Both Axie Infinity and Sandbox belong to the category of digital assets. While the former is an NFT-based multiplayer game, the latter is a virtual world based on the Blockchain network of Ethereum. Axie Infinity has AXS as its native coin, while the SAND token powers the digital economy of the Sandbox metaverse.
Axie Infinity: Multiplayer NFT Game
Axie Infinity is an NFT-based multiplayer game that uses Ethereum’s blockchain network. This game involves a battle scenario where players slug it out with the help of creatures called Axies. These creatures are essentially NFTs made up of up more than 500 different body parts and have the breeding ability to produce their offspring.
The AXS tokens power all transactions on the gaming platform. Along with enabling transactions, these tokens also offer holders the right to participate and vote in the governance matters related to the game.
AXS has put out an impressive show in terms of its growth story since its inception in 2020, and although its recent performance lacks the old spark, experts agree that the project holds tremendous growth potential for the future.
Sandbox: Virtual NFT World
The concept of Sandbox is a little different from Axie Infinity. Sandbox is a metaverse and gaming ecosystem that allows users to create, share, buy, and sell virtual assets and games.
For example, users can buy land in the virtual world and then sell it to other users at a higher price. The platform also allows the creation of 3D games that can be monetized through further trading and selling to buyers. All the transactions on the Sandbox ecosystem are done with the help of the SAND token.
Difference between AXS and SAND
The table given below summarises the differences between Axie Infinity and Sandbox on important dimensions:
Axie Infinity (AXS)
Total Market Capitalization
Which one is the better investment option?
Axie Infinity and Sandbox cater to two different segments within the category of NFTs. Both these projects stand on solid underpinnings and have long-term potential to offer attractive returns to investors.
The choice between the two projects boils down to your interest and alignment within the NFT category. If you love playing online games and have a knack for in-game purchases, then the investment in the Axie Infinity makes more sense.
However, people with a broader sense of creativity will find the Sandbox a more attractive option as the possibilities of building and trading virtual assets are far more extensive here.
As an investor, one important thing to remember is to invest in either of these projects with a long-term perspective. Using the short-term approach to money-making might not augur well, as the tumultuous nature of the crypto will keep you guessing in short to medium term.
Check if Axie Infinity is a good investment.