The pandemic caused everyone to be locked inside their house with no known form of recreation as gyms and social spots were shut down, so the world had to turn to the virtual world as a means of escape. In this new world, the video game industry and Blockchain technology, which allows for the transfer of wealth via cryptocurrencies, appear to be leading the way in producing intense emotions that allow for enjoyment during times of confinement.
Faced with rising demand, several platforms are quietly vying for dominance in the decentralized gaming market, allowing their users complete power over their activities in a fantastical environment parallel to our own. Before going deep into these competing powers, let’s take a look at the Metaverse.
What is the Metaverse?
Metaverse is a brand-new and ground-breaking concept in the realm of digital entertainment. Users can play games, socialize, or even buy virtual land and build whatever they want in this virtual environment. There are many distinct Metaverses available, but The Sandbox and Decentraland are the most popular. On this occasion, we’ll compare The Sandbox and Decentraland.
The Sandbox is a 2D mobile game that was released in 2013 and was founded in 2012. In 2017, the shift to a three-dimensional game based on the Ethereum blockchain began. Animoca Brands, a Hong Kong-based software business, bought it in 2018 and has subsequently acquired funding to continue developing this virtual world.
Decentraland began as a 2D virtual space in 2015, but it has now grown into a 3D metaverse. Decentraland, one of Animoca Brands’ ventures, was launched at the same time that Animoca bought The Sandbox.
How they work
In essence, they both have the same concept: users can explore the virtual world and interact with other players and items.
Users can buy virtual land in the Sandbox and Decentraland Metaverses and use it to create their own universe. Users may, in other words, develop, enjoy, and monetize their own content and apps. However, they must first purchase land on which to build your content and sell it. There’s also a marketplace where players can sell these materials or assets for the platform’s native money.
Another thing that The Sandbox and Decentraland have in common is that they’re both built on the Ethereum network. As a result, the land on the Ethereum blockchain is represented and stored as NFT.
They operate similarly, yet they differ in some aspects.
Individual parcels, estates (multiple parcels), districts (parcels with similar themes), and plazas make up Decentraland’s 90,601 land parcels (untradable parcels owned by the community). The Sandbox, on the other hand, includes 166,464 land pieces that can be divided into estates (owned by a single person) or districts (owned by multiple people) (owned by 2 or more people).
There are three sorts of tokens in Decentraland: MANA (the native currency), WEAR (wearables and items), and LAND (land) (the virtual plot of land). In Sandbox, there are four sorts of tokens: SAND (the native money), ASSETS (user-created items), GAMES (user-created games), and LAND (user-created land) (the virtual plot of land).
What’s their agenda?
The Sandbox has a specific objective in mind: to make the platform available on mobile devices by the end of 2022. They also intend to release the platform on consoles such as the Xbox and Playstation. Furthermore, by the end of 2023, they hope to have 5,000 games live and on-demand. Sandbox also intends to offer in-game occupations that individuals can do just like they would in the real world.
Decentraland, on the other hand, does not have a defined roadmap in place. Instead, the team will make judgments based on what they believe is valuable. By early 2022, they hope to attract creators, companies, and celebrities to the space, allowing them to drop NFTs and commercials. Nonetheless, there is a proposal to make Decentraland compatible with at least four other Metaverse worlds, which is even more intriguing.
Who is leading?
For the time being, it appears like The Sandbox has emerged victorious in the argument between The Sandbox and Decentraland. It has a larger number of collaborations, investors, and developers than Decentraland. Furthermore, The Sandbox is more inventive than Decentraland and has a stronger long-term strategy.
Furthermore, the crypto forecast predicts that The Sandbox’s token value will climb substantially faster than Decentraland’s in the future. If this occurs, it will be easier for The Sandbox to persuade others to invest in them.
For the time being, the market appears to favor The Sandbox over Decentraland. However, it is difficult to predict who will win in the long run.