In the last months, the crypto market has had a difficult time. A majority of assets follow a bearish sentiment. Some are more resilient than others.
Let’s compare and contrast the two digital assets, $SAND and $NXTT.
Compare Performance
Sandbox ($SAND), has been among the most affected tokens in this cryptocurrency downturn. Sandbox ($SAND) is a gaming platform that creates a virtual world on blockchain. Since the beginning of 2018, its token value has fallen from $6 to below $1.30. This represents nearly 80% of the total loss.
Although $NXTT is the token behind Next Earth has shown relative stability during the bear market, it is only down 38% so far in the year.
NXTT began trading at approximately $0.001 late in January. The current price is around $0.0034.
Many other altcoins have also seen prices drop, especially small-cap altcoins or ICO tokens. So, while $NXTT is down from its peak, it’s actually one of the better-performing altcoins in this market downturn.
Compare the Projects
Both Next Earth and The Sandbox have many things in common. Both projects are focused on creating a virtual world using blockchain technology. However, that’s where the similarity ends.
Sandbox is a platform for user-generated content. Next Earth, however is focused on building an interactive virtual world that is identical to our planet. This allows users to create unique virtual lands.
Next Earth is bringing an ethos of total decentralization and equity to the metaverse, in stark contrast to the likes of Facebook’s Meta, which is being built on centralized infrastructure. Next Earth has committed to giving 10% of the proceeds to environmental projects. In other words, more than $1,000,000 have been given to Ocean Cleanups and other worthy causes.
NXTT’s Future
Next Earth has an extensive and thorough roadmap that aims to realize the project’s vision in the coming years. This team includes experienced individuals with proven track records in the technology industry.
One key element is Next Earth’s positioning as a platform-as-a-service (PaaS). Developers will be able to use Next Earth’s infrastructure to create and customize their applications.
Additionally, the project is moving towards becoming a Dao, and plans to eventually decentralize decision-making to the communities.
Next Earth, in general, is worth following. Their team has great potential and they have an excellent vision. Next Earth is on the verge of becoming the most prominent player in the virtual space.
What’s the Takeaway
In the current market conditions, it’s clear that $NXTT is outperforming the Metaverse industry. Next Earth, however, is focused on solving the biggest problems facing the universe. Next Earth’s commitment to equity, decentralization, and building a replica our planet is all worth paying attention.
George Morina photo