Decentraland (MANA): The Ethereum-Based Metaverse Platform
Decentraland is an Ethereum-based metaverse platform incentivizing users to share a virtual space. Users can buy virtual real estate and explore the metaverse world. The platform also encourages decentralized peer-to-peer payments and interactions. They also have built-in features to facilitate a wide range of use.
With the aid of Ethereum, Decentraland has built a system to track virtual lands, interactions, and the use of its tokens. There are two types of tokens on Decentraland. These tokens are LAND and MANA. LAND is a digital representation of the land spaces on Decentraland. It is an NFT. MANA is not an NFT. It is the utility crypto token on Decentraland. With MANA, users can purchase LAND, interact with other users and make payments. It will also be the governance token. Users will be able to vote on LAND updates and policy changes.
Enjin Coin (ENJ): The Creative Coin
Enjin coin helps developers on Enjin mint and create items for games. It is a token that supports a gaming protocol, Enjin. Enjin enables the creation and management of in-game assets on the Ethereum blockchain. With Enjin, developers can design and create varying in-game purchases such as tokens, fighting swords, boats, etc.
Interestingly, these in-game assets are recorded on a smart contract and can be shipped to the desired game. However, before developers can harness all these functions, the Enjin coin is needed. Developers need to lock the coin in a smart contract before they can mint the tokens they created. When the gaming token is sold, the ENJ is released to the seller. Players can also swap their tokens for other tokens or Enjin coins.
This gaming platform also has its native wallet called Enjin wallet. This wallet allows platform users to connect to games, manage their tokens, and trade. That is to say; they can trade their tokens whether in-game or not; they can also swap for Enjin or other tokens.
All of these features contribute to the value of the Enjin coin.
Moshnake (MSH): The New Crypto in Town
Moshnake token is the native token of the Moshnake game. The token will facilitate significant transactions in the Moshnake ecosystem and serve as a means of reward for players. Moshnake Token is a BEP-20 token, i.e., users can swap BNB for the token.
We can’t talk about using the Moshnake token without talking about Moshnake. What is Moshnake?
Moshnake is a snake game deployed on the Binance blockchain. Moshnake creates a gaming arena for users to compete with snake NFTs. They can also choose to compete or just play alone. At the gaming arena, the sole focus is to hunt for rewards. And there are various kinds of rewards on Moshnake. There are surprise crates, Moshnake tokens, and eggs. These rewards will contribute to the survival of the snake and the income a player earns.
As a play-to-earn game, there are many ways a user can make income from Moshnake. The most obvious way is to hunt for Moshnake tokens in the gaming arena. Another good way is to breed NFT snakes and resell them in NFT marketplaces. Lastly, users can also hatch eggs into snakes. Aside from the fact that the process is not straightforward, it ensures snakes are available for new players. After they make a new snake, they can decide to sell that snake for profit. A user will need the immutability serum mixed with a venom potion to hatch a snake.
Users need the Moshnake and Venom tokens to explore the game. Moshnake is the utility and governance coin, while Venom is the in-game currency. Aside from these tokens, every other in-game asset is an NFT.