Decentraland(MANA) vs Illuvium(ILV) Metaverse Comparison: Tokens, Gameplay, Market Cap, Price
Virtual reality is the Metaverse. It is a virtual world system that allows the user to enter domains and engage with other people. In this article, we will compare Decentraland(MANA) vs Illuvium(ILV) on Tokens, Gameplay, Market Cap, and Price.
A head-mounted display (HMD) like the Oculus Rift system can be used to enter the Metaverse. It includes 3D images, audio effects, and other stimuli to improve the user’s experiences in their reality.
The Metaverse will construct a digital avatar for you as soon as you enter your first domain, based on what you have specified in your profile settings or been given by some other user who has already entered this domain.
Table of Contents
Decentraland(MANA) vs Illuvium(ILV) Overview
Decentraland
The Ethereum network powers Decentraland, a virtual metaverse. Users may visit Decentraland’s webpage to explore the virtual environment, and investors can buy land plots in Decentraland while monetizing them as they see appropriate. Decentraland has so far been home to museums, games, corporate office space, and residential residences.
To authenticate ownership of land and things in the game, the project employs the ERC-721 protocol. This is the standard for non-fungible tokens (NFTs). These in-game objects may be bought and sold for real money. With this functionality, Decentraland intends to establish a viable and commercialized virtual world.
Decentraland can be used for several purposes, including entertainment and business. Gamers like the videogame for its sheer entertainment as well as the virtual environment’s visuals and noises. Businesses may make money by investing in land.
MANA is Decentraland’s native currency, and it serves a variety of purposes. It’s a governance token, which means it can be used to vote on the project’s future direction. A decentralized autonomous organization allows for this feature (DAO). MANA may also be used to make in-game purchases. MANA can be used to purchase things for sale in the video game, giving the token a new purpose and encouraging players to buy it.
Decentraland was launched for the first time in August of 2017. Ariel Meilich and Esteban Ordano founded Decentraland, although they have since decided to step down from their positions. Meilich has a lot of startups and entrepreneurial expertise, but Ordano has a lot more tech experience. The two used their respective skillsets to develop a formidable initiative that attracted Binance and Samsung as partners.
Illuvium
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. Thereafter, they become a loyal member of the player’s inventory and may be used to combat other explorers in Illuvium’s automatic dueler gameplay.
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.
Decentraland(MANA) vs Illuvium(ILV) Gameplay
Decentraland
The world of Decentraland is made up of many virtual plots of land that are characterized on the public ledger as non-fungible tokens (NFTs). Owners are allowed to develop and exhibit their inventions for all to see as long as they stay within the bounds of their property allotment.
Land parcels may be acquired using several tokens on secondary marketplaces like OpenSea. However, depending on the size of the property and its closeness to various public locations, they will set you back quite a bit.
If you’re experiencing claustrophobia, you can expand your landholdings by combining adjacent packages into estates. Owners may easily maintain and grow their landholdings with these joined plots of land, particularly if they’re seeking to build structures that won’t fit on a single ordinary land plot. The underlying land pieces are represented by another ERC-721 NFT called an estate.
Having land is only half of the fun; the other half involves creating incredible structures and artifacts to display, and also exploring the vast Decentraland metaverse. But first, you’ll need an Avatar, which are three-dimensional figures that let users take on an online identity in Decentraland, where they may explore the virtual world and interact with others.
You may make as many avatars as you like and personalize them with your unique style, or you can select from hundreds of clothes. You may also alter your hair and facial characteristics instantaneously, unlike in real life!
If the free outfits do not appeal to you, Decentraland also offers premium NFT wearables that can be acquired via presale or the subsequent market using MANA. Wearables are available in a variety of rarities, from Unusual to Mythic. The lesser the mintable quantity for that specific item, the higher the scarcity.
Exclusive wearables can also be created by brands and content developers for particular contests or events. By proxy, these wearables are created on the Polygon blockchain, allowing users to trade them without paying exorbitant fuel fees. Some of these unusual goods, including a MetaMask Beanie or our own Gecko Hat, are available on the second-hand market.
Illuvium
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.
Besides that, it offers many features that distinguish it from other blockchain-enabled games and AAA titles. Here are a few examples:
Layer-2 Integration
Although Illuvium is Ethereum-protected, it is built on Immutable X (IMX), a layer-2 technology for scaling NFT-enabled apps.
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.
The IlluviDEX
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.
Yield Farming
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.
Decentraland(MANA) vs Illuvium(ILV) Token
Decentraland(MANA)
The MANA native token, which can be used to buy land plots, gadgets, and other services inside Decentraland’s virtual environment, drives the economy. Token holders also can engage in governance by submitting or voting on community ideas. Most centralized and decentralized exchanges, including Binance and Uniswap, sell MANA coins. The price of MANA tokens has risen >5x in the last year as a result of Decentraland’s success and asset prices soaring.
Illuvium(ILV)
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.
Decentraland(MANA) vs Illuvium(ILV) Price and Market Cap
Decentraland (MANA)
₿0.00007630 (2.8%)
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
Illuvium (ILV)
₿0.02126077 -3.5%
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
Top Metaverse Games
Roblox
Roblox, among the most prominent metaverse games, is ranked first in our top ten metaverse games for 2022. It clarifies the issue of cultural assimilation. It provides gamers with an online social platform where they may share their thoughts. Roblox allows you to construct your virtual world and share it with other Roblox players. You may also make money if a player buys anything from you in-game.
Roblox is an online game that allows people to make their games, virtual gaming, and other experiences. Roblox has been operating for over a decade and is still one of the most widely used game development platforms on the planet. It’s aimed at youngsters aged 8 to 18, but it’s also used by professionals to develop instructional games for kids. Roblox is a 3D platform that enables users to quickly and easily create their games, environments, and experiences. Roblox’s emphasis on creativity and collaboration has boosted its appeal among today’s youth.
Sandbox
Sandbox is also a possible top metaverse game that uses the SAND utility coin to enable users to create, own, and sell gaming sessions on the Ethereum Platform. Sandbox is a very new and well-liked game. It was released in 2003 and is compatible with both PC and Mac. The goal of this game is to get away from a deadly island with the assistance of other individuals you meet along the way.
Sandbox is another potential top metaverse game that makes use of the SAND utility token to allow people to create, own, and sell gameplay sessions on the Ethereum Platform. Sandbox is a relatively new and popular game. It was published in 2003 and works on both PC and Mac computers. The purpose of this game is to escape a dangerous island with the help of other people you encounter along the way.
Axie Infinity
This is also one of the top metaverse videogames. Because financial services are difficult to get by in certain areas, people are playing the game to gain money. In this game, you must acquire Axie characters in the shape of NFTs and collect three Axies. After that, you’ll be able to compete with other gamers.
Axie Infinity is a game that operates on the Ethereum Virtual Machine and may be hosted on the Ethereum network. The EVM uses a global network of public nodes to offer computing. Smart agreements, which are programmable distributed code recorded on the blockchain and performed automatically when specific circumstances are satisfied, are supported.
Axies are held on the Ethereum platform as non-fungible tokens (NFTs), allowing Axie breeders to display ownership of their Axies via QR codes or hex sequences. Axies in this video game have many characteristics such as body type, color, stripes/spots, and so on. These characteristics make it easier for players to distinguish between them.
FAQs
When was the term Metaverse coined?
1992
Who invented the Metaverse?
Author Neal Stephenson
Conclusion
Metaverse can be invested in both directly and indirectly. You may either buy metaverse coins like SAND or MANA, or you can invest directly in the metaverse. Alternatively, non-fungible tokens can be purchased in-game. The third option is to buy virtual real estate in the metaverse. Tangentially, one can invest in equities, related to the metaverse, such as Apple or Facebook. The other option is to put money into a metaverse index.
