Key Takeaways:
- Sandbox SAND is a Metaverse play-to-earn blockchain-based game. That allows users to buy various plots of land within the game.
- Decentraland platform allows users to buy virtual land and develop their virtual world to interact with other users.
- The community is the owner of the land in Decentraland MANA and Sandbox SAND forever.
Ask any Metaverse expert to name the best-of-the-best Metaverse cryptocurrencies on the market today.
The chances are that their answer would be either Decentraland MANA or Sandbox SAND, two platforms that have seen extraordinary growth following Facebook’s name change.
But what exactly makes these particular projects better than their significant counterparts?
Yes, both projects are performing well on paper, but they are not doing anything significantly different from what all other titles of a similar kind offer, are they?
In that case, how can you tell them apart?
Well, we are here to simplify these things a little bit for your better understanding. We’ll let you know all what makes these Metaverse projects so tremendous. And why experts in ICOs think that Decentraland is one of the most promising coin offerings right now.
Even though the two platforms are different in some ways, it’s important to keep an eye on them. Especially in the coming days. Sandbox SAND and Decentraland MANA works similarly. As both of them give participants tokens for making games. That they can upload to their own platforms.
Decentraland is an open-source platform using Ethereum blockchain technology for building decentralized applications. The project uses its cryptocurrency $MANA for trading on the platform. Whereas Sandbox SAND is a similar platform with its own cryptocurrency $SAND.
Many people maximize their earning potential with the help of these Metaverse cryptocurrencies. If you want to join their ecosystem, this detailed comparison of Decentraland and Sandbox SAND. May help you figure out which platform is better for you.
What is Sandbox SAND?
Sandbox is a Metaverse play-to-earn blockchain-based game. That allows users to buy various plots of land within the game.
The Sandbox game offers the users much more than just purchasing products. But also provides them with a virtual plot of land. In which they can build various products or buildings for more in-game kickbacks.
Users in the Sandbox metaverse can play games and complete challenging tasks. It can lead to great rewards. Such as monetary earnings from exclusive product unlocks, badges, and rewards. That you canusee to buy items on the marketplace, win free land plot auctions, etc.
To help you grow strong, the company has issued SAND tokens on the Sandbox platform. You need these cryptocurrency tokens to buy in-game items. To develop buildings, structures, technology, etc.
What is Decentraland MANA?
Decentraland is a 3D blockchain that Ethereum powers. The platform allows users to buy virtual land and develop their virtual world to interact with other users.
In short, the app will let users live in virtual reality without any limits and invest in their future success. The company distributes its native cryptocurrency tokens called $MANA. Which can be used to buy land and in-game items.
The buyer can exchange the “strategic simulator app” currency (that uses blockchain technology) with the $MANA. With 100 of these tokens roughly equal to 1 strategic simulator app token.
Wallets for MANA and SAND
Recently, both $MANA and $SAND have been trending upwards. For instance, $MANA has rallied 400% over the past month alone, while $SAND has risen in value by more than 300%.
This will keep happening for a long time. Especially since both of these tokens are currently on a roll. Thanks to recent announcements about partnerships, development updates, and major platform launches.
Decentraland’s $MANA is an ERC20 based on Ethereum.
However, Decentraland made the Polygon platform so that it fully supports $MANA. And users can use it to buy and sell things. $SAND, on the other hand, is also an ERC20 token, which uses the Ethereum blockchain.
Thus, we compare its value to other cryptocurrencies like Decentraland.
There is also a “My Ether Wallet” available for the $SAND token. Metamask and Trustwallet are also trusted digital wallets. Which you can use to keep the tokens in your possession or purchase them if they’re not in your possession yet!
Scalability
Let’s discuss scalability issues now. When building projects on top of the Ethereum blockchain. There are a few things to think about when it comes to capacity.
Many factors limit these smaller projects’ scalability capacity. From fees paid in Ether, an unstable currency (we all know how volatile ETH can be). And its transaction speed which currently maxes out at 20 transactions per second.
Ethereum is a blockchain that still has many changes in store. Before the developers can test their scalability and see how much weight they can handle.
When Ethereum first started, it was operating under the Proof of Work (PoW) consensus mechanism. This method allows Ethereum to handle 20 transactions per second approximately.
But once the Ethereum 2.0 project arrives, this number could go up to 20,000 transactions per second!
That is three orders of magnitude better than what Ethereum is currently capable of. Allowing for greater adoption by businesses and consumers alike.
Governance
When it comes to governance, Decentraland’s platform has two tokens. LAND, which are non-transferable pieces of the platform’s virtual land. And the second one are $MANA ERC20 tokens.
$MANA tokens function as “gas” in the network. The more you burn $MANA tokens to perform transactions or execute smart contracts. The more new $MANA tokens are created. While at the same time decreasing the supply of $MANA tokens.
It means that every time a user makes a transaction on Decentraland. Their parcel ownership will have more value as it increases its scarcity.
Decentraland has a decentralized autonomous organization. This way, anyone can become a community member and have equity in the project. Through blockchain technology, you can invest without being a qualified investor. Or asking venture capitalists for money.
Aragon powers the governance voting system in Decentraland. But, in Sandbox SAND, users need Sand to engage and take part in some of the platform’s governance decisions.
Some examples include distributing funds to content creators. And what features game creators focus on within their projects on the network’s roadmap. It will also allow users to delegate votes to other trusted users.
The Team
We have to discuss the team behind every project. The first one we are looking at is Decentraland. The Security Advisory Board (SAB) is in charge of making sure that smart contracts in Decentraland are safe.
This team looks after the DAO committee’s work. They respond to vulnerability and bug reports in any of Decentraland’s contracts. Also, the Decentraland development team has chosen five experts in Solidity to be on the SAB.
Decentraland has a diverse team of Blockchain Engineers, Computer Scientists, and Venture Capitalists. Who have a wide range of experiences in their respective industries.
Still, they are all united by having the strength of character. To solve problems as a formidable force for good.
On the other hand, Sandbox’s team consists of five members. Including a CTO who used to work on the Ethereum network. And many developers specializing in blockchain technology (among other things).
Here, we can see that three of the people on the Decentraland team are also blockchain developers. Though it doesn’t say anything about working with blockchain games or knowing anything about them.
It leads us to believe that Sandbox SAND is more prepared to present something innovative in the future.
Purchasing Lands
The community is the owner of the land in Decentraland MANA and Sandbox SAND forever. Depending on their actions, landowners have authority over what material is published on their parcels of land, denoted by a series of cartesian coordinates.
As a result, the land comprises non-fungible, transferable, and rare tokens kept in an Ethereum smart contract. It is obtained by using $MANA.
To buy land in Decentraland, users connect their wallets to the platform and then visit the marketplace, where they can browse through the available parcels and estates.
To buy lands in the Sandbox SAND, you can either purchase land on the Sandbox marketplace or OpenSea. In the Sandbox SAND, you only have to connect your wallet and purchase land, and then you can confirm the transaction by paying.
Once that’s done, you can make sure on the P2P NFT trader that people can swap their NFT-based properties smoothly, safely, and quickly in a direct way between traders.
The easiest way to buy Sandbox land is to look through the marketplace for plots close to other partnered companies on the map!
Recent Developments
In the past few days, we have been forming an alliance with Sotheby’s. And showcasing new ways that people can enjoy virtual reality through Decentraland.
One of these developments is their launch of Sandbox Island. Where users can create videos and 3D experiences for themselves and others to explore.
The second part of the Metaverse Platform, which is a unique ecosystem. Combines crypto and traditional assets in a steady stream. While solidifying itself as one of the top blockchain companies worldwide.
The Sandbox SAND has also released game passes — allowing users to access early release versions of the core Sandbox platform. Along with new drops, beta access to new games, and more. Check out the listing on OmniMint here.
Partnerships
Over time, Decentraland has grown. They have built partnerships with companies such as Cyberpunk, Polygon aka MATIC, and Atari, to name a few.
On the other hand, we have Sandbox SAND partnered with OpenSea. Sandbox SAND has also partnered with Atari and Socios. As we mentioned above, Sandbox SAND is exciting because it’s affiliated with Chiliz’c CHZ platform.
Some other alums are worth mentioning — Binance, Mr Snoop Dogg, Ultra, and Coinmarketcap, among them!
Platform Access
Decentraland’s visitor mode means that anyone can start playing in their land without connecting to a wallet first. It helps allow friends and colleagues to have some fun exploring your world.
But those in visitor mode are not allowed to claim land or time the land. So it is not advisable for businesses setting up shop within your realm. Otherwise, you’ll end up with many competing products from different companies in the same virtual space.
It does not make much sense, no matter how immersive and exciting the experience ends up being.
In Sandbox SAND, you need to register with either an email, social media account, or Gmail. Sandbox gives users more access control than having only one choice.
Token Analysis
Decentraland is unique in the crypto market. It is the first virtual reality platform owned by its users. Where a single corporation does not curate content.
It has many use-cases and features. Such as the ability to make in-game purchases, claim land ownership, and pay Decentraland development infrastructure costs with it.
It can also be used to buy parcels and is burned to claim parcels of land in-world using Ethereum’s smart contracts. Decentraland has another token they call LAND. It is an ERC72 token, “Ethereum Request for Comments.”
It is a non-fungible token, and the currency will be used to buy land in the Metaverse. While that may be the case, we have Sandbox SAND, which also has unique use-cases.
For example, its token known as SAND is traded as a platform utility token. But at the same time provides developers with actual ownership of their creations. Since NFTs are etched into their smart contracts.
It also gives users the chance to get rewarded for selling the products they make on our platform. Moreover, SAND will allow creators to upload, publish and sell objects represented using ERC721 and ERC1155 standards.
Final Verdict
Considering all these factors that we’ve discussed here. We can conclude that the Sandbox SAND stands at the forefront of all other projects in this space.
While Decentraland and $MANA are great platforms for various reasons. We look forward to seeing Sandbox as the global leader in immersive gaming.
The platform of Sandbox SAND is more user-friendly in terms of ease of access, depth, and usability. When it comes to their respective cryptocurrency tokens. Sandbox SAND is far more developed than Decentraland.
For instance, Sandbox SAND has its native token SAND and features many class fungible tokens and MCFT. The developers in Sandbox enjoy the true ownership of their creations as NFTs.
Sandbox’s ASSETS tokens, which are a mix of a cryptocurrency and an NFT, are more suited for the Metaverse.
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