Cryptocurrency

Decentraland(MANA) vs SandBox(SAND)

Mana vs Sand

Snapshot:

  • What is Decentraland (MANA)?
  • What is Sandbox(SAND)?
  • Decentraland & Sandbox Analysis 
  • SAND vs MANA Price Trends
  • Should you buy MANA or SAND?
  • How to invest in MANA & SAND ?

Decentraland vs The Sandbox:  Comparative Analysis of Top Metaverse Coins 

What is Decentraland (MANA)? 

Decentraland (MANA) calls itself a virtual reality platform that is powered by the Ethereum network allowing users to not just create an experience but also monetize the applications and contents. 

It is a virtual world where users can purchase land and can later navigate to monetize it or build upon the same. It was launched back in 2017 with a $24 million initial coin offering (ICO). The beta of the platform was launched in 2019 and was made public in 2020. Over time users have created a wide variety of experiences on the parcels of LAND available. The experiences range from interactive games, virtual interactions, and sprawling 3D scenes. The network has two tokens LAND and MANA. While MANA is an ERC-20 token that must be burnt to acquire another ERC-721 LAND token. MANA coin is also used to pay for various avatars, names, wearables, and other products available on the Decentraland (MANA) marketplace. 

What is Sandbox (SAND)? 

The Sandbox (SAND) was launched by Pixowl in 2011 which is a blockchain-based virtual world letting users build, create, sell and buy digital assets via a game. It has combined the superpowers of non-fungible tokens (NFTs) as well as decentralized autonomous organizations (DAO) to create a thriving community of gaming enthusiasts.

The primary purpose of sandbox crypto is to make blockchain gaming mainstream. The platform follows a very creative play-to-earn model that allows users to become both gamers and creators. SAND is the utility token of the platform that helps in conducting transactions on the platform. 

One of the driving forces behind the platform is Arthur Madrid, CEO, and co-founder of Pixowl. Sebastien Borget is the other co-founder and COO of the company who has been leading the Sandbox project from the front row. Both these guys founded Pixowl in 2011 and have been working on many projects together since then. 

Key Takeaways of Top Metaverse Coins 

The unique features of Decentraland MANA are: 

  • Decentraland MANA is built for businesses, creators, and individuals looking for new business opportunities or artistic mediums and sources of entertainment.
  • Decentraland is one of those growing projects that utilize an autonomous organization (DAO) structure for governance.
  • MANA coin holders are in control of the governance of the Decentraland world.

The unique features of The Sandbox(SAND) crypto are:

  • The blockchain-based virtual world lets users build, create, sell and buy digital assets.
  • Introduces blockchain technology to the gaming industry.
  • Focuses on user-generated content and creates a Metaverse of involved players that contribute to the development.

Decentraland ( MANA) Vs The Sandbox (SAND) 

Comparison Basis 

Decentraland (MANA) 123 

The Sandbox (SAND) 

Launch date 

2019

2011

Founders

Ariel Meilich and Esteban Ordano

Arthur Madrid and Sebastien Borgat 

Blockchain Protocol 

Ethereum Blockchain(ERC-20 Token) 

Ethereum blockchain(ERC-20Token)

Token Type 

Native 

Utility

Use Case
Decentraland is an online community combining blockchain technology with virtual reality. NFTs represent in-game collectibles and users store these NFTs in their crypto wallet and sell them on the Decentraland marketplace.
SAND crypto is used for governance as well as to buy, sell, and trade in-game items in the Sandbox Ecosystem
Market Cap* $5,736,097,349 $4,528,715,461
Circulating Supply** 1,824,570,135 MANA 913,364,619 SAND
Consensus Method Proof-of-stake (PoS) Proof-of-stake (PoS)

MarketCap* and Circulation Supply** as of December 2021

Source: CoinMarketCap

MANA vs SAND Price Trends (Monthly)

SAND vs MANASource: Tradingview Date: 16-12-2021 Time: 11:15AM

Additional Read: Sandbox Price Prediction & Sandbox Technical Analysis 

Should you buy MANA Coin or SAND Crypto 

Both MANA coin and the SAND crypto are Metaverse tokens developed and built on the Ethereum blockchain. Although both these cryptocurrencies are based on ERC-20 their ecosystem and experiences are completely different. Both the sandbox crypto and MANA coin are promising contenders of the Metaverse and have a lot to offer to both investors as well as players. 

There are currently 3.2 billion gamers across the globe and the average money spent on these games yearly is $100-200. It is quite natural that there is a significant rift between the Metaverse coins for their piece of the pie. 

The Sandbox consists of 166,000 plots of land that are further grouped into estates (owned by an individual) or districts (owned by more than one person). These lands can be both customized as well as monetized along with items being traded on the Sandbox marketplace. According to reports, this Sandbox crypto marketplace ranks among the top 10 NFT projects in terms of sales volume. 

Decetraland on the other hand has 90601 parcels of land that can be bought on the Decentraland marketplace with the native token MANA. These parcels are further grouped into individual parcels, estates ( more than one parcel), districts ( parcels having similar themes), and plazas (community-owned untradable parcels). 

The team at Sandbox has been in the gaming industry for a long time now. They have launched various mobile and PC games and have teams across the globe. Decentraland founders, on the other hand, have stepped down from major positions and only act as advisors for the company. The Sandbox crypto has partnered with Skybound Entertainment, Big Fan, Ubisoft, and even Snoop Dogg. Decentraland on the other hand is backed by 20 investors such as Digital Currency, Animoca Brands and has also partnered with Samsung, Polygon, and the South Korean government. Grayscale has even locked over 20 million MANA tokens. 

Both Decentraland (MANA) and Sandbox (SAND) have their unique features. It’s always up to the investors’ discretion which appeals to them better. The investor must study the use cases of any crypto project before investing in it. 

Additional Read: Mana Price Prediction & Mana Technical Analysis 

How to invest in both Decentraland (MANA) and The Sandbox (SAND) 

Investing in crypto is super simple, safe, and secured with CoinDCX. It doesn’t matter whether you want to invest in the mana coin or the sandbox crypto, we have got you covered. 

Here are the 3 simple steps to buy your first metaverse coin with CoinDCX app

  1. Sign up on CoinDCX
  2. Link your bank details
  3. Buy or Sell Decentraland MANA and Buy or Sell Sandbox (SAND)

 


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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