WHAT IS DECENTRALAND (MANA)?
Decentraland (MANA) calls itself a digital actuality platform that’s powered by the Ethereum community permitting customers to not simply create an expertise but in addition monetize the purposes and contents.
It is a digital world the place customers should purchase land and might later navigate to monetize it or construct upon the identical. It was launched again in 2017 with a $24 million preliminary coin providing (ICO). The beta of the platform was launched in 2019 and was made public in 2020. Over time customers have created all kinds of experiences on the parcels of LAND accessible. The experiences vary from interactive video games, digital interactions, and sprawling 3D scenes. The community has two tokens LAND and MANA. While MANA is an ERC-20 token that have to be burnt to amass one other ERC-721 LAND token. MANA coin can also be used to pay for numerous avatars, names, wearables, and different merchandise accessible on the Decentraland (MANA) market.
The distinctive options of Decentraland MANA are:
- Decentraland MANA is constructed for companies, creators, and people on the lookout for new enterprise alternatives or creative mediums and sources of leisure.
- Decentraland is a type of rising tasks that make the most of an autonomous group (DAO) construction for governance.
- MANA coin holders are in charge of the governance of the Decentraland world.
Additional Read: Is Decentraland MANA a good investment?
Decentraland has been making strides too just lately with the introduction of the very first metaverse ATM. Led by Transac, it’s slated to develop into the world’s first fiat-to-crypto on-ramp designed to work within the Decentraland metaverse. Users can avail of this facility within the metaverse to purchase MANA tokens and retailer them on to their wallets, test it out!
World’s First Metaverse🏧 is Now Live!
— Transak (@Transak) August 2, 2022
WHAT IS THE SANDBOX (SAND)?
The Sandbox (SAND) was launched by Pixowl in 2011 which is a blockchain-based digital world letting customers construct, create, promote and purchase digital property by way of a sport. It has mixed the superpowers of non-fungible tokens (NFTs) in addition to decentralized autonomous organizations (DAO) to create a thriving group of gaming fanatics.
The major goal of sandbox crypto is to make blockchain gaming mainstream. The platform follows a really inventive play-to-earn mannequin that enables customers to develop into each players 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 opposite co-founder and COO of the corporate who has been main the Sandbox challenge from the entrance row. Both these guys based Pixowl in 2011 and have been engaged on many tasks collectively since then.
The distinctive options of The Sandbox(SAND) crypto are:
- The blockchain-based digital world lets customers construct, create, promote and purchase digital property.
- Introduces blockchain know-how to the gaming trade.
- Focuses on user-generated content material and creates a Metaverse of concerned gamers that contribute to the event.
The Sandbox developer staff has additionally partnered with a safety agency known as BrandShield amid the rising instances of NFT thefts throughout the rising sector. This exhibits effort from their aspect to assist with these affected by thefts and attempt to safe their holdings.
We are proud to announce our partnership with @TheSandboxGame, a decentralized #gaming world and subsidiary of @animocabrands. With over 3M customers buying and selling with 500,000 #crypto wallets, participant security is not any small feat.
Check out this @CoinDesk article: https://t.co/ebiwXF1gRD#BRSD
— BrandShield (@BrandShieldltd) July 20, 2022
Decentraland ( MANA) Vs The Sandbox (SAND): Top Metaverse Coins (by Market Cap)
|Comparison Basis||Decentraland (MANA) 123||The Sandbox (SAND)|
|Founders||Ariel Meilich and Esteban Ordano||Arthur Madrid and Sebastien Borgat|
|Blockchain Protocol||Ethereum Blockchain(ERC-20 Token)||Ethereum blockchain(ERC-20Token)|
|Use Case||Decentraland is a web based group combining blockchain know-how with digital actuality. NFTs symbolize in-game collectibles and customers retailer these NFTs of their crypto pockets and promote them on the Decentraland market.||SAND crypto is used for governance in addition to to purchase, promote, and commerce in-game gadgets within the Sandbox Ecosystem|
|Circulating Supply**||1.85 billion MANA||1.28 billion SAND|
|Consensus Method||Proof-of-stake (PoS)||Proof-of-stake (PoS)|
MarketCap* and Circulation Supply** as of August 2022
Important word: MANA and SAND are one of many Top Metaverse Coins by Market Cap as on 4th August, 2022
MANA VS SAND – TECHNICAL ANALYSIS
So if we had been to place each MANA and SAND face to face towards one another, each of those crypto costs have moved kind of in a similar way ever for the reason that starting of 2022. However, SAND costs have taken a much bigger hit in share phrases, totalling out nearly 78% p.c whereas MANA stands close to 70% in the identical timeframe. Now, it have to be famous that each these cryptos as of scripting this have nearly the identical market capitalisation.
However, from a technical standpoint, each these cryptos have participated within the restoration up to now month or so. That is an efficient signal and as and when the market truly breaks out of this humdrum zone, these two cash can be the most important beneficiaries of the enlargement within the NFT & metaverse house.
Additional Read: Sandbox Technical Analysis
DECENTRALAND MANA PRICE PREDICTION
MANA costs have managed to interrupt out of a descending triangle and have sustained above its essential assist trendline. This bodes nicely for the quick way forward for the crypto. Currently buying and selling round $0.98, MANA should face a stiff resistance zone round $1.eight which can take 4-5 months to interrupt out of, if all issues go nicely. That degree additionally coincides with the 200-day shifting common thus a breakout over that may end result within the flipping of the long run development right into a bullish one and therefore have the ability to maintain an additional run up from there.
The Relative Strength Index for MANA worth chart is also at a wholesome degree of 53 which might assist any optimistic motion going ahead within the token. If it doesn’t occur, then we may even see some revenue reserving earlier than getting one other leg upwards. Then inside a yr from now, we may even see MANA contact $3.5 ranges sustainably.
Additional Read: MANA Technical Analysis
THE SANDBOX (SAND) PRICE PREDICTION
SAND is unquestionably one of many weaker tokens out of the 2. However, a barely long run view on the day by day chart for SAND costs exhibits that regardless of the slight rise in worth, the token remains to be caught inside a spread of $0.9-$1.4. This vary has been held for over two and a half months and therefore can be troublesome to interrupt out of.
If it is ready to convincingly get away of this accumulation zone over the following month or two – then the following zone of resistance can be between $3-$Four for the SAND crypto. This zone might once more take up a couple of extra months and will even final until a yr from now.
PROS AND CONS OF SAND & MANA
|THE SANDBOX PROS||DECENTRALAND PROS|
|It’s an authentic concept – with the creation of a whole gaming universe based mostly on Ethereum||Decentraland’s group governance is backed by the Security Advisory Board|
|It is extra game-oriented than Decentraland, providing a number of distinctive closed worlds with customized made experiences||Decentraland supplies the choice for auctioning of NFTs and promoting of LAND for MANA|
|SAND token can be utilized to take part in group governance & staking||MANA has a number of use instances together with governance and as an in-game forex|
|–||Constant developer assist by way of upgrades and newer protocols|
|THE SANDBOX CONS||DECENTRALAND CONS|
|It has main financial restrictions as a result of regardless of being listed, it’s not a full fledged crypto||There is a dearth of participating content material within the metaverse world in Decentraland|
|Very restricted target market – solely those that are hardcore gaming fanatics and just like the worlds created right here||There is lack in variation of terrain over all of Decentraland – not like SAND which has a number of completely different worlds|
|Some lack of decentralisation since builders opted for pre-mining on the platform||Risk of exploitation as results of cyberattacks on the platform|
Should you purchase MANA Coin or SAND Crypto
Both MANA coin and the SAND crypto are Metaverse tokens developed and constructed on the Ethereum blockchain. Although each these cryptocurrencies are based mostly on ERC-20 their ecosystem and experiences are utterly completely different. Both the sandbox crypto and MANA coin are promising contenders of the Metaverse and have loads to supply to each buyers in addition to gamers.
There are at the moment 3.2 billion players throughout the globe and the common cash spent on these video games yearly is $100-200. It is kind of pure that there’s a important rift between the Metaverse cash for his or her piece of the pie.
The Sandbox consists of 166,000 plots of land which might be additional grouped into estates (owned by a person) or districts (owned by multiple individual). These lands may be each custom-made in addition to monetized together with gadgets being traded on the Sandbox market. According to experiences, this Sandbox crypto market ranks among the many high 10 NFT tasks by way of gross sales quantity.
Decetraland then again has 90601 parcels of land that may be purchased on the Decentraland market with the native token MANA. These parcels are additional grouped into particular person parcels, estates ( multiple parcel), districts ( parcels having related themes), and plazas (community-owned untradable parcels).
The staff at Sandbox has been within the gaming trade for a very long time now. They have launched numerous cell and PC video games and have groups throughout the globe. Decentraland founders, then again, have stepped down from main positions and solely act as advisors for the corporate. The Sandbox crypto has partnered with Skybound Entertainment, Big Fan, Ubisoft, and even Snoop Dogg. Decentraland then again is backed by 20 buyers equivalent to Digital Currency, Animoca Brands and has additionally partnered with Samsung, Polygon, and the South Korean authorities. Grayscale has even locked over 20 million MANA tokens.
Both Decentraland (MANA) and Sandbox (SAND) have their distinctive options. It’s at all times as much as the buyers’ discretion which appeals to them higher. The investor should examine the use instances of any crypto challenge earlier than investing in it.
How to spend money on each Decentraland (MANA) and The Sandbox (SAND)
Investing in crypto is tremendous easy, secure, and secured with CoinDCX. It doesn’t matter whether or not you wish to spend money on the mana coin or the sandbox crypto, now we have acquired you coated.
Here are the three easy steps to spend money on your first metaverse coin with CoinDCX app.
- Sign up on CoinDCX
- Link your financial institution particulars
- Buy Decentraland MANA and Buy Sandbox SAND
Important word: MANA and SAND are one of many Top Metaverse Coins by Market Cap as on 4th August, 2022