Since the COVID pandemic, the need to both work and play inside your house has been relevant. One of the possible solutions to this request has become the metaverse.
The metaverse is a digital world where you can go shopping, conduct business meetings, and play games. That’s why such tech giants like Google, Meta, Apple, and Microsoft are spending billions every year trying to develop their own metaverse technology. All of them want to fill this niche as early as possible.
However, as of today, they are far behind the heroes of our article. So let’s compare them head to head. Meet Decentraland vs Sandbox!
All About Decentraland
Decentraland is an open-world metaverse powered by the Ethereum blockchain. Users can buy, build, use, and monetize virtual land and items.
Decentraland users take part in the development of the metaverse and the resolution of certain issues by voting (MANA token holders can participate in it).
Like in other MMOs (World of Warcraft, for instance), in Decentraland players interact with the virtual world through an avatar character. The character can freely move around the world of Decentraland, communicate with other users, and perform other actions — for example, buy paintings, play in a casino, and attend lectures right inside the game.
The biggest advantage here is decentralization. There are no taxes in this world. You can sell land, rent it, and even get a mortgage without any authority.
Buying Land in Decentraland
The cornerstone of the Decentraland metaverse is the ability to purchase virtual land in the format of LAND NFT tokens (ERC-721) and then develop it as a virtual business or simply use it for communication and entertainment.
Various objects and buildings can be built on Decentraland lots. The land can then be monetized or sold. In addition to individual LAND parcels, there are also ERC-721 ESTATE tokens, which are separate clusters of LAND.
Sandbox: What Do We Know?
The Sandbox is a decentralized gaming ecosystem where users create digital assets in the form of NFTs and develop their own game worlds based on them. The result is not a separate game, but a whole game metaverse where you can move from one world to another.
The Sandbox is a decentralized analog of Minecraft and Roblox on the Ethereum blockchain. All in-game items exist as NFTs, which means they belong to the players, not the developers. Even if the user stops playing, the in-game item will remain their property.
Various elements are available to players — from simple ones like water, soil, or sand to complex ones like animals, people, or equipment.
So, for example, in The Sandbox, you can create mud from water and earth, build a shelter from trees, create a horse and become a rider.
Buying Land in Sandbox
Each piece of digital land, LAND, is an ERC-721 NFT token on the Ethereum blockchain.
In total, 166,464 pieces of digital land are available in The Sandbox. Players can merge their lands and even create entire districts.
You can arrange the infrastructure around your land with the help of the following tools:
- VoxEdit. It is used to create NFT assets from scratch;
- Marketplace. In case you want to buy or sell already existing items;
- Game Maker. Allows you to create your own 3D games of different genres with unique rules and game dynamics (all codeless).
As you see, it is users who create the ecosystem inside this metaverse.
Which Metaverse Is Right for You?
At the time of writing, the capitalization of Decentraland is $1,188,768,961, while The Sandbox is estimated at $1,184,877,622. Both projects are equally popular, and their tokens are of high popularity among traders willing to earn on the price growth.
These games, according to many analysts, are quite promising. First of all, this is a new approach to virtual reality, which is already of interest to many users. Again, do not forget about the solid income of developers related to the gaming industry. With a competent approach, both companies have every chance of creating a profitable unique project. If you’re unsure about this new technolgy, you can always stick to the tried-and-true method of earning money on converting BNB to ETH or BTC to TRX.