Hello to my friends who love life and always keep smiling despite all kinds of negativity. The NFT industry continues to grow wildly. Axie Infinity (AXS), the METAVERSE platform, has been on the rise for the past month. Now investors are starting to think about which METAVERSE project will follow AXS next…
Decentraland (MANA) … ? or The Sandbox (SAND) … ?
Since I was curious about this question, I examined these two projects. I share with you what I have learned. If you're ready, let's start …
First of all, we need to understand what METAVERSE platforms are…
METAVERSE; It is a collective virtual shared space created by the convergence of almost augmented physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality and the internet.
It is a term used to describe virtual space in digital environments such as online games, social media and virtual reality. It is a network of always-on virtual environments where many people can interact with each other and with digital objects while running their own virtual representations or avatars.
The concept is formed from the combination of the Greek words meta meaning 'after,' and the English word universe meaning 'universe'. In this case, the concept indicates going beyond the physical universe.
Decentraland (MANA)
Decentraland (MANA) is 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 that they can then navigate, build on and earn money on.
Decentraland (MANA) was launched following an Initial Coin Offering (ICO) of $24 million initial coin offering in 2017. The virtual world went live in February 2020, following its closed beta in 2019. Since then, users have created a wide variety of experiences in LANDs on their computers, including interactive games, sprawling 3D scenes, and a variety of other interactive experiences.
Decentraland (MANA) uses two separate tokens. MANA and LAND. MEANING; non-tradable ERC-721, LAND; It is an ERC-20 token that needs to be burned. MANA tokens can also be used to purchase avatars, wearables, names and more on the Decentraland (MANA) platform.
Decentraland (MANA) is defined as a virtual world where users can buy, develop and sell LAND, a non-tradable ERC-721 token that represents ownership of the sandbox in Decentraland. While each area of the LAND is private, owners can choose what content they want to broadcast in their area, which can range from a simple, static episode to an interactive game. Users can purchase LAND as well as all other goods and services in Decentraland with MANA, a tradable ERC-20 token.
Decentraland (MANA) allows users to connect and interact with each other, create content and play games. It also has a virtual economy where users can perform numerous economic transactions around the world and earn money from the content and apps they create. It is not controlled by a central organization or company.
Why is Decentraland (MANA) important … ?
Decentraland (MANA) is designed for content creators, businesses and individuals looking for a new artistic medium, business opportunity or source of entertainment. Dubbed “METAVERSE,” the Decentraland game world is divided into a total of 90,601 individual LAND parcels, each represented by an ERC-721 non-tradable token. Each LAND measures exactly 16m x 16m (100 square meters) and can be located at a specific coordinate in METAVERSE.
While LAND owners are free to develop their plots as they please, most of METAVERSE is generally divided into several zones, each with a different size and theme. These counties were created through individual crowdsales for MANA tokens and LAND parcels in these counties are not tradable. As of January 2021, the cyberpunk-themed Aetheria is known as the largest region with a total of 8,088 LANDs.
Decentraland (MANA) is one of the projects that uses the decentralized independent organization Decentralized Autonomous Organization (DAO) structure for management decisions, such as a growing number of projects. MANA token holders control the behavior of the Decentraland world by recommending and voting on policy updates, features of upcoming LAND auctions, and the types of content allowed with METAVERSE. In addition to being a creative outlet, many Decentraland users currently monetize their LANDs through rentals, advertising and paid experiences. Likewise, other users generate income by creating and selling products for MANA tokens on the Decentraland market.
Decenteralized Autonomous Organization (DAO); Decentraland DAO owns the most important smart contracts and assets such as LAND contract, real estate contract, wearables, content servers and marketplace that make up Decentraland. It also has a substantial MANA wallet that allows it to be independent of any organization or management as well as develop various operations and initiatives across Decentraland.
Circulating Supply 1.327.372.145
Total Supply 2.194.049.627
Maximum Supply 2.194.049.627
Decentraland (MANA) has entered a compression zone in terms of price. Technically, it should be expected to make the downtrend. But such projects have the potential to rise with positive news. ATH $1.6. Its current price is $0.77.
The Sandbox (SAND)
The Sandbox (SAND); It is a user-managed decentralized virtual world where players have the power to design, share and sell assets for play. Sandbox METAVERSE is one of the few Blockchain-based virtual worlds trying to change the dynamics of the gaming market and reward creators for the value they generate through user-generated content. It is an ERC-20 utility token built on the Ethereum Blockchain.
The Sandbox (SAND); It is an Ethereum-based metadata warehouse and gaming ecosystem where users can create, share and monetize in-world assets and gaming experiences. Created by the Pixowl company, The Sandbox (SAND) is designed to disrupt the traditional gaming market, where platforms own and control user-generated content. While on other platforms the rights of creators and players are restricted, in The Sandbox, users have absolute ownership over their creations in the virtual world.
In The Sandbox, players can turn their gaming experiences into money via the SAND token on the Ethereum Blockchain. Players can create digital ASSETs in NFT format, upload these ASSETs to the market and integrate them into games via Game Maker. Users can earn money in various ways during the time they spend on the platform.
So what is a Digital Asset?; First, let's define the term "being": anything that exists that has or has intrinsic value. Your house, buildings, coins, videotapes, books, your talents are all assets. What we call digital value, with the definition of a book; are things that are represented in digital form, have a unique value or gain value later. Beyond this general definition, all assets in digital form such as photos, websites, emails, videos, audio files, documents, drawings and presentations are digital assets.
Using the ERC-1776 protocol, The Sandbox (SAND) improves the overall user experience by allowing platform users to perform transactions on Ethereum while paying gas fees.
LAND; The Sandbox (SAND) are pieces of digital real estate within the METAVERSE on which players can build experiences. Once the player gets a piece of LAND, they can fill it with games and ASSETs, or combine multiple LANDs to get an ESTATE (land, property). A total of 166,464 LANDs are available on the map inside The Sandbox METAVERSE. After purchasing a LAND from LAND sales, players can either rent them or fill them with various content to increase the value of their LAND and earn profits.
The Sandbox (SAND) platform has two attributes that determine the rarity level, value and characteristics of ASSETs. GEM and CATALYST. CATALYST creates empty sockets on NFTs that can be filled with GEMs. If high quality CATALYST is obtained, more empty sockets can be obtained on ASSET.
Circulating Supply 892.246.119
Total Supply 3.000.000.000
Maximum Supply 3.000.000.000
Sandbox (SAND) has entered a constriction zone in terms of price. Technically, it should be expected to make the downtrend. But such projects have the potential to rise with positive news. ATH $1.19. Its current price is $0.8.
At the end of my article; The fictional universe seems to have a precautionary place in the future of humanity. The importance of this new universe, which we entered with the internet and virtual reality technologies, is increasing day by day for humanity. Therefore, one should learn about the world of METAVERSE and invest in quality projects such as Decentraland (MANA) and The Sandbox (SAND). These two projects are constantly improving themselves. With a few nice improvements they could go to the moon like Axie Infinity (AXS)… Who knows…? I love blockchain technology and its blessings… By the way, let me tell you a secret… After doing this research, I am thinking of investing some money in both projects… ?
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