Decentraland vs Sandbox
Decentraland and sandbox are among the top metaverses in the digital world. Based on the latest blockchain technology, both are developed on related themes. They enable you to own land or property in the virtual world through the form of gaming apps. You can use an avatar to create the games or the apps. You can either create your plot of land or buy it from others via an investment leveraging cryptocurrencies or digital assets.
In this article, we will focus on Decentraland vs Sandbox, a comparative analysis of the two popular decentralized metaverses.
What is the Metaverse?
Coming to what is the metaverse, the answer of which is – Metaverse is a virtual online 3D shared space. Focused on social connection, the metaverse is essentially a virtual iteration of the internet where virtual reality and augmented reality work in congruence.
The term was first used in Snow Crash, a science fiction novel, published in 1992. The development of the metaverse is majorly focused on introducing advancements in the virtual reality world, which we can further deep dive into the topic of Decentraland vs Sandbox.
Also read: 9 Best Metaverse platforms everyone should know about
How does Decentraland work?
Now let us try to understand first how does Decentraland work in our first topic of analysis Decentraland vs Sandbox. Launched in 2017, the future of Decentraland is quite vast. It was created to introduce a virtual world to the users where they can create their lands or explore the lands of other users. Besides, you can even attend events virtually.
If you want to know how many users on Decentraland, the answer is on average 600 users are active on the platform. And next to understand, what blockchain is Decentraland on, it is Ethereum blockchain.
Let us explore the details of the Decentraland metaverse.
What is Mana?
Now coming to what is Mana, it is the cryptocurrency token for Decentraland. Mana Metaverse token is essentially used to purchase land and also to pay the goods and services in the virtual world. Initially, each plot of land was sold for a value of 1000 Mana. It is an ERC20 token and is widely used in Decentraland to determine the profit and loss in virtual transactions. Mana is the method to incentivize the users to use and interact in Decentraland.
Where can I buy mana coin?
Now that you understand Mana, the next probable question is Where can I buy Mana coin?
The best way to purchase Mana is through an exchange that can be trusted and is reliable and renowned in the space. You must also ensure that the exchange is secure as it involves virtual monetary exchange. It is crucial not to lose the private key to your currency as it may lead to difficulties in fund recovery.
Best wallet for Decentraland
While you play Decentraland, it is essential to find out the best wallet for Decentraland. Here are some recommendations on the preferred wallets for Decentraland:
- Ledger or Trezor hardware wallets are extremely secure and highly encrypted, preventing network attacks
- Trust wallet, popular among investors and traders
- Atomic wallet, supporting multiple currencies and available in iOS, Android, and several desktop versions
- MyEtherWallet, a web-based option for traders and investors and is safe and secure
Also read: 10 Best web3 wallet | Price, Safety, Features
Decentraland land prices
A common question is, How much is land on Decentraland?
Decentraland land prices can cross USD 10000. Usually, the average price at which plots of land are sold and purchased varies in the range of 500 USD and 3000 USD. in 2021, the highest land price of Decentraland was 2,000,000 Mana which is quite huge. The measurement of the Decentraland land is approximately 16m X 16m being square in shape. The different types of lands include stress, plazas, private land parcels, and district lands.
The Decentraland game is one of the best in the virtual reality world. You need to move to the game’s website and into the game; the steps are quite easy and user-friendly. You can play it on Google Chrome as well as Firefox. There is a desktop app too for the Decentraland game and users can opt for it. Also, there are options to access the game in the guest mode without the wallet. You may miss out on some of the creative tools though.
While discussing Decentraland vs Sandbox, one important topic is to know about the Decentraland competitors. Here are some enlisted below:
- Mona – an open metaverse with attractive 3D spaces
- Bullieverse – similar open metaverse platform
- Vault Hill – blockchain-based metaverse platform
- Rooom – allowing the creation of online 3D content
- Odyssey – open Web3 metaverse stack
- HighStreet – film studio using virtual reality
- Somnium space – virtual open world
Also read: Why are NFT Gas fees so high? | Deep dive into gas fees
How does Sandbox work
The next important discussion topic for Decentraland vs Sandbox is to understand how does Sandbox work and its intricate details. It essentially supports users to sell, use, create, and monetize virtual reality NFTs. There are two types of land available to the users – Premium and Regular. To start playing the game, users need a token and in this case, it is SAND – the native currency. Only then the users can click on the land available on the website may and purchase the same.
Another method by which one can purchase land is through OpenSea, a secondary marketplace. You need to create an account on the OpenSea platform and purchase land with the help of SAND or ETH.
How to buy sand crypto?
Well, the easy answer on how to buy sand crypto, is to check on the exchange platforms of Binance, Crypto.com, and Gemini, available in iOS and Android. You need to create an account in these exchanges, after proper identity verification. The next step is to fund your account with normal currency or any other cryptocurrency. You can then find SAND available to buy and sell land in the Sandbox gaming app or browser.
Sandbox sand alternative
Here are some of the popular Sandbox Sand alternatives, more or less similar to Decentraland:
- Mona – an open metaverse with beautiful 3D spaces
- Bullieverse – an open-world metaverse platform
- Vault Hill – a blockchain-based metaverse platform
- Rooom – allows the creation of artistic online 3D content
- Odyssey – an open Web3 metaverse stack
- HighStreet – essentially a film studio using virtual reality
- Somnium space – a virtual open world
Also read: Metamask vs. coinbase wallet | Best crypto wallet comparison
Sandbox real estate prices
While talking of Sandbox real estate prices, about 166,464 plots of land cost around USD 9900 which is equivalent to 3.2 ETH. The prices normally increase over time and therefore it is important to look out for good opportunities for the purchase. Sandbox had been sold for as high as USD 30000.
Sandbox real estate can be created by combining a group of LANDS. A LAND is the basic Sandbox unit, a square of side 96 meters.
Is sandbox a good investment
In the debate of Sandbox or Decentraland, an important point to ponder on – Is sandbox a good investment?
Sandbox is considered to be a good option for investment. The probable reason is metaverse industry is predicted to experience a 31% growth between the years 2022 and 2028. The revenue forecast for 2028 is estimated to be USD 828.95 billion. About 62% of the metaverse land is being held by Sandbox and thus the largest real estate metaverse platform.
Sand vs Mana
Talking about Sand vs Mana, the two obvious questions one needs to understand are: How high can Mana go? And How high can Sand crypto go?
Well as per predictions, in 2024 Mana is expected to have a maximum price of USD 1.92 and a minimum of USD 1.54 with the average being USD 1.58.
Whereas Sandbox has predicted that the SAND price will probably be revolving around USD 17.39 in 2030. So if you are thinking of, should I buy Mana crypto or SAND, do check on the predictions and insights.
Also read: Polkadot vs Cardano | Compare Ecosystems, Features, Prices
Here are some of the pros and cons related to Sandbox reviews and crucial discussion topics in this article focused on Sandbox vs Decentraland. The greatest advantage is there is no centralized authority but users have ownership over their digital assets and control policies through the concept of decentralized autonomous organizations. Yet to avail of the lucrative opportunities on the Sandbox platform, one needs to invest a lot to acquire the SAND tokens.
Kuntala is a versatile writer with a focus on diverse areas around work, productivity, collaboration at work, hiring, management, HR, and training. Her background of past experience in technology and consulting helps in molding razor-sharp insights into the research and user-focused content she creates. Professionally she is an IT consultant in a sales role and also a writer of short stories and poems, travel blogger, and fashion influencer.
[…] Also read: Decentraland vs Sandbox: Complete analysis of the top Metaverses […]