Buy Decentraland or The Sandbox? Maybe Invest in High Return Alternative RobotEra

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Metaverse technology could transform many aspects of human life and interaction in the coming decades. According to a recent report by McKinsey, the value added by the metaverse could be as much as $5 trillion by 2030. Although the hype is huge, with the metaverse touted as having the potential to transform our work and social lives, as well as our consumption of goods and entertainment, including gaming, there are concerns that the adoption of metaverse technology might place too much power in the hands of too few.

For example, Facebook transitioned to become Meta Platforms in 2021 and announced that its main focus would now be on building a widely usable metaverse. However, this would be a centrally controlled metaverse, in which Facebook developers and executives would wield ultimate power. Hence, there has been massive interest in whether there could be a decentralized metaverse alternative.

And there have already been a few early success stories. Decentraland and The Sandbox, both decentralized metaverse protocols, achieved notoriety in 2021 and 2022 amid massive spikes in the prices of their respective MANA and SAND tokens. However, according to DappRadar, Decentraland only had 5.5k unique active wallets interacting with its smart contracts in the last 30 days.

Over the same time period, The Sandbox only had 7.4k unique wallet interactions. Its thus safe to say that neither metaverse has managed to attract a mainstream audience. However, a new project, which takes a more playful approach to the decentralized metaverse, has arrived to rekindle excitement in the niche.

RobotEra i