Metaverse Highlights:
- In this Guide, I will show you the top 4 metaverse coins by market cap and adoption.
- SAND, MANA, AXS, and ENJ token are the most traded metaverse coins in the 2021 metaverse wave.
- Exploring the virtual world, and buying and selling virtual assets is the ultimate goal of metaverse projects.
SAND, MANA, and AXS are the top market-cap metaverse coins. These coins offer many functions like buying and selling real estate, NFT marketplaces, gaming, etc.
Since Facebook was rebranded as ‘meta’, metaverse coins and tokens in cryptocurrency are more in demand.
Top metaverse coins like Decentraland MANA, The Sandbox, Axie Infinity, etc. have seen high demand in adoption.
In this article, we will discuss some differences between SAND, MANA, and AXS, three high-market-cap metaverse coins. Let’s first understand some basic concepts-
What is Metaverse
Metaverse is a digital universe where you can buy, sell, create, own land, play games, etc. Like the real world, you can buy real estate, own NFTs, clothes, etc. in it.
Metaverse platforms like axie infinity, decentraland, etc. are the places where you can buy assets such as NFTs, real estate, and in-game assets like the axies to earn more in-game tokens like SLP.
Key differences: SAND vs MANA vs AXS
1. Decentraland (MANA): Best virtual land and NFT-based metaverse coin
Decentraland (MANA) is a virtual reality platform built on the Ethereum blockchain. It is a part of the metaverse narrative which allows users to buy, sell, play and own real estate on its platform.
MANA is a native token of decentraland. Decentraland is a play-to-earn game where you can earn LAND tokens by buying in-game assets as a reward.
Key features of Decentraland (MANA) cryptocurrency
Key features of Decentraland (MANA) cryptocurrency:
- Decentralization: Decentraland is a decentralized virtual world built on the Ethereum blockchain. It is a completely open-source platform where users can create and own their own content, land, and applications.
- Immutability: All transactions on the Decentraland network are recorded permanently on the Ethereum blockchain and cannot be modified or reversed.
- Security: Decentraland utilizes advanced cryptography and blockchain technology to ensure security and privacy for users.
- Ownership: Decentraland users have complete control over their land and applications, as they are stored and owned on the blockchain.
- Interoperability: Transactions on the Decentraland network are quickly and securely verified by miners, ensuring a secure and seamless experience.
- Open-Source: Decentraland is an open-source project, that allows developers to create applications and experiences on the platform.
2. The SandBox: Best real estate metaverse coin
The SandBox is a play-to-earn metaverse game that combines blockchain technology, decentralized finance, Non-fungible tokens, and 3D. It is a virtual world that allows users to create and customize their digital assets in its marketplace. Later, you can sell these digital assets as NFTs in its marketplace. You can also buy land, estate, and NFTs in the sandbox marketplace.
The SAND token is a native token of the sandbox which can be used for transactions in the sandbox platform. It is a part of a metaverse where users can buy their homes, farms, shops, etc., and customize them as they want.
Key features of the sandbox (sand) cryptocurrency:
- Fast Transactions: Sand utilizes a novel consensus algorithm that enables transactions to be processed quickly and securely.
- Low Fees: The low-fee nature of Sand allows users to carry out transactions without incurring high costs.
- Security: Sand is designed to be as secure as possible, using advanced cryptography to protect user data and funds.
- Decentralized: Sand operates on a decentralized network, meaning that no single entity can control the network or the currency.
- Scalability: Sand is designed to scale and to be able to handle a large number of users and transactions.
- Privacy: Sand provides users with the ability to protect their data and transactions by utilizing advanced cryptographic techniques.
- Interoperability: Sand is built to be interoperable with other digital currencies, allowing users to easily move between them.
Learn how to buy land in the sandbox Metaverse
3. Axie Infinity: Top play to earn metaverse game
Axie Infinity is one of the best play-to-earn games in the crypto world. Its token AXS has rallied by 2100% since the beginning of July due to mass adoption of the game and the market cap also boosts around $ 7.8 billion end of 2021. It has an in-game currency called SLP (Smooth love potion).
In-game, players usually buy, breed and pit monsters called Axies against each other to win some in-game currencies. These in-game currencies are called SLP.
Key features of axie infinity (axs) cryptocurrency:
- Decentralized: Axie Infinity is a decentralized game that runs on the Ethereum blockchain. This means that it is not controlled by any one person or entity and is instead managed by the entire community of players.
- Non-Fungible Tokens (NFTs): Axie Infinity is powered by non-fungible tokens, or NFTs, which are unique digital assets that can be bought, sold, and traded. These NFTs are used to represent the different Axie creatures and are essential for playing the game.
- Collectible Gameplay: Players can collect, battle, and breed their Axies in order to advance in the game. There are a variety of different strategies and tactics that can be used to increase the strength and value of your Axies.
- Open Marketplace: Axie Infinity has an open marketplace where players can buy, sell, and trade their Axies. This allows players to make money by trading their NFTs with other players.
- Staking Rewards: Axie Infinity has a staking system that allows players to earn rewards in the form of AXS tokens by staking their AXS tokens. This allows players to earn passive income while
sand vs mana: comparison
| SAND | MANA |
|---|---|
| Sand is a utility token on the Ethereum blockchain | Mana Crypto is a digital asset built on the Ethereum blockchain. |
| Sand tokens are mainly used in the Sandbox gaming platform. | Mana Crypto is a decentralized digital currency created to facilitate and reward gaming and gaming-related activities. |
| Sand tokens are used to buy and sell virtual assets in the Sandbox platform | Mana Crypto is used to purchase in-game items, buy gaming services, and even power gaming-related activities such as tournaments. |
| Sand tokens are non-fungible tokens (NFTs) | Mana Crypto is a fungible token. |
Sand vs AXS: Comparison
| SAND | Axie Infinity (AXS) |
|---|---|
| Sand is a utility token on the Ethereum blockchain | Axie Infinity Crypto is a digital collectible game featuring cryptocurrency. |
| Sand is a deflationary currency with a fixed supply of tokens | Axie Infinity Crypto has a variable supply of tokens |
| Sand is used for payments and transactions. | Axie Infinity Crypto is used to breed, battle, and trade digital creatures |
| Sand tokens are non-fungible tokens (NFTs) | AXS Crypto is also a Non-fungible token. |
Conclusion
Sand, Mana, and Axs are three different cryptocurrencies that offer unique investment opportunities.
Although they all have different features, they all have the potential to offer investors good returns.
However, it is important to do your own research and understand the risks associated with each cryptocurrency before investing.
