PS, a quick note to join our Private Discord for cryptocollectible traders where we talk NeoWorld, Decentraland, Gods Unchained or any other platform we can learn to grow our wealth.
I’m a heavy Decentraland Investor and if you’ve been following my blog/twitter you would know it’s been a safe haven for many during this years BTC downswing.
Decentraland’s Second Auction just finished up a week ago with 106Million MANA spent, (~$5M). All MANA raised was burnt.
So when NeoLand announced their own auction, it had me interested. Neo was the first every crypto investment that ‘mooned’ for me.
My $6 Neo went to $30 real quick and had me on the edge of euphoria every night, (I literally couldn’t sleep for that week).
So a world like Decentraland utilizing the NEO blockchain and community? Hell yeah! Could this also be a gold mine for first round investors? I tried to dig deep to see what the potential could be.
In this blog post I do a comparison between the two projects and break it down in terms of,
Intro to both Projects | What’s the Difference?
Gameplay and Technicals
Community Size, Buzz and Momentum
Developers, Investors, Partnerships and Funding
Disclaimer: Crypto projects can be HIGH risk and you could potentially lose a lot or even all your money. All information in this article, youtube video and blog in general is based on my research alone and should not be taken as investment advice. Invest at your own risk and always do your own research.
Intro to Both Projects | What’s the Difference?
What is Decentraland?
Decentraland is a Virtual Reality Platform where investors can buy 10x10m plots of land and build any experience they desire on them. They can build, monetize or simply hangout in their Virtual Reality Mansion they’ve developed on their land. Maybe even showcase their huge cryptokitty portfolio
The Decentraland ICO, (for the MANA token), raised $20.7M and sold out within 5 minutes. They later held a land auction which saw 161 Million MANA spent and burnt, (~$8M USD in todays value).
There are ~43,000 private lands that are currently owned. You can buy lands from others on their marketplace and check sales history here.
Here is an in-depth guide as to why plots of land are going for as high as $215,000.
There are around 45 different ‘Districts’, (purple areas), that are dedicated to building all sorts of experiences. From Battleground District and Decentraland University to Festival Land, there seems to be something for everyone.
Green areas denote Decentraland owned land where they will host events and games.
A multitude of Game Developer teams such as Axie Infinity, Etheremon, Cryptocarz and more have partnered to build VR experiences of their games on the Decentraland platform.
What is NeoLand?
NeoLand seems to be quite similar in the sense of being a large world where you can buy land, build things and hang out in an online world BUT there is no current focus on Virtual Reality.
In fact the admin has said, “VR is not our first priority now”.
From the Neoworld Website,
“NeoWorld is a multiplayer online virtual world that runs on blockchain. Here in the 3D virtual environment, players explore new frontiers, create skylines, pursue careers and build wealth, legends and legacies from scratch, just like in the real world. NeoWorld is a social platform where players could not only chat and have fun, but also establish an amazing network of business or personal connections, maybe even forge a community and run for election! Take part in a campaign and be the Lord of your continent!”
It seems to be more of a ‘game’ where the goal is to work together to build your wealth, simulating real world characteristics and business challenges that can be overcome by working together and growing as a character in the world.
‘NeoLand’ itself is just one of the many continents in ‘Neoworld’.
This NeoLand ‘continent?’ is broken up into 9 sections with 900 lands in each that can be purchased. Currently there is an auction going on for the first 900 lands which is the bottom left of the below Map.
Lands in NeoLand are very different to Decentraland. Each can have a certain characteristic such as having a certain resource that can be mined, (lumber, steel, etc), or having the ability to build special building, (CBD land). You can read up more on these on this NeoWorld Medium Post.
Gameplay and Technicals
Decentraland isn’t seen as a ‘game’ per say but more of a Virtual Reality platform where people can develop all sorts of virtual reality experiences whether they are games, hang out places, clubs, events, educational facilities, etc.
dclplaza’s does a great job at listing many community builds on their ‘buidl page’. This would be a great place to see what is currently being built by community members.
There are about 7-10 different game developers that are currently committed to build VR experiences, I will list all these in another section of this blog post.
For example Etheremon is building a battle stadium,
To be able to build on a land, you must own any 1 of the43,689 private 10x10m lands. These are all currently owned and can only be bought from another owner.
As stated before, each purple section is another ‘district’ which is basically a project being lead by a developer or team. Some of these districts have gone on to secure funding from large investors such as Vegas District being co-funded by Metaverse Holdings and Decentraland.
To see a breakdown of each district you can check out the ‘district’ page on the top right of this blog.
Each Land Token is an ERC-721 Non-Fungible Ethereum Token and can be stored in your wallet, thus keeping 100% ownership of your land.
The in game currency to be used in Decentraland is to be MANA which currently has a market cap of around $50M and is ranked #74 on Coinmarketcap,
MANA itself is listed on a ton of big exchanges including coinbase pro, bitfinex, bittrex, binance, huobi, and plenty more which validates the strength of the project.
Binance have run competitions in the past where you can win MANA and LAND if you were to use their mobile ‘Trust’ wallet to trade.
Decentraland have a strong current focus to promote devs to build on the platform using the SDK and are going to actively run marketing efforts towards bringing new developers in 2019.
Although you can currently build experiences you can not import them on to your land just yet. Alpha testing is currently going on with an expected date of world release to be Q2 2019.
It’s important to re-iterate that NeoLand and NeoWorld are two different things.
NeoLand is a small continent or part of the overall NeoWorld and it’s only this small continent that has partnered with NEO and will be building on the NEO blockchain with NEO used as the in-game currency.
NeoWorld itself will use an ERC-20 token called NASH as the in-game currency you can do jobs and trade to earn. They are yet to decide on a blockchain to build out their functionalities. This part is from their website,
“NeoWorld will migrate partial functions, e.g. community voting, to the best-fit public chain then, e.g. NEO, Zilliqa or EOS. Third-party content upload and review (by the community) functions will be incorporated into the program and the economy.”
Whereas NeoWorld is using the NEO token to bid on their auctioned parcels which has done quite well for them in bringing interest from the NEO community.
Although you download the game on PC or mobile and traverse/interact with the land, you cannot build custom experiences.
The open API and SDK is scheduled to be released in Q1 2020, (more than a year), so developers can create interactive contents and mini-applications.
So although they are ahead of Decentraland in terms of being able to explore the land and have people interact within the world they still have a long way to go to build the mechanisms in place to have people building custom experiences.
NeoWorld is trying to be a close simulation to the real world. They even have the concept of distance where to get from one place to the other you can use public transport, hop in a car or walk parcel to parcel.
As stated previously land can have different characteristics,
Each land seems to have different values and people will need to work together to get resources to build structures.
Decentraland LAND ownership has been out for over a year where your LAND is an ERC-721 token that can be traded between wallets.
Decentraland has been doing enormous volume. Here is a breakdown of it’s last 7 days leading up to the New year.
Plenty of 1Million MANA+ days, ($50,000 – $100,000+ days).
There have been a lot of Decentraland land flippers making small fortunes trading land. If you’ve been following my work, blog, case studies, you would know that I myself am a large flipper and have made more than 6 figures buying and selling land in Decentraland, (which is why I’m scouting potential for NeoLand to possibly be another fruitful marketplace).
nonfungible.com shows Decentraland sales history so you can check at any given time, how much land has sold in the last 24 hours, 7 days or a month.
It gives you a good indication of the health of the project.
During the first auction a year ago many people picked up land for 1,000 MANA. Now, the cheapest is around 10,000 MANA so for those that bought many parcels would have easily 10x’d by holding till now.
I got into Decentraland just after the first auction so had to buy off others. I was buying privately at 3-5,000 MANA a parcel of land so although I didn’t make my money being an early investor, I was able to buy in bulk for cheap and sell it to the right interested owner who specifically wanted to set up where I had my lands.
Around $5M USD was spent in the second auction which just finished up just over a week ago which still shows there is plenty of interest in Decentraland land.
Currently, NeoLand land ownership is not denoted by a token. Trading will commence once the world opens up. Although, People in NeoWorld have been trading land.
Currently, over 100,000 lands have been bought in NeoWorld, (not NeoLand). The price has been fairly cheap
We will have to see what the investment potential will be with NeoLand but currently there is quite a lot of demand for their parcels.
I’m still stuck on NEO being $200 so my brain picks these up as being quite pricey!
But in reality it seems the average parcel goes for $50 – $150 which is still pretty decent.
Only time will tell whether these will be a good investment once the trading platform opens. I personally am waiting for this and haven’t invested yet.
Especially considering there are still 8 more lots of 900 parcels to be auctioned off so this kind of momentum needs to continue.
Community Size, Buzz and Momentum
Decentraland Community Size
Analyzing community size is one of the best forms of seeing whether or not a certain dApp has potential. Especially for a cryptocollectible/blockchain game.
Decentraland has an active community of about 8,300 discord members which is the biggest for a Blockchain DApp, (is there any bigger I’ve missed?).
Previous to this they used to be active on rocket chat which had amassed 20,000 members before they made the switch sometime back in March to Discord.
They have about 6,000 members on Reddit and around 2,700 members on telegram but aren’t half as active there as they are in Discord.
The Decentraland Twitter is also quite big with about 42,000 Twitter followers and highly engaged tweets.
Within Decentraland there are districts that have their own discords, websites and community chat groups.
For example, Dragon City District which makes up a huge chunk of the south east part of Decentraland is mostly where Chinese investors hangout.
They have their own WeChat and QQ groups and according to an interview recently published by the Dragon City team, there are 1,000’s of members.
“At the moment, we have 6 official wechat groups, every group has close to 500 people (Wechat has a limit of 500 persons per group). We have various other Wechat groups for different purpose (Landlords, Developers, Dragon City, Dragon Kingdom etc. ) We have 2 QQ groups, which have 2,500 members each.”
Now, I’m not going to go through the group sizes of each individual districts but there definitely is a ton of activity going on for at least, the large districts.
Probably, the biggest indicator of success is their daily land sale volume. There have been many $100,000+ land sale days. Some investors come in and put down $50,000+ for their Digital real estate and there has been a good 5-30 land sales daily with average price of $500 – $2,000 since the marketplace has been open for trading.
The first Auction saw over $10M spent on Digital land and another $5M spent on the second auction. Up to the run up till the auction Decentraland did some heavy marketing including trade competitions and partnerships with Binance, Aelf, Zilliqa, SNT, MakerDao and more to bring these communities to the auction.
They have also been covered by BBC,
As mentioned before there is over 40 Districts committed to building content with 1,000’s of private land owners who can either build content themselves or rent to someone that will.
Decentraland Wallet Holders
There are over 20,000 Holders of the MANA token and over 2,500 LAND owners. Although etherscan incorrectly displays LAND owner stats, there has been many multiple counts by community members to bring out the right numbers.
NeoWorld Community Size
NeoLand itself is pretty new so it’s not fair to compare current community sizes. Although it’s still important to gauge momentum and interest. There’s not much to say about the community other than it’s small Telegram group with 469 members as I write this.
NeoWorld members however are quite active. They mostly hang out on wechat and QQ as well. Here’s a snapshot of their QQ, (1,236 members).
It’s also leveraging off the NEO community so once they release the english client, there should see more momentum with the NEO community, which is over 90,000 members strong on Reddit!
Reddit is mostly seen as a western social medium so it will be interesting to see how they respond once the client is released in english.
NeoWorld however has been out for 6 months, mainly for Chinese Players and according to their members, boast 15,000 Daily Active Users! That’s a pretty big number for a game so early in Development.
There’s not much to comment on momentum because again, NeoLand is still undergoing it’s first land auction so we only have the impressive Auction contribution numbers to go off.
Partners and Connections
Decentraland has some very strong investors. From the likes of DCG, (Barry Silbert is CEO), who has recently announced their subsidiary ‘Metaverse Ventures’ that was created to invest exclusively on products and services built on Decentraland.
“Since the start of 2018, Grayscale, owned by Barry Silbert brainchild Digital Currency Group (DCG), has seen its Bitcoin coffers swell by 30,600 BTC to 203,000 total, now accounting for more than 1% of the asset’s total circulating supply.”
Other investors include the likes of Kenetic Capital, FBG Capital, CoinFund, and Hashed.
Animoca Brands recently partnered with Atari to Bring Rollercoaster Tycoon and Goon Squad to Blockchain. They also partnered with Decentraland to bring two titles to the platform. Could these two titles be the ones?
The Neoworld team are a famous game development company, which has also published a traditional sandbox game for more than 7 years in China. Here are some words from a NeoWorld Player in the Telegram,
“Terrence Shen, founder of NeoWorld, is also the founder of the sandbox games Pikatang and Pickup Hall 3D. Pikatang has been in operation for 10 years since its launch in 2008. With over 80 million users, it is the most sustainable and commercialized sandbox online game in China. Now the team is committed to the practice and promotion of blockchain game application landing, and launches the world’s first blockchain sandbox game project – NeoWorld. Right now, I believe there are more than 20 members and the game has been evolving a dozen of times for the past six months. The team is super remarkable in user interaction, vision and innovation. So that’s why I would like to jump at the chance to participate.”
There is also a list of partners at the bottom of the website but am not 100% sure exactly what these mean.
The progress of both worlds should be celebrated as they both are venturing out into the open space to explore the potential of blockchain and the gaming industry.
It’s easy to hate one because you’re invested too heavily, (often emotionally), in the other. I always try and keep an open mind and look at how projects are progressing. If you write something off simply because it’s a competitor you are limiting your investment potential.
Decentraland is definitely way ahead in the blockchain space and from its outset focussed its attention to the west and thus, did well in securing many strong partnerships.
We will have to wait and see how NeoLand will fair once they announce their English Version on January 19th.
As always, do your own research before investing in any of these. This article is based on my own limited research and I could have missed many important points that could effect your investment. Make sure you read both white papers, chat to admins and know exactly what you’re getting into.
Other than that, share this piece if you found it helpful!