Picking the winner - Sandbox vs Decentraland
G
aming is big, really big globally; in fact, it has mind blowing number with an estimated 3.2 billion gamers around the world and according to research each of these gamers spends an average $150 per year on their gaming.
With this extraordinary number of gamers, with these levels of spending, there is no surprise that these metaverse projects are now fighting to get a ticket to this party.
In this guide:
Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.
Sandbox
The Sandbox (SAND) was founded in 2012 and launched as a 2D mobile game (still available as The Sandbox Evolution). In 2017 it started migrating into a 3D game built on the Ethereum blockchain. In 2018, it was acquired by Animoca Brands, a Hong Kong-based software company, and has had multiple investments since to further develop this virtual world.
The Blockchain token is called SAND. Sandbox is a virtual Metaverse, from here players own, build and monetise their gaming experience through the Ethereum blockchain. With this new gaming experience, the players create their digital assets which are in the form of Non-Fungible Tokens (NFTs).
These player/creators upload these NFT’s to the marketplace and them integrate in the games with game maker. Within sandbox metaverse Land is a digital piece of real estate. Once a player owns Land, they can then populate it with games and other assets. A player with multiple Lands can then be combined to form an Estate, the more Lands, the larger the Estate, however, the total lands available will be limited to 166,464.
By keeping 95% of the SAND revenue a user can monetise their time on the platform. Also, a user can create and sell assets on the marketplace as NFTs, also if a player owns Land they can rent this Land or populate with content.
Individuals that hold the Sandbox asset can earn the following rates of return:
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| Bitrue | Flexible | 20.0% | |
| Binance | Fixed (7 days) | 10.0% | |
| CoinDCX | Fixed (7 days) | 5.00% | |
| AAX | Fixed (30 days) | 4.00% | |
| AAX | Fixed (14 days) | 3.50% |
Decentraland
Decentraland (MANA) was founded in 2015 as a 2D reality that was named Stone Age and later evolved into a 3D world. Decentraland is a fully decentralised 3D world where people can own and develop their own virtual land, or you can wonder around and interact with whatever users have created, further to this you can interact with other people that are also exploring Decentraland.
What is really cool is the landscape can include anything from static 3D scenery, through to buildings, objects, art games and events designed to attract many thousands of users. Decentraland is divided into fragments, which are called parcels. In a similar way to Sandbox if you own parcels of land next to each other you can combined them into an Estate. Some areas of Decentraland are allocated to a specific theme, which create a district, at the centre of the may is the most noted district, Genesis Plaza. Genesis Plaza is where you can go to find out the history and how to navigate Decentraland. The parcels of land are called LAND tokens, which is an NFT token on the Ethereum blockchain.
The LAND tokens are collectable and scares, each LAND token is unique and cannot be replicated or exchanged with another. This token holds the land coordinates in Decentraland, this is the X and Y location. The land values changes depending on it location on the map, if it’s near a popular District, then the value rises, location, Location, just like normal real estate. Within your parcel of land you can create some amazing scenery, parks, lakes, houses, the list goes on. Further to this you can invite friends over for a drink, which is called “Mia casa”.
Decentraland is so immersive, you can walk around, or simply jump to your chosen location, you can visit clubs, museums, casinos, parks, view digital art, go of amusement rides, there’s so much to see and interact with.
Individuals that hold the Decentraland asset can earn the following rates of return:
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| Bitrue | Flexible | 5.00% | |
| AAX | Fixed (30 days) | 4.00% | |
| AAX | Fixed (14 days) | 3.50% | |
| Vauld | Fixed (30 days) | 3.04% | |
| AAX | Fixed (7 days) | 3.00% |
Finances
The Sandbox is partnered with Skybound Entertainment and have been supported by Softbank which is one of the largest investment companies in the World. The Sandbox has a total supply of $2.7 billion, with around 900 million in circulation.
Decentraland is backed by multiple investors, these include the Digital Currency Group, CoinFund, Animoca Brands, and has partnered with Samsung, Polygon, and even the South Korean Government. Further to these investors, Decentraland trust has over 20 million MANA tokens locked in it with a larger market cap of $6.8 billion.
Summary
Both projects are amazing and are clearly taking a bite at the gaming cherry, further to this both projects are at an all-time high since social media giant Facebook rebranded announcement. In the short term both projects will apricate especial with all the hype around the Metaverse, and I am sure that both long term future I equally as bright.
