Decentraland(MANA) vs Sandbox(SAND) Metaverse Comparision: Tokens, Gameplay, Marketcap, Price
In this new world, the gaming industry and Blockchain technology, which allows for the transfer of wealth via cryptocurrencies, appear to be leading the way in producing powerful emotions that allow for enjoyment during times of isolation. Faced with rising demand, several platforms are quietly vying for dominance in the decentralized gaming market, allowing their players complete power over their activities in a bizarre environment parallel to our own. Today we will discuss Decentraland(MANA) vs Sandbox(SAND) Metaverse and conduct a comparison on its Tokens, Gameplay, Marketcap, Price.
Decentraland(MANA) vs Sandbox(SAND): An Overview
It was the first Ethereum-based virtual environment where users could create, play with, and monetize their content and apps.
This platform, like The Sandbox, is not owned by a single entity or company. It is a decentralized virtual reality world that enables you to commercialize the content you generate using basic tools like the Builder tool and more advanced SDKs.
Unlike other systems, Decentraland is not a game that can be played on many platforms or smartphones, and the production of applications and data in its metaverse is limited to individuals who have prior skill with graphic design.
This Metaverse, on the other hand, is well-liked by the Blockchain community, to the point where it offers games from independent firms (such as Matic and Decentral Games) as well as online activities in its virtual areas of fame within the ecosystem.
There are 3 types of tokens in Decentraland that comprise a sort of real estate sector: WEAR (wearables and items), MANA (money), and Property (land).
Decentraland’s coinage is MANA. You can use it to rent or buy digital land parcels called LAND, which are controlled by a smart contractual basis on the ERC-721 specification that has been approved and is kept in the blockchain.
Unlike its rival The Sandbox, which employs both ERC-721 and ERC-1155 assets, Decentraland is currently only built on the ERC-721 specification.
One of Decentraland’s greatest achievements has been to illustrate the usefulness of this type of platform in specific real-world scenarios, as evidenced by the Coinfest Conference conducted at the peak of the digital epidemic.
The Sandbox is a Metaverse game associated with the public Ethereum platform that enables users to compete, rent virtual properties called “LAND,” develop their own creative works, and pay ERC-20 tokens in the game called “SAND,” creating the only global market on the forum that commercializes your skills and talents.
The game’s native asset SAND may be used to execute the game’s five features: purchase, trade, play, create, and govern, thanks to its big focus on decentralization, a crucial concept in cryptocurrencies.
The program is an example of combining two technologies that appear to be unconnected at first glance: virtual world and blockchain. This crossover, on the other hand, will allow users to get a limited amount of virtual land, or LAND, which is among the game’s most appealing assets.
The Sandbox usually uses the support of non-fungible tokens to advantage ownership, digital lack of supply, and interoperability in the revenue of content created within its metaverse, via a powerful Voxedit visual editor that allows, in conjunction with its Game Maker, to create content Powerful graphic for all preferences, for complimentary with no need for programming skills: everything is done without code.
Game Maker and Game Client are accessible on Mac and PC, with a test version scheduled for this year on mobile devices, as per its roadmap, in terms of the ease of use of its resources to develop games inside its metaverse. Without a doubt, it has a significant advantage over other analogous platforms in terms of mainstream adoption of Blockchain technology video games.
The platform has announced the debut of “Pre Season 0” for the first season of the year, which will feature an event for users to get acquainted with Sandbox Metaverse’s first public updated version and its Play-to-Earn mechanism.
Hack The Thao, Planet Riff, Dethrone, and Viking Fjord, among several other projects in development backed by the Game Creator Fund, are planned to be ready for Pre-Season 0, with a list of around 40 titles generated by 17 development teams and game companies.
The Sandbox dev team is currently working with the Enjin project to include ERC-1155 in the game in the middle of the platform’s upgrades.
Decentraland(MANA) vs Sandbox(SAND): Gameplay
Decentraland is a blockchain-based VR and digital environment game. Unlike other games online, individuals have complete control over the laws that govern the digital world. Token holders can vote directly on in-game and organizational decisions through the DAO. This process has an impact on everything, from the types of things that can be purchased to the DAO’s treasury assets.
In-game collectibles, such as clothes, objects, and the game’s virtual property investment, LAND, are represented by non-fungible tokens. Users save these tokens in their cryptocurrency wallets and trade them on the Decentraland Market to other players.
People can fill their own area with games, events, and art for others to engage with, in addition to trading items and property. You can make money from LAND too. What each player does with their plot is entirely up to them. Your destiny, success, and, ultimately, your path are all determined by you, your efforts, and your creativity.
Players can develop worlds and avatars, create numerous experiences and narratives, and generate digital assets that can be shared with other users in the Sandbox, which has its own virtual world. Everything built can be uploaded to LANDs, which are virtual islands where people can create dynamic levels for other users to pay membership to play.
The 3 integrated tools that power the game are Game Maker, VoxEdit, and Marketplace. VoxEdit is an application that allows users to create 3D objects that are the foundation of all game assets, from characters and avatars to gear and environment. These components are placed on LANDs in Game Maker, and gameplay elements can be implemented. Then, in the format of NFTs, any asset developed can be transferred to the Market to be sold or exchanged. Non-fungible tokens, or NFTs, are one-of-a-kind digital products on the blockchain that may be sold in decentralized marketplaces with creator copyrights and ownership proof.
Decentraland(MANA) vs Sandbox(SAND) Stats
|Stats||Decentraland (MANA)||The Sandbox (SAND)|
|24 Hour Trading Vol||$2,644,847,101||$4,154,131,356|
|Fully Diluted Valuation||$11,256,890,890||$23,026,653,581|
Decentraland(MANA) vs Sandbox(SAND): Price Prediction
The prices of Sandbox (SAND) and Decentraland (MANA) have risen dramatically in the last 24 hours, even though other cryptocurrency values have fallen. MANA is currently trading at $3.23, whereas SAND has increased by 26% to $3.28 in the last 24 hours. So, let’s have a distinction between the two coins and see which one is the better deal.
In recent weeks, the Metaverse is now one of the most talked-about inventions. When Facebook formed Meta, its new holdings limited, the debate became even more heated.
To begin, the metaverse is a business that allows people to construct and live in a virtual world. In this field, one can meet friends, interact, and even conduct business.
The industry has both advantages and disadvantages. People would be able to hold video conferences that feel real, for instance, which is a benefit. One will also be able to go on a virtual tour through space and learn about the universe.
The Internet security will be a drawback of this industry, as will the fact that people will spend lots of time in their virtual reality world. It’s also feared that it will foster antisocial behavior.
Decentraland and Sandbox have quickly become two of the most famous cryptocurrencies in the metaverse. The two companies have a market capitalization of $5.9 billion and $2.3 billion, respectively. They’re both developed on Ethereum’s platform.
The purpose of their platforms is similar. You can purchase a plot of land in Decentraland and construct your virtual home there. Likewise, you can design your own universe with The Sandbox. You can even design new things and sell them to use the native coins for this territory on both networks.
Decentraland Price Prediction
The MANA price has likewise been in a solid positive trend on the four-hour graph. It has even increased by more than 400 percent since October when it was at its lowest point. It has risen above the simple moving along the way.
However, a closer examination reveals that the bullish impetus has gone and the price has now moved sideways. As a result, while a positive breakout is possible, the price is likely to stay in this range for some time. The Sandbox appears to be a better investment than Decentraland in this scenario.
The Sandbox Price Prediction
On the 4 hour chart, the SAND value has lately been in a strong upward trend. Notably, the pricing has taken on the appearance of a cup and handle design. Indeed, the upper half of this cup has been retested at around $3.40. The 25 day and 50 day chart patterns are still above it. As a result, the price is likely to break out higher, with bulls aiming for the important resistance level of $5.
Decentraland(MANA) vs Sandbox(SAND): Better Investment?
Both The Sandbox and Decentraland appear to be promising investment opportunities if you wish to invest in “the metaverse.”
The Adoption Of Decentraland
The Decentraland community is rapidly expanding, having achieved numerous milestones in the last year. Lockdowns throughout the world are causing individuals to spend much more time online, driving the increase.
Decentraland had 10,000 daily members in March of 2021.
Decentraland is becoming the “metaverse of interest” for brands wishing to market themselves, in addition to the regular user growth.
Coca-Cola is now exploring the NFT market, as well as putting their feet into Decenetraland:
Coca-Cola has created many NFT goods that may be purchased and used in Decentraland. You may stock your digital home in Decentraland with cola and other beverages by purchasing a mini-fridge. There was even the fizz of fizzy water and the melody of a bottle popping.
Decentraland has also developed into a meeting location, not just for social gatherings, but also for business gatherings. Consensys (a conglomerate that includes JP Morgan and Santander) has held meetings in Decentraland, for example.
Decentraland has over 10,000 daily members and has attracted institutional attention from companies such as Coca-Cola and Consensys. This is likely to intensify, as the platform’s value grows exponentially with each new player thanks to the network externalities.
The Adoption of The Sandbox
The Sandbox allows gamers to create their own virtual world, pixel by pixel, and turn anything they make into an NFT.
This NFT can then be traded in-game or on services such as OpenSea.
Members of The Sandbox have far greater flexibility and freedom than those of Decentraland.
When comparing the two initiatives and their characteristics, it’s worth noting that Decentraland solely employs the ERC-721 standard, while the latter, in partnership with Enjin, promises to support and implement the ERC-1155 benchmark in the game, such as the ERC-721.
This allows The Sandbox to work with more tokens, resulting in a wider range of NFTs offered in-game.
As previously stated, Decentraland provides LAND, MANA, and WEAR.
Once Enjin allows it, you’ll be able to use, exchange, and monetize far more than 3 distinct NFTs in The Sandbox.
Next, we’ll talk about scalability. Since both projects are constructed on top of the Ethereum platform, their scalability is constrained by the following criteria.
To begin with, there are extremely high costs, as many of us are painfully aware, thus fees are charged in Ether, whose value is now fairly volatile, and there is a lot of uncertainty in these costs.
Unstable tokens are another issue to consider. The Blockchain network is still facing a process of modifications, including switching the consensus process from Proof of Work (PoW) to Proof of Stake (PoS). Ethereum now has 20 operations per second under the PoW algorithm. Nevertheless, when ETH point 2 is released, this blockchain will contain around 20,000 operations per second. Both initiatives don’t have the adequate scaling capacity to adapt to large adoption, which is three orders of magnitude greater.
On the contrary, we can claim that The Sandbox is a technologically advanced and genuine version of Metaverse, taking into account all of the previously discussed factors. That implies it’s far better prepared for the future than Decentraland.