What Is The Sandbox (SAND)?

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform. [here]

What Is Decentraland (MANA)?

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland (MANA) is a decentralized virtual world platform with software based on the Ethereum blockchain, where users create, test and monetize content. In short: users buy virtual plots of land as NFTs with MANA tokens on the Decentraland platform. Progress in the game depends only on players themselves, their efforts and their imagination.

The digital platform is completely owned by its users. Within the Decentraland metaverse, participants can explore the virtual world, purchase plots of land that can be monetized, create works of art, own non-fungible tokens (NFTs), and take part in a decentralized autonomous organization of the platform Decentraland DAO. Due to the DAO, the community influences the development vector of the project.

In addition, users have access to interactive applications, in-world payments and peer-to-peer communication. The 3D world resonates with many participants as Decentraland has many applications, both entertainment for gamers and business for investors.

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform.

MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

MANA gives its holders the right to vote in Decentraland DAO. MANA can be purchased on a cryptocurrency exchange or by selling collectibles on Decentraland Marketplace. The owner of tokens converts them to wrapped MANA, or wMANA, and then commits them to the DAO. One wMANA equals one vote. MANA can be exchanged for fiat currency and other digital assets.

As for LAND, it’s a non-fungible token (NFT) based on Ethereum (ETH). It is used to track ownership of land parcels aka digital real estate. Like MANA, LAND is part of the protocol and confers voting rights, but LAND does not need to be fixed in the DAO. One LAND is equal to two thousand votes.

Players choose what to do with their land. Owners store tokens in crypto wallets and buy necessities with MANA tokens on the Decentraland Marketplace. Moreover, on the marketplace, participants can manage or exchange LAND tokens (priced in MANA). Holders use the marketplace to transact or transfer in-game items. All transactions are conducted, regulated and registered via the Ethereum blockchain.

Decentraland combines an online gaming space and blockchain technology. All control over the rules is given to the players, and token holders vote on in-game and organizational policies. The original goal was to form a decentralized virtual reality, but in practice, Decentraland has turned into a massive NFT market.

A special role in Decentraland is assigned to NFTs, such as collectibles, virtual equipment and real estate (LAND). However, for new players who want to join the universe and seize NFTs, the entry barrier will be high.

The Decentraland protocol is built on three levels using Ethereum smart contracts. On the consensus layer, the ownership of LAND is tracked and managed. The land content layer displays the content of the Decentraland virtual world. Finally, on the real-time layer, participants interact with each other.

The platform was co-founded by two blockchain experts, Ari Meilich and Esteban Ordano, in 2015. Officially it was launched a year later and became available only in February 2020, gradually turning from a 2D experiment into a full-fledged 3D world.

To sum up, Decentraland is a decentralized game and a 3D virtual reality platform where players own lands and create limitlessly. Decentralized Autonomous Organization (DAO) software is at the core, and governance is in the hands of the community. Through the native token MANA, players participate in any proposals for managing and improving the ecosystem, the auction system, and the in-game policy. [here]

Methodology

Hi welcome to my dashboard I want to compare two famous Metaverse platforms Decentraland and Sandbox and their NFT collections and their tokens $SAND and $MANA.

I used Ethereum Schema and Contract address for Decentraland is:

0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d

and For Mana is:

0x5cc5b05a8a13e3fbdb0bb9fccd98d38e50f90c38

Key Insights

• Sandbox collection has 675 sales transactions during last month, 389 Buyers, 1.74 as average transactions per buyer, 1.3M USD as total USD volume, 1614 USD as Average Sale volume, 418 ETH as Total fee, 0.5 ETH as average Fee and 95.5K USD as USD FEE.
• Decentraland collection has 125 sales transactions during last month, 72 Buyers, 1.74 as average transactions per buyer, 289K USD as total USD volume, 2210 USD as Average Sale volume, 7.8 ETH as Total fee, 59.5 ETH as average Fee and 7.1K USD as USD FEE.
• it seems Sandbox collection stats beats Decentraland.
• Sandbox
• the highest number of weekly sales transaction on Sandbox was at third week of Sep with about 290 and the highest sale volume also was at this week with about 716K USD.
• Cumulative data: Sandbox has had about 2.2K transactions and 5.6M USD as USD sale volume.
• Decentraland
• the highest number of weekly sales transaction on Decentraland was at third week of Oct with about 55 and the highest sale volume also was at this week with about 162K USD.
• Cumulative data: Decentraland has had about 400 transactions and 1M USD as USD sale volume.
• it seems to again Sandbox beat decentraland.
• two these Metaverse token has experienced downward trend during recent days.
• This User 0xc3baa0fa5f21af0157548bebf57028516fca7a71 is top user with the highest sale volume on Decentraland with about 61K USD and this user 0xb7e8d69a8f80052080ff780a25daa2d03318cd49 has the highest sale transactions with about 20.
• This User 0xe5fc21275eb2aa3090c4e3e5acd281a3eb120a2f is top user with the highest sale volume on Sandbox with about 214K USD and this user 0xa244312a1c313bd79f75dcfedcda850997fd356f has the highest sale transactions with about 80.
• This User 0xb7e8d69a8f80052080ff780a25daa2d03318cd49 is top user with the highest buy volume on Decentraland with about 117K USD also this user has the highest buy transactions with about 35.
• This User 0x1f055d883120bb393a8b0a913fbeb91667957201 is top user with the highest but volume on Sandbox with about 217.5K USD and this user 0x49658c334d2d2c43638797ca09ab60ddbcf6ec8c has the highest buy transactions with about 105.
• To Sum Up: In major criteria such as sale number, users and USD Volume Sandbox has beaten Decentraland and become more successful at least during recent days.