Desc: How to choose a metaverse coin? We consider the issue in this article using the example of MANA and SAND. Read on for more details.
Metaverse Coins: What Is Better MANA vs SAND?
The hype around the metaverse is getting more intense day by day. Tech giants like Meta and Apple are investing large sums into its development. There is no doubt that soon this term won’t seem to us like something from a fantasy world.
What’s even better for the crypto industry is that with the popularity of metaverse development, more people are getting involved in crypto.
However, today we don’t have a clear hegemon in this area; hence the choice of a coin to invest in is as relevant as ever.
As an example, we decided to compare two metaverse giants — MANA vs Sandbox.
What Is a Metaverse Coin?
The Metaverse is a virtual space used by people to interact with each other via virtual (VR) and augmented (AR) reality technologies. For these purposes, they create virtual images — avatars. They allow participants to “transform” into different characters, play different roles, and engage in a variety of activities in these virtual worlds.
In the course of further development, Metaverse can turn from a realistic video game into a full-fledged alternative to the real world. In combination with the innovations of the digital economy (cryptocurrencies, NFT tokens), the metaverse will literally erase the line between virtual and real experiences, making them equally realistic.
Cryptocurrencies will serve as an analog of the real world’s fiat. As of today, the most popular ones are:
These tokens can be bought on Godex and other crypto exchanges.
Understanding MANA and SAND Metaverse Platforms
As we already mentioned, Decentraland and Sandbox are two of the most popular technologies. Both of them are listed on Binance, and their caps already exceed some well-known projects.
Let’s consider them in more detail.
Launched in 2017, Decentraland is a decentralized virtual reality platform running on the Ethereum blockchain. Users can trade virtual plots, build real estate, create art projects, and simply have fun wandering around the territory.
Virtual real estate is presented in the form of NFT — a non-fungible token that presents a unique digital element. It complies with the ERC-20 token standard and is backed by ETH smart contracts.
All land in Decentraland is divided into plots, and users can trade them using the native MANA token.
Definition of Sandbox
Sandbox is a virtual gaming system for creating NFT digital assets on the Ethereum blockchain. It was launched in 2020. The native Sandbox (SAND) token is used on the platform to perform a variety of activities.
Previously, Voxel games were known to be highly centralized and did not allow players to own their creations. Sandbox changed that by introducing NFT Interoperability. This allows users to take full ownership of their Voxel creations and use them across games.
Differences Between Sandbox and Decentraland
|Definition||3D blockchain metaverse allows users to create, buy, sell, and trade virtual plots of real estate.||Blockchain metaverse that serves for creating, buying, selling digital assets, and empowering a play-to-earn gaming economy.|
|Tokens||MANA, LAND, WEAR||SAND, GAMES, LAND, ASSETS|
|Backing||Digital Currency Group, FBG Capital, Polygon, South Korean Government, Samsung, Cyberpunk||SoftBank, Uber, Slack|
|Wallet Compatibility||Walletconnect for enabling the participation of Polygon users||Only ERC-20 wallets|
|Collaborations||Atari, Polygon, Cyberpunk||OpenSea, CryptoKitties, Snoop Dogg|
|Accessibility||Accessible only through connecting with a wallet||Accessible through a social media or email account and Metamask wallet|
|Innovations (plans for the future)||Does not have a future roadmap||Plans to introduce the platform on all mobile devices by the end of 2022|
Choosing the Right Metaverse Coin
At first glance, it may seem like there are only minor differences between the two games. However, when analyzed properly, we can notice that each project has its own vision of what the metaverse should look like.
Therefore, we advise you to conduct your own research and figure out which technology attracts you the most.