Without a doubt, the COVID-19 epidemic exposed the world to its virtual side.
If that wasn’t enough, Facebook’s name change to Meta in 2021 drew attention and made the term ‘Metaverse’ a contentious matter.
Amid these arguments and discussions, members of the cryptocurrency and blockchain industries began working to make it a reality.
Fast forward to today, and we have Decentraland and Sandbox, the two most widely discussed Metaverse initiatives.
But what are these, exactly? Is there a difference between them? How do you put money into them?
If you have any of these concerns, read on to learn more about the features and distinctions of these two main Metaverse initiatives.
The rest is up to you!
The Sandbox
The Sandbox was converted from a 2D platform to a 3D platform based on the Ethereum blockchain in 2017.
The Sandbox metaverse has seen many investments and advancements since then.
You may create, play, own, and monetize all of your virtual experiences in our virtual environment.
The Sandbox intends to provide artists, gamers, and innovators in the blockchain community the tools they need to create the platform they’ve always wanted.
The Sandbox also provides the means for the game world to evolve so that everyone’s creativity is unleashed.
According to CryptoSlam, the $SAND NFT marketplace is among the top 5 NFT ventures by sales volume.
It has a SAND token traded on many major markets.
Decentraland
Decentraland is a 3D immersive Ethereum blockchain-based metaverse project that allows people to own land, play games, attend concerts, visit galleries, and more.
It has been the longest-running 3D metaverse project since its debut in February 2020.
Decentraland has been expanding and thriving in the metaverse world after several investments.
Decentraland, unlike other comparable platforms, is not a game that can be played on numerous devices.
Users with prior expertise generating graphic material are confined to the apps built within its realm.
Decentraland’s MANA coin is traded on several major exchanges.
Decentraland vs. The Sandbox
You may have a general notion of the two metaverse ecosystems developed on the Ethereum blockchain.
Even though MANA and SAND are both ERC-20 tokens, their ecosystems provide quite distinct experiences with many commonalities.
The NFT collection of both of these platforms is available on OpenSea, where you may bid on a specific coordinate on one of the metaverses and become the owner of it.
You might wish to bid on ‘Parcels’ if you want to own a piece of land on the Decentraland ecosystem.
Place your offer for ‘LANDS’ if you want the same thing on The Sandbox ecosystem.
The Sandbox is made up of 166,000 LANDS organized into districts (which are held by two or more persons) and estates (which are owned by one or more people) (owned by one person).
You can personalize and monetize your land by including play-to-earn games or renting it out.
Additionally, the Sandbox ecology allows you to exchange goods.
Decentraland has 90,601 PARCELS that you may buy with MANA on their marketplace.
Like The Sandbox ecosystem, they are usually associated with estates and districts.
What’s the Difference?
The critical distinction is that Decentraland may be viewed via a web browser without an account, whereas The Sandbox requires an account.
The Sandbox’s development team has been in the business for nearly a decade and is actively participating in the process.
Decentraland’s founders, on the other hand, have stood away from the project and now serve as consultants.
Snoop Dogg, Skybound Entertainment, Big Fan, and Ubisoft, among others, have cooperated with The Sandbox on various projects.
SoftBank has also backed The Sandbox ecosystem with a USD 93 million investment.
More than 20 investors have funded Decentraland, including Samsung, Polygon, and the South Korean government.
Greyscale also just established a 20 million MANA token trust.
The Road Maps
Decentraland does not have a clear road plan because the founders have stepped down.
As it has grown increasingly community-driven, a Decentraland Foundation delegate may be able to provide some insight.
However, it has been developing its NFT marketplace with in-game art galleries where anybody may purchase or sell art and connect with the artist via voice chats.
This NFT marketplace has seen a lot of fascinating auctions, including 914 Wonder Woman NFTs.
A proposal to make Decentraland compatible with at least four metaverses is in the works, potentially altering the Metaverse world.
The Sandbox has a plan in place for the coming months and years.
The NFT Institute, Dungeon of Dum Yz, and Club XYZ are among the three experiences available during the Alpha Hub launch, which runs through December 20.
During this time, 5000 Alpha passes will be distributed, with 1000 going to LAND owners and 4000 going to daily activity winners.
Aside from that, Sandbox’s team is considering launching the gaming environment on consoles such as the Xbox and PlayStation.
Let’s Talk About Prices!
How can we know where their prices are headed, given that we know enough about both ecosystems and how they aim to move forward?
At the time of writing, the SAND coin was trading for $5.27 on CoinMarketCap.
The price of SAND is expected to climb roughly $8.33 in a year, according to WalletInvestor, and $21.17 in five years.
At the time of writing, the MANA token was trading at $3.29 on CoinMarketCap.
The price of MANA is expected to reach roughly $5.37 in one year, according to WalletInvestor, and $12.91 in five years.
Final Thoughts!
People are flocking to Metaverse because of the social media buzz, which is driving up pricing.
However, before investing, you must carefully examine the projects and determine whether they are interesting to you.
You may stay involved in Decentraland because it was the first 3D Metaverse ever built if you want to continue with the original and steady.
The Sandbox is your best chance for exploring emerging metaverses.
It has also climbed into the top ten NFT markets regarding 24-hour trade volume.
Examine both project perspectives and make your decision. Don’t let fashion dictate your choices.
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