Axie Infinity and Decentraland: Features and Differences

Axie Infinity and Decentraland: Features and Differences

Blockchain games, crypto games, play2earn and everything related to this gaming niche are still relatively new concepts. The interface between cryptocurrency and blockchain technology and gaming is more or less inevitable, and now it has emerged and its popularity is rising rapidly. There are many blockchain game platforms in existence and emerging, and hundreds of projects ahead, it’s easy to forget who is who and what is what.

That is why we had compiled a list of 6+ Best Blockchain Gaming Platforms In 2021 that have or will have, a huge impact on the blockchain gaming space. But today, we will be exploring the features and differences between Axie Infinity and Decentraland.

Axie Infinity

Axie Infinity, developed by Sky Mavis, is a blockchain-based virtual game world where players can collect and breed digital pets called Axies, which they can use to compete in turn-based card games. Axies is ERC-721 or non-fungible token (NFT), which means that every pet is a unique digital asset with unique properties. The Axie Infinity game specifically includes the ability to make money playing games, and Sky Maven claims this structure attracts a global user base that has generated significant revenue from the metaverse.

Sky Mavis released the alpha version of Axie Infinity in 2019. In 2020, it sold the Axie Infinity native ERC-20 governance token: Axie Infinity Shards (AXS) on Binance Launchpad. Before that, a private token sale for strategic investors was carried out in mid-2020. Sky Mavis intends to use AXS as a progressive decentralization mechanism that will eventually allow the Axie Infinity community to manage the metaverse and have governance set by individuals or organizations for participation in AXS token holdings.

Axie Infinity Game Features

Axie Infinity has four main features: battle, breeding, land, and the marketplace:

  • Battle: is a turn-based card game. The player’s aim is to defeat his opponent. Each side always consists of 3 axes. Each Axie NFT has different characteristics, making it suitable for different characters in the game. They also have stats – health, morale, skills, and speed – that affect Axie’s success in the game and his participation. In addition, each Axie belongs to a class: beast, aquatic, plant, moon, star, reptile, bug, bird, or nut.
  • Breeding: You can breed your Axies to create offspring that can be sold, reproduced, or used in battle. Axies have three genes that determine the characteristics of their offspring. Axie Infinity controls the number of Axie to handle price increases, so each Axie NFT can only be multiplied up to 7 times. Every time you breed Axie there is a fee of 0.002 ETH, and you must also get a small love potion (SLP), which is ERC-20 tokens that can be earned on the transaction, that is in the metaverse or on a decentralized exchange (DEX) for example a uniswap.
  • Land: Axies’ land is called Lunacia and is divided into 90,601 lots, each of which is an ERC-721 token. The property is your Axie’s home and can be upgraded with items sold in the Axie Market. Landowners can also find AXS tokens on their properties. 
  • Marketplace: If you want to buy or sell an Axie, you can do so in the Axie market, although Axies can be sold in other NFT markets as well. You can also buy a plot of land and other items for your land, such as objects and decorations.

Decentraland

Decentraland was opened to the public in January 2020. It is a virtual world or metaverse based on Ethereum that is owned by its users and managed by a decentralized autonomous organization (DAO). It has three native tokens: LAND, an ERC-721 token that represents digital land parcels; Estate, an ERC-721 token representing merged digital land parcels; and MANA, an ERC-20 token currency used as a Decentraland’s currency.

Like most other virtual worlds, you can experience Decentral and Metaverse through avatars and use them to explore the evolving digital destination maps. Activities like buying digital art at the Crypto Valley Art Gallery, trading with Bartertown regulars, and studying at Decentraland University are only possible with digital tokens.

Features of Decentraland

There are three features of Decentraland: MANA, LAND and Estate and they are defined by three smart contracts:

MANAtoken contract, LANDregistry contract, and EstateRegistry contract. All virtual areas in Decentraland consist of individual LAND properties that you can buy with MANA on the Decentraland marketplace. You can also purchase wearable devices for your avatar, including clothing, shoes, and accessories, from the Marketplace. Every transaction is recorded on the Ethereum blockchain, effectively making it a register of all the digital assets you purchase in Decentraland.

If you own LAND, you can freely create and monetize digital environments and applications such as games and themed communities on it. Parcels of land that are directly next to each other can be combined to form an estate. Some crypto companies like Rarible, MakerDAO, Superare etc. have even created virtual offices and art galleries in Decentraland. Decentral also hosted various virtual meetings.

The Difference Between Axie Infinity and Decentraland

The Axie Infinity is ERC-721 tokens. The ERC-721 token like Land and Marketplace have properties that make each token unique. Therefore, they are not interchangeable and are known as non-fungible tokens (NFTs). This means that they cannot act as currency but are used to create unique world objects such as avatars, wearable devices, and unique parcels of land.

Decentraland has both the ERC-20 and ERC-721 tokens. ERC-20 tokens like MANA are also known as fungible tokens, which means that they can be exchanged with other ERC-20 tokens. Likewise, every MANA token is the same and unique attributes are missing. These properties make MANA an ideal world currency for Decentraland.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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