Since Facebook declared that it will concentrate on establishing the metaverse and change its name to Meta Platform Inc, the term “metaverse” has gained traction. There are a lot of projects in the crypto realm that focus on building the metaverse, one of which is The Sandbox (SAND). In this article, we compare Sandbox(SAND) vs Enjin Coin(ENJ) on Tokens, Gameplay, Market Cap, and Price.
Since Mark Zuckerberg changed his firm to Meta, the value of the cryptocurrency SAND has soared in tandem with the metaverse’s rapid growth in popularity. Before that, it’s a good idea to become familiar with a significant crypto-games metaverse project.
Sandbox(SAND) vs Enjin Coin(ENJ) Overview
The Sandbox (SAND)
The Sandbox is a simulated arena built on distributed ledger technology that enables people to create, build, purchase, and exchange digital assets via the perspective of a game. It was founded by Pixowl in 2011.
The Sandbox network’s main goal is to successfully integrate blockchains into popular titles. The platform intends to enable a unique “play-to-earn” strategy that allows users to simultaneously be entrepreneurs and players. The Sandbox has implemented blockchain technology by creating the SAND asset token, which can be used to purchase anything on the site.
The Sandbox is a one-of-a-kind network in the game industry because it is the first to leverage blockchain technology. The gaming industry, as Pixowl pointed out in 2011, is a significant untapped asset for blockchain development. By enabling players to create and gather blockchain-based goods in a virtual world, the Sandbox hopes to flood the market. It managed to carve out a niche for itself in the worldwide gaming industry.
Sandbox is a user-generated and community-driven system that allows users to construct and contribute to the metaverse, as well as commercialize game activities and digital items on the blockchain.
Unlike other prominent play-to-earn video games, The Sandbox does not have a predetermined gaming virtual world. Alternatively, it takes a flexible approach, allowing users to personalize anything using free and simple design tools.
Its blockchain-based online virtual world allows users to create, develop, design, buy, and trade digital resources within its ecosystem, and it accomplishes this by combining NFTs and DAO to generate a decentralized system for a lively gaming world.
The video game industry is a vast untapped sector when it comes to blockchain adoption, and The Sandbox provides players with a universe in which they may develop, collect, and build blockchain-powered resources, carving out a niche for itself in the worldwide video games industry by striving to revolutionize it.
Users can mint, keep, and sell virtual products using the Enjin platform. To begin, programmers must attach worth to their virtual commodities by creating a smart contract with ENJ tokens, the metaverse currency. Users can then trade, sell, or utilize virtual items following the contract’s stipulations. The vendor receives ENJ when the item sells.
ENJ has a finite supply, much like other metaverse coins. There will only be one billion made and distributed. ENJ may be stored in the platform’s account, which connects all functionalities. Users may use the wallet to log in to games, access and utilize stuff, exchange items, and metaverse currency, and sell digital products for ENJ.
Enjin also provides a unique open market experience, allowing users and businesses to grow their markets by employing NFTs and QR codes, as well as engage with other users via websites, apps, and games. Ethereum powers the network, which provides a decentralized experience. However, because the wallet isn’t open-source, vetting it can be challenging. ENJ is also unbacked by any commodity, income, or assets.
Sandbox(SAND) vs Enjin Coin(ENJ) Gameplay
The Sandbox generates a metaverse of interested parties who participate in the system’s ongoing improvement by emphasizing user-generated material. The Sandbox also promotes decentralized governance by introducing a new SAND currency, which allows users to share their ideas and viewpoints to the project’s development. Decentralized administration is becoming a requirement in blockchain-based enterprises due to technological advancements.
The startup got off to a fast start, attracting the interest and finance of a slew of industry heavyweights. Some of them include Helix, Atari, and CryptoKitties.
Enjin’s main application is allowing people to control and save virtual things in video games. These can range from in-game currencies to tokens that represent distinctive game elements like swords or player accouterments.
The Enjin team has created many SDKs, including wallets and payment system modules, to enable these functionalities. (These SDKs simplify the cost and complexity of producing virtual goods by offering common features.)
In addition to their SDKs, Enjin has created application software to help with the implementation of these items in games.
Sandbox(SAND) vs Enjin Coin(ENJ) Token
SAND, the Sandbox’s main utility coin, serves as the basis for all transactions. The Ethereum ERC-20 coin can be used to enter the game site, buy and sell ASSETs, engage in governance, make passive revenue through anchoring and instability mining, and much more! A LAND is an ERC-1155-based virtual piece of property that users can buy in The Sandbox metaverse to utilize with ERC-721-based crypto assets and The Sandbox Game Maker to build interactive experiences.
The Sandbox’s native coin, SAND, serves as the foundation for all types of transactions and payments in the videogame. It can be gained in The Sandbox by playing video games and engaging in competitions, or it can be acquired on cryptocurrency exchanges.
SAND holders can propose and vote on major enhancements to The Sandbox platform using a DAO (Decentralized Autonomous Organization) structure. Holders can also wager SAND in the game for a chance to win prizes, including a portion of the income generated by all SAND operations.
SAND tokens have a total quantity of 3 billion, with roughly 910 million currently in circulation. It is currently ranked among the top 35 altcoins on the planet, with a price of around $7.5 per token and a market capitalization of more than $6 billion.
Enjin Coin (ENJ) is a coin that signifies value on the Enjin network, with a price allotted to each item on the network in ENJ. ENJ has a circulation supply of roughly 835 million from a total of 1 billion tokens. It has just climbed into the top 75 cryptocurrency market capitalization ratings. The rise of meta-themed tokens is expected to continue, with ENJ expected to enter the top 50.
Since Facebook’s corporate rebranding to Meta a few days ago, ENJ has experienced a considerable increase in value. After a 200 percent spike to $3.5 in less than a month, ENJ has seen a minor pullback to the market around the $2.5 level. It is now trading far above the 20-day cumulative average of $1.92, which provides good support if the price drops. It should also be in conjunction with its Fibonacci retracements, which are currently at $1.97-$2.
ENJ, on the other hand, will find resistance between $2.6 and $2.95, which it must turn to favor to keep its rise going. Enjin already has a large number of users. Its success is contingent on the general public’s adoption of NFTs and the virtual world.
Sandbox(SAND) vs Enjin Coin(ENJ) Price and Market Cap
The Sandbox (SAND)
Market Cap: ₿114,206
24 Hour Trading Vol: ₿27,721
Fully Diluted Valuation: ₿372,615
Total Value Locked (TVL): ₿0.00
Fully Diluted Valuation / TVL Ratio Infinity
Market Cap / TVL Ratio Infinity
Circulating Supply: 919,498,319
Total Supply: 3,000,000,000
Max Supply: 3,000,000,000
Enjin Coin (ENJ)
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 Cryptos
Decentraland is a VR platform where you can purchase, sell, and manage virtual properties (called LAND). You may customize and expand your universe any way you choose, and you can tour this version of the virtual world from the comfort of your smartphone, computer, or virtual reality (VR) gear. You’ll require Decentraland MANA to begin. MANA is the indigenous cryptocurrency that allows you to use dynamic apps, pay for products and services, and buy additional real estate.
MANA is well-known metaverse crypto that is widely available, making it appealing even to the most inexperienced user. The Decentraland metaverse also offers users fascinating interaction activities such as festivals and concerts, as well as dynamic entertainment places that rival those found in the physical world.
Decentraland is expanding and has a thriving development staff, giving you a wide range of alternatives and possibilities. MANA also saw a 400% increase and reached a new high of $4.16 after Facebook announced its name change to meta, which sparked renewed interest in digital property tokens.
Star Atlas (ATLAS)
Star Atlas provides you the ability to expand your experience beyond the realm of the physical. The sky is the limit here, and you have the freedom to explore an entire world of possibilities. You may use your starship to explore a distinct metaverse, join or start a faction, and build your unique planet.
ATLAS is the metaverse coin that powers this one-of-a-kind universe. It’s the ticket to exciting new horizons and possibilities, and it’s powered by the Solana metaverse network.. The Solana virtual world blockchain is similar to Ethereum in that it is quick, safe, and secure, but it is more extensible and less costly.
Axie Infinity (AXS)
Upwards of a third of a million people play Axie Infinity every day. The participants possess AXS tokens, which offer them a share in the game’s ownership and functioning. Players may create kingdoms, seek rare materials, and build treasure chests. Through the virtual world blockchain, the most engaged participants are rewarded.
Axies are non-fungible tokens (NFTs) that may be purchased and sold outside of the game, and users compete to gain them. Based on the rarity, axes can cost anywhere from $150 to over $100,000. The most costly Axie, however, was traded for 300 ETH, and Axie Infinity set the record for the highest $1 billion in trading in August. It runs on a variety of platforms, including iOS, Android, Windows, and Mac.
Because AXS, like several other metaverse currencies, is built on the Ethereum metaverse network, gas costs can be rather expensive. You may, however, have faith in the platform’s security and safety. AXS may be exchanged for other cryptocurrencies like Ether or fiat cash.
Players may earn AXS through completing objectives and other actions on the site, but there is a limit to how much AXS they can acquire every day. Nevertheless, several of these activities need a significant time commitment, making full participation difficult for people with jobs or other obligations. Moreover, while playing the game might earn you AXS, the program itself is not free. Many players may find the initial prices onerous because they must possess at least 3 Axies to participate.
Alien Worlds (TLM)
Alien Worlds is a DeFiDecentralized Finance (DeFi) technology that brings the decentralized notion of blockchain to the financial world. Build a virtual world and a blockchain-based videogame in which participants battle for scarce resources within the network. The videogame Alien World features decentralized components, and players may take things a step further by staking Trillium (TLM) and acquiring voting privileges in the Planet.
DAO is an open-source digital ledger that is governed by a set of rules. Anyone interested in participating must have a WAX Cloud Account. They may start mining after logging in to Alien Worlds, which is rewarded with TLM coins.
You’ll be prompted to create a crypto wallet before you can even establish an account on metaverse sites like Sandbox or Enjin. This wallet will house all of your digital money. MetaMask is a prominent wallet that can be set up using either a mobile application or a Google Chrome browser plugin. You may use your debit or credit card to convert U.S. dollars (or whatever fiat money you’re employing) to bitcoin in your wallet. Conversion will be facilitated via crypto exchanges like Wyre or Transak, but be aware that they will normally charge extra.