If you’re searching for the 2 largest metaverse and play-to-earn platforms, then it is obtained to be Decentraland and The Sandbox. However which one is a greater funding? Each are created on the Ethereum community.
Decentraland was developed in 2017 by Esteban Ordano and Ariel Meilich as a digital platform for creating and monetizing functions and content material. It’s powered by three assets- MANA, LAND, and WEAR. It’s the first blockchain metaverse that’s run by a DAO. CoinFund, FBG Capital, and Digital Foreign money Group are a few of with notable traders asides from the partnerships they’ve with Samsung, Polygon, and Cyberpunk amongst others.
The Sandbox metaverse was launched to the general public in November 2021 below Arthur Madrid and Sebastien Borgat. It has 4 tokens- SAND, LAND, ASSET, and GAMES. It’s backed by one of many largest funding corporations, SoftBank. It goals to make blockchain gaming common.
Whereas MANA is an ERC-20 token that should be burnt to buy LAND on Decentraland, SAND is a utility token used to carry out transactions on The Sandbox. Each work on the proof-of-stake consensus methodology. Though The Sandbox has plans to determine a DAO the place SAND serves as a governance token, it’s but to be applied.
Decentraland has 90,601 plots of land, whereas The Sandbox has over 160,000 parcels of land. Whereas LANDs are ERC-721 commonplace, The Sandbox additionally makes use of ERC-1155. LANDs can type particular person plots, estates, and districts in each metaverses aside from plazas which solely exist on Decentraland.
SAND is promoting for $4.07 proper now with a market cap of $3.7 billion, whereas MANA prices $2.55 now with a market cap of $3.86 billion. Though this suggests that individuals are investing in MANA over SAND, Decentraland is much less of a gaming platform than The Sandbox. This would possibly push folks to The Sandbox in the long term. Additionally, Decentraland is decentralized however this may change when The Sandbox implements its DAO.
In November 2021, each tokens peaked at $8.40 and $5.85, respectively earlier than settling at their current costs. Whereas they’re each related in virtually each respect, SAND is the higher funding in the long term. If you’re invested in metaverses and play-to-earn, then get your self some SAND. Nonetheless, in case you are an investor, do correct analysis and deal properly.