As the crypto world is not only limited to buying, selling, and holdings, it has also spread its wings in the gaming industry. With the onset of the integration of gaming and cryptocurrencies, the competition among developers has skyrocketed. Now, it is interesting to see who will become the dominator of this sector. In this article, we will mainly focus on comparing Gala and Sandbox, and in the end, we will find out who is going to dominate the crypto gaming space.
What is Gala and Sandbox?
Gala is a cryptocurrency that offers a decentralized platform for digital games and assets intending to stir up the gaming community. It gives an opportunity to create, hold as well as trade in-game commodities.
Gala Games is the company that backs Gala (GALA) cryptocurrency, and it was founded by Eric Schiermeyer, Michael McCarthy, and Jason Brink in 2019.
Similar to Gala, Sandbox is also a blockchain-based digital game offering players to create, build, buy, and sell their virtual assets. Sandbox amalgamates decentralized autonomous organizations (DAO) and Non-Fungible Tokens (NFTs) making a magical decentralized platform for the lovers of gaming as well as crypto. One of the main missions of the company is integrating blockchain into the gaming industry.
Which Mechanism Drives Them?
Gala works on its own blockchain backed by a proof-of-stake (Pos) consensus mechanism. It promotes energy efficiency and scalability with network security and transaction validation. With the help of blockchain’s rigid ledger, transparency, security, and guaranteed possession of virtual items are offered by the firm. This leaves players with a sense of security which helps them to transact their assets without any hassle by using Gala Games.
At the same time, the Sandbox works on the Ethereum blockchain which works with the help of various things including the ERC-20 token, decentralized autonomous organization (DAO), Non-fungible tokens (NFTs), VoxEdit, and proof-of-stake consensus mechanism.
Comparing the both
When we are comparing both platforms, there are various parameters which we should take care of and some of them are listed below.
- Business model- If we talk about Gala, the business model is focused on free-to-play and play-to-earn rewards. And, The Sandbox is based on land ownership and customization.
- Gaming Variety- Gala Games has various gaming varieties like spider tanks, mirandus, town star, and many more. But, here the Sandbox lacks in providing a large scale of variety in gaming options.
- Tokenomics- Rewards given by GALA are token-based economies plus staking and governance at the same time SAND uses land ownership and transactions.
- Investment Potential- The investment potential of Gala Games is in token value and in-game assets. At the same time, the investment potential of the Sandbox is direct ownership and land value appreciation.
Investments
According to the data collected by Crunchbase, there is only one investor for Gala Games, and it is funded by Puget Sound Venture Club but talking about the Sandbox, there are 19 total investors out of which 5 are lead investors. The number of funding rounds raised by Gala Games and the Sandbox is 2 and 6 respectively.
Conclusion
By comparing and analyzing the data, we can conclude that in between Gala and the Sandbox, Gala Games will be the one dominating the crypto gaming space.
