges, such as Coinbase, do not yet support this coin.
Who owns AXS?
Axie Infinity offers investors a lot more than simply a popular metaverse game. For most crypto aficionados, this is the main attraction.
The Axie Infinity team has released Katana, a decentralized exchange. While the number of trade pairings is limited, this decentralized exchange enables shareholders to engage in yield farming, potentially adding another source of unearned income for AXS unitholders.
Those who own Axie Infinity tokens and transfer them to the Katana exchange might get prizes just for doing so. Investors may also trade AXS for other tokens on this market, making it very simple to exit the ecosystem.