While many metaverse projects have launched in the recent past, The Sandbox and Decentraland have shone brighter than the rest. They both have unique structures and a large community that makes them stand out from the pack.
The Sandbox metaverse runs on Ethereum and is operated as a decentralized virtual gaming world. At its core, it is a game where players purchase digital plots, called SAND, and use them to create experiences they can share with others.
Besides the LAND tokens, which are NFTs, The Sandbox has two other native tokens. The first one is SAND tokens, which facilitate transactions within the game. SAND can be used to buy LAND, interact with content, and stake to be part of the governance of the game’s DAO. The other asset is ASSET tokens, which are NFTs that are used for in-game items like equipment and creations used to build on LAND. These tokens can be bought and sold on The Sandbox metaverse.
The other promising metaverse project is Decentraland. It was founded in 2017 when its official site went live. The project is hosted on Ethereum, a virtual reality ecosystem that lets users buy LAND, which is an NFT.
Users of Decentraland use LAND NFTs to represent ownership of virtual land in Decentraland. It also has a native currency called MANA. Holders of MANA use it to buy LAND. The software on which Decentraland runs offers users the ability to contact each other and create useful features like playing games, in-world payments, and virtual content.
The platform uses a decentralized governance structure via MANA tokens. It is the first virtual platform where users retain complete control of the ecosystem. There is no central authority overseeing the ecosystem. It is designed to be a VR ecosystem, with land playing a central role in the economics of the ecosystem. Users can mimic reality in a virtual world.
Oryen Network Outshines Them
While Decentraland and The Sandbox have had their moment in the spotlight, those who closely watch the crypto markets agree that Oryen Network will outshine them. Both of these projects were relatively unknown when they were launched. However, once people heard from the team and read the whitepaper, they became convinced.
A similar phenomenon is taking place with the ORY tokens of the Oryen Network. As more people learn about the project, the price of the native ORY tokens has been rising. Many crypto analysts have correctly predicted that this project’s tokens are headed for the moon.
One reason they believe this will happen is the fixed APY of 90% offered by the project. It is, thus far, the highest fixed APY offered by a DeFi project. There is also the unique staking mechanism that lets users maintain full control of their ORY tokens. Additionally, it offers the fastest rebase rewards payouts of 60 minutes. That is eight times faster than the industry average of 8 hours.
Oryen Network is set to become one of the biggest crypto-related projects in the world when it goes live. Its tokens are so hot that their price has already increased by over 300%. Those who get in now could become some of the biggest names in the crypto world when the Oryen Network mainnet goes live.
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