The Sandbox vs. Decentraland — where you should place your bets
Your digital identity will inevitably become part of the metaverse.
The question is, which one is more likely to attract you?
Decentraland and the Sandbox are among the most promising contenders and have a lot to offer for both players and investors. Today, there are 3.2 billion gamers worldwide and spend an average of $100-$200 a year playing games. It is common for these metaverse projects to fight for their share.
Which of these two should you be more interested in?
Let’s compare them and find out.
The Sandbox was founded in 2012 and released as a 2D mobile game (still available in The Sandbox Evolution) in 2017. The company began moving into 3D games built on the Ethereum blockchain in 2018. Since then, the company of Software Acquisition has been several investments in developing this virtual world further.
Decentraland was founded in 2015 as a 2D augmented reality that later evolved into a 3D world, made public last year, and has become one of the largest metaverse ecosystems in the world. Around the same year, the Sandbox also invested in Decentraland; several investors are behind the project.
How do they work?
Both platforms of cryptocurrency have developed a virtual world on the Ethereum blockchain. On the one hand, these realities mimic what people do in the physical world (such as buying land or finding work) and vice versa, extending their power beyond the possibilities of the outside world. The sandbox consists of 166,000 plots, which can be grouped into land plots. You can customize and monetize your land. (Rent or offer games to play to earn) and trade items in the sandbox market. Please be informed that the market currently ranks in the top 10 NFT projects by sales volume.
Decentraland has 90,601 plots of land and can be purchased in the Decentraland Market with original MANA tokens owned by the community) Just like in The Sandbox, you can edit parcels and earn money either by renting games or playing to earn money. Decentraland’s marketplace is outside the top 10 NFT projects by sales volume.
The team behind The Sandbox, Pixowl, has been in the gaming industry for a long time. They have created several games for mobile and PC and working with many teams around the world they are very involved in the project.
Unlike the founders of Decentraland, the two founders stepped down from key positions and served only as consultants. Even one of its co-founders had a separate approach and wasn’t ready to launch his own big secret game. The team behind Decentraland is Decentraland. Foundation and they were recently commissioned to create a roadmap; it seems that Decentraland is more of a training project for the core team because they lack the further development of the metaverse.
Who supports them?
The Sandbox has partnered with Skybound Entertainment. They are also backed by SoftBank, one of the largest investment firms in the world, with a capital of around $93 million recently.
Decentraland is supported by more than 20 investors such as Digital Currency Group, CoinFund, and has partnered with Samsung, Polygon, and even the government Grayscale has also built the trust of Decentraland with over 20 million MANA tokens locked list
Where are they going?
Sandbox’s Metaverse is in beta mode, and the alpha release is scheduled for November 29 after four years of development. It should have happened earlier. But the deadline was further postponed. Maybe it’s due to integration with polygons (Under development). They plan to bring the virtual world to mobile origins before the end of 2022, and they are thinking of launching it on consoles like Xbox and PlayStations. They want 5,000 games by the end of 2023, some of which are funded by the Sandbox Foundation.
Like Decentraland’s casino jobs, The Sandbox wants to create in-game events where people can work as they would in the outside world. Good central and No specific plans, At least not now. It is more community-driven, but the Decentraland Foundation grant has recently been approved, and we look forward to a release soon.
Decentraland has expanded its NFT space with an in-game art gallery where people can buy and sell art and even talk to artists directly via voice chat. The largest auction in the world, many profitable sales occur within these virtual galleries, such as the sale of 914 Wonder Woman NFTs from former DC Comics artist Jose Delbo for $1.85 million. They also want to bring creators, brands, and celebrities to the area and allow them to do NFT drops and ads. By early 2022 this should be working.
It’s also exciting to point out that there is a proposal to make Decentraland interoperable with at least four other metaverse worlds. However, there is no definite date to begin this integration. But when it’s done, it will be a game-changer for the entire metaverse ecosystem.
Are they environmentally friendly?
Sandbox is becoming more eco-friendly day by day. It aims to reduce its carbon footprint by 99% by purchasing carbon credits, planting trees and integrating with polygons (More energy-saving with the system proof-of-stake).
Decentraland has also partnered with Polygon to reduce the high gas fees from using the Ethereum blockchain. Now you have virtually no fuel costs when using MANA in Decentraland.
Sandbox has one of the most traded NFT markets in the area. Buying in SAND tokens makes them more valuable. It also has a mid-market cap of about $2.5 billion which makes it easier to climb the rankings. They will release 300 million SAND in December, which could lower the price.
They don’t burn the tokens and instead put them back into the ecosystem to give to their creators and pool bets.