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Decentraland(MANA) vs Enjin Coin(ENJ) Metaverse Comparison: Tokens, Gameplay, Market Cap, Price
Internet users, players, and developers now expect user interfaces that are both aesthetically pleasing and optimized to suit the performance needs of today’s gadgets. In this article, we will compare Decentraland(MANA) vs Enjin Coin(ENJ) on Tokens, Gameplay, Market Cap, and Price.
They also demand a platform that protects and secures their data. The phrase “metaverse” has been spreading all over the internet as a result of this combination of market needs. This supports the notion that our digital lives are growing increasingly valued. Digital assets, connections, and emotions are all valuable in their own right.
Decentraland(MANA) vs Enjin Coin(ENJ) Overview
Decentraland
Decentraland is a virtual world platform that allows you to purchase property tracts. You may expand the plot by constructing and selling whatever you want on it. Decentraland, which was created in 2017, was one of the first to attempt to create a decentralized virtual reality built on Ethereum. Only 90601 chunks of LAND are accessible, each measuring 16 square feet. MANA, the ecosystem’s native coin, has a circulation of 2.2 billion units.
There are 1.8 billion units in circulation right now. This platform is used by gamers, creators, and companies that want to take advantage of metaverse potential and have fun. With such a vast target audience, the currency is in high demand. This is what makes Decentraland such an appealing investment.
Enjin
Enjin is a piece of software that allows programmers to build and manage virtual commodities on the Ethereum network.
Enjin hopes to eliminate the expensive costs and fraud associated with the transfer of digital in-game goods and collectibles by utilizing blockchain technologies for managing in-game objects across many sites.
Enjin has launched software development kits (SDKs) that enable members to both generate and integrate digital commodities on Ethereum into apps and games.
Each minted asset may be customized to meet the intended platform and is documented in a smart contract, providing the products the benefits of cryptocurrency, such as speed, cost, and protection.
Decentraland(MANA) vs Enjin Coin(ENJ) Gameplay
Decentraland
Many underlying components of Decentraland are constructed using Ethereum smart agreements.
The consensus layer keeps track of land unit ownership through a ledger. Each LAND parcel has a virtual world location, an owner, and an URL to a descriptive file that details the parcel’s contents.
Finally, using user identities and voice chat and texting, the real-time layer supports social interactions inside Decentraland.
The Decentraland team has also developed a marketplace and a drag-and-drop editor for users to utilize to create settings outside of the game area.
Participants can use the marketplace to store and trade LAND tokens, which are valued in MANA. Owners may utilize the marketplace to buy, sell, and trade parcels as well as other in-game products like wearables and distinctive names.
It’s worth noting that all transactions are resolved between Ethereum accounts, and therefore are validated by Ethereum’s network and recorded on its blockchain.
Owners may use Decentraland’s building tools to create a one-of-a-kind experience inside their LAND plots. Developers may access customization libraries and transaction implementations through its editing software, which allows them to create interactive scenarios.
Enjin
The major use case for Enjin is to allow users to manage and save virtual items in video games. These may be anything from in-game currency to tokens symbolizing unique game things such as swords or player accessories.
To support these features, the Enjin team has developed several SDKs, including wallet and payment system kits. (By providing common functions for developing virtual products, these SDKs reduce the cost and complexity of creating these objects.)
Enjin has also produced application programming interfaces (APIs) to aid with the deployment of these things in-game, in addition to their SDKs.
Decentraland(MANA) vs Enjin Coin(ENJ) Tokens
Decentraland
In Decentraland, operations are governed by two sorts of tokens.
These are the following:
- LAND
- MANA
Updates to the Decentraland technology are made possible through a network of blockchain-based intelligent contacts that allow MANA owners to vote on policy modifications, land auctions, and new development incentives. The Decentraland app is designed to track LAND token-defined real estate properties.
The program uses the Ethereum blockchain to monitor possession of this digital land, and users must keep their MANA token in an Ethereum account to interact with its ecosystem.
Developers may also play with Decentraland’s technology by altering the motion and interaction that consumers see in their virtual homes.
Enjin
Enjin Coin (ENJ) is a cryptocurrency that symbolizes value on the Enjin system, with a value allocated to each item on the platform in ENJ. ENJ has a circulating supply of around 835 million out of a total of 1 billion coins. Its recent climb has propelled it into the top 75 crypto market capitalization rankings. The increase of meta-themed tokens is projected to continue, putting ENJ in the top 50.
ENJ has seen a significant surge in value since Facebook’s corporate renaming to Meta some days ago. ENJ has had a temporary retracement to market around the $2.5 level after a 200 percent surge to $3.5 in less than a month. It is trading well above its 20-day rolling average of $1.92, which will provide solid support in the event of a pullback. It’s also expected to be in line with its Fibonacci retracements, which are now at $1.97-$2.
On the contrary, ENJ will face opposition around $2.6 and $2.95, which it must convert to support to sustain its rally.
Enjin already has a substantial user base. Its success is linked to the acceptance of NFTs and the metaverse by the general public. All of these concepts remain dominant in the crypto industry, implying that demand for the Enjin system and the ENJ token will be strong. ENJ appears to be a Top 50, if not Top 25 token in the new future, with various functioning products – such as its digital wallet – now accessible.
Decentraland(MANA) vs Enjin Coin(ENJ) Price and Market Cap
Decentraland(MANA)
₿0.00007086 0.5%
0.00007086 BTC 0.5%
0.00089645 ETH 0.6%
Market Cap ₿94,018
24 Hour Trading Vol ₿8,184
Fully Diluted Valuation ₿155,395
Circulating Supply 1,327,372,145
Total Supply 2,193,908,727
Max Supply 2,193,908,727
Enjin Coin (ENJ)
₿0.00005593 -1.7%
Market Cap ₿52,184
24 Hour Trading Vol ₿3,574
Fully Diluted Valuation ₿55,851
Circulating Supply 934,340,659
Total Supply 1,000,000,000
Max Supply 1,000,000,000
Top Metaverse Games
Axie Infinity
Axie Infinity is among the most popular and profitable blockchain games ever created. Do you remember the game ‘Pokemon Go’? Axie Infinity, like Pokemon, is a charming NFT pet videogame that has bulked the wallets of crypto nerds and laypeople who would otherwise avoid the cryptocurrency market.
By playing the game, players may earn AXS, the Axie token. It’s been a great hit, with some people abandoning their jobs to live the ‘play-to-earn’ style. It allows its tokens to be used in its metaverse. The AXS token may be exchanged for ETH, which can then be used to purchase NFTs.
The Sandbox
On the Ethereum network, the Sandbox is a virtual space where individuals can use the SAND coin to create, manage, and monetize their gaming experience. Players may generate digital resources in the form of Non-Fungible Tokens (NFTs), sell them on the market, and use Game Maker to incorporate them into games.
The Sandbox gives artists actual ownership of their works in the form of non-fungible tokens (NFTs) and compensates them for participating in ecosystem activities and interactions including transaction fees, mounting, and buying and selling game objects, among other things.
No coding is necessary since users can utilize visual scripting tools to build aesthetically spectacular games in mins. Users can also upload, promote, and sell their VoxEdit works on the market.
GALA
Eric Schiermeyer launched Gala, a blockchain gaming system, on July 21, 2019. It integrates NFTs to build a blockchain gaming environment where players may sell and own videogame assets at any moment on a global scale. Gala Games’ mission is to elevate the gaming business to a whole new level by giving players back control of the game.
GALA, the platform’s native utility coin, is utilized for network governance, node operator rewards, and in-game rewards for platform game participants. It may also be used to buy NFTs and commodities in the Gala shop with it as in-game money. Gala, as a blockchain-focused gaming system, also allows players to play with their own NFT characters.
High Street (HIGH)
High Street allows you to play while still earning money, which is why so many players flock to this currency. If you like hybrid functioning models, we’re confident you’ll enjoy this coin.
Its mixed virtual experience concept distinguishes it from other currencies. It’s intriguing because it’s half real and half virtual, and NFTs play a big part in it. Many well-known businesses may be brought on board to have their products used as NFTs.
The tangible things may be purchased and owned by users. The network also uses a smart bonding curve to alleviate token holders’ liquidity concerns. Completing tasks and collecting in-game tokens provide a thrilling experience, giving High Street a worthwhile investment.
Somnium Space
With its distinctive 3D avatars, Somnium Space allows users to do precisely that. As the NFT market grows, these Avatars are being used in a growing number of collections. The best aspect is that anybody may use Somnium’s WebXR platform to visit every nook and cranny of the metaverse.
The concept is unusual in that it allows users to design their sceneries and full-body characters on their land parcels. While the majority of metaverse projects use the Ethereum blockchain, Somnium has chosen Polygon.
This platform is powered by the CUBE token, which allows participants to easily transfer assets. This would be a nice addition to your collection if you want to vary your metaverse currency investments.
Meta Hero
Meta Hero has partnered with Wolf Studio to provide modeling and 3D scanning to the virtual world. In the 3D scanning business, Wolf Studio is the Big Four’s counterpart. Intensive evaluation of a few of the most popular titles, like CyberPunk 2077, would be possible as a result of the partnership.
Customers may transform their tangible assets into NFTs using their seamless system. If you thought 4k HD scans were the bee’s knees, you’ll be shocked to learn that 16k ultra-HD scans are on the way.
HERO, their usage token, may be used to pay for scans and royalties. The one-of-a-kind Meta scanners may be used to create in-game characters, publish, and scan in the virtual world.
Red Fox Labs
The present retail ecology would be disrupted by having a virtual shopping location, and Red Fox Labs, a technology startup, is building just that. Its goal is to create a unique metaverse platform that offers an immersive retail experience. It is attempting to do this by combining game aspects in Callinova Auction and RFOX VALT.
The Red Fox Labs ecosystem has two tokens, each with a particular operational function. RFOX tokens may be used to purchase virtual goods and lands, whereas VFOX is a reward token.
The business is developing its banking and gaming platforms, RFOX finance, and RFOX games, accordingly, to create a one-stop-shop metaverse ecosystem.
Bloktopia
Despite being a newcomer to the metaverse, the Bloktopia initiative has been listed on well-known cryptocurrency exchanges such as KuCoin and OKEx.
It has gotten funding from some of the most famous investors in the video gaming business. The games employ a state-of-the-art real-time 3D development engine to give a mind-blowing viewing experience in VR. It’s among the few metaverse initiatives with the Polygon network’s support.
Star Atlas
Star Atlas is a blockchain game that is attempting to provide the finest AAA gameplay possible. The game has become extremely popular among gamers since the release of its trailer. The hype around this Solana-powered metaverse is palpable.
A dual token concept is used in the game, allowing tokens to be staked. By participating in fights and building alliances while exploring other planets, tokens may be used to get uncommon in-game goods. Because the game is developed on Unreal Engine 5, you can expect a real-time cinema experience.
Because the game is still in its early phases, now is an excellent moment to invest and get the rewards of being an early adopter.
Conclusion
In the cryptocurrency world, there’s never a dull moment, and who doesn’t enjoy waking up to something new every day? If the hype around the metaverse hasn’t gotten you on your feet yet, you can bet it will if you invest in the expanding business.
