Decentraland is a browser-based 3D virtual world. It is an Ethereum-based platform where users may buy virtual plots of land as Non-fungible Tokens (NFTs). They can develop these lands using tools provided by the platform and use them to earn Decentraland’s own cryptocurrency, MANA.
Decentraland is a Decentralized Autonomous Organization (DAO). It implies that the platform runs over a Smart Contract stored in the blockchain. It gives the users direct control over the rules and policies to operate the virtual world. They can command control through voting rights conferred on them by virtue of holding tokens of the platform.
The Sandbox is an Ethereum-based virtual world. It makes use of blockchain technology, Defi, and NFTs. It is a play-to-earn platform where users can create and monetize games and other digital assets using free tools. To start building their gaming experience, users have to buy LAND, the virtual real estate NFT of The Sandbox.
The ownership of digital items lies completely with the user. They monetized it as NFTs and traded for SAND tokens, the virtual currency on The Sandbox.
| Decentraland | Sandbox | |
|---|---|---|
|
Launched in |
2020 |
2012 |
|
Founders |
Ariel Meilich & Esteban Ordano |
Arthur Madrid & Sebastien Borgat |
|
Token type |
Native |
Utility |
|
Governance |
Fully decentralized |
Partially decentralized. Moving towards fully decentralization |
|
Token |
MANA, LAND, and ESTATE |
SAND, LAND, ASSETS, and GAME |
|
Transactional cost |
2.5% MANA - Transactions taking place in the Marketplace will be subject to a "Marketplace Transaction Cost" as per DAO's decision |
5% SAND - A 5% transaction fee is applied. 50% of this fee is allocated to the Foundation Fund and the other 50% is allocated to the Staking Pool. |
|
Market Cap |
$3.4 Billion ($3,422,343,985) |
$2.9 Billion ($2,938,876,929) |
|
Cryptocurrency Wallet |
Not needed to play games and explore Decentraland but to access capabilities and purchase NFTs |
Needed for all operations right from signing-up and playing the game |
|
Visual & Graphics |
Generic 3D Models |
3D Voxel design |
|
Circulating Supply |
1.84B MANA |
1.15B SAND |
