Decentraland Competitors: Move Over, MANA, They’re Coming For You!
Among the spearheads in the metaverse space, currently, is Decentraland. A virtual world wherein people can socialize, do business, and interact through a digital environment has been Decentraland’s bread and butter for their success.
Numerous investors have chosen to invest their hard-earned money into Decentraland’s cryptocurrency called MANA. The cryptocurrency token gained spectacular gains over the past years which strengthened its community’s belief that the project will be the pillars of the future of digital marketing and economy.
The metaverse industry is currently in its early stages which is why it is still hard to know which project will take the lead in the future and for how long. Some may argue that Decentraland is too big to fail in their endeavor but it is also worth to note that Facebook (or Meta), which is relatively bigger compared to Decentraland, also took their shot in pursuing success within the industry and missed.
Given that metaverses are still in their embryonic stages, it is good to consider other projects who can potentially take the lead away from Decentraland. In this article, you will be introduced to Decentraland competitors and how they are building their own names in the industry.
Sandbox is a decentralized NFT gaming metaverse based on the Ethereum blockchain. Through the platform, all users can create, market, use, and monetize their owned NFT assets in the ecosystem.
The Sandbox metaverse features three unique integrated products that are designed to provide a diverse gaming experience. The three products are namely:
- VoxEdit – Enables users to create voxel models which are 3D pixels and building blocks for The Sandbox game.
- Marketplace – Lets users upload, publish, and sell voxel creations made through VoxEdit.
- Game Maker – Users can create their own 3D game for free.
The metaverse immerses users in a decentralized ecosystem featuring several assets and tokens such as SAND, ASSETS, LAND, GAME, GEM, and CATALYST tokens. The tokens have their respective utility and purpose within the ecosystem. For convenience, the details are summarized in the table below.
|SAND||The main token of Sandbox used for all interactions and transactions in the ecosystem.|
|ASSETS||Represents the virtual assets found throughout the metaverse.|
|LAND||The virtual real estate token in the metaverse which users can purchase to acquire a piece of land in the metaverse.|
|GAME||Provides an interactive experience to users through integrating game programming and assets.|
|GEM||The utility and burnt-on-usage token within the ecosystem that boosts the attribute values of ASSETS in the metaverse.|
|CATALYST||Another burnt-on-usage token which defines the tier and scarcity of the users’ ASSETS.|
Sandbox is continuing their expansion and partnership with different brands, franchises, and individuals which could mean that the project is constantly progressing towards their development.
Recently, multiple companies have decided to purchase their lands in the Sandbox metaverse. These companies represent many industries including the gambling industry which, according to Casinos Blockchain, is currently on the rise in the metaverse.
There (The Virtual World)
There is a virtual world created for users to be able to create their own 3D characters or avatars, meet and interact with friends, and chat with each other through the built-in real-time voice or text chat. The project’s closed beta started on 2001.
By the year 2010, the project was announced to close from the public. On 2011, There was announced to be re-opened once again and all previous members will have full access to their previous avatars. Finally, by 2012, the project was re-opened to the public for a monthly subscription fee.
The avatars in the metaverse are fully customizable from their name and gender up to their hair color/style, head and body shapes, skin and eye color, clothing, and etc. Users can also do actions such as arranging house items, meeting places, game rooms, movie sets, and etc.
Even More Decentraland Competitors
Aside from the metaverse platforms mentioned above, there are also other smaller Decentraland competitors that promises a lot of potential in the coming years. These platforms offer competitive features just like Decentraland and users must watch these projects out to not get left out!
NFT Worlds is another decentralized and community-driven play-to-earn gaming platform wherein users can create limitless metaverse games and experiences for the community. The platform is utilizing Minecraft and its open-source ecosystem and expand through it to enable multiple new types of 3D voxel-based and decentralized gaming metaverses on the Ethereum blockchain.
The ecosystem of the metaverse platform revolves around the cryptocurrency token, $WRLD, which is the primary utility token used throughout the NFT Worlds ecosystem. Users can use the token to access exclusive experiences, items, perks, content and etc.
Somnium Space is an open-source metaverse platform that allows users to purchase digital land, create buildings and homes, start marketing businesses, interact through various gaming experiences, and organize and hold live events such as concerts and meetups. The platform is accessible through PC, mobile, VR, and through the browser.
The space utilizes the in-world currency Somnium CUBES ($CUBE) on the Ethereum blockchain. CUBE tokens are used for all in-world transactions, purchases/sales, renting, and etc. The token’s use case is also planned to be developed and improved through continuous development of smart contracts and creating drag-and-drop payment gateways in the world.
Voxels, formerly known as CryptoVoxels, is another metaverse platform that promises potential in the next coming years and decades. The platform is a virtual world on the Ethereum blockchain that allows users to craft avatars, purchase virtual lands, handle stores, create NFT art galleries, play games, and interact with other users.
Currently, Voxels is primarily used as a social hub wherein users can express their artistic side through NFT assets and their creative side through crafting avatars.
The metaverse industry is continuously growing through time and it seems like nothing can stop the development now. The space is still in its early stages so it is almost impossible to know who will come out on top and emerge as the number one leading metaverse platform in the industry.
Decentraland competitors will continue on building through the years and multiple other platforms and projects will soon rise and make names for themselves too. Only time can tell how these platforms will do within the next couple of years or decades. Sit back, relax, and watch how the metaverse unfolds!