TMS Network’s (TMSN) token presale has made it clear that the hype around metaverse-focused crypto projects like Decentraland (MANA) and The Sandbox (SAND) is continuing to fade. With a more than 1600% price increase so far, TMS Network (TMSN) has established itself as the crypto project of note during the second phase of its token presale.
TMS Network (TMSN)
So, what is TMS Network (TMSN)? TMS Network (TMSN) is an exchange that is built on top of the Ethereum (ETH) blockchain through a system of smart contracts. This method of building an exchange is oftentimes referred to as a decentralized exchange (DEX) because it allows users to retain custody over their crypto holdings while trading on the platform. Instead of creating an account, users can use TMS Network (TMSN) by simply connecting the app to their wallet.
It should be noted that the concept of a DEX is not necessarily new. In fact, projects similar to TMS Network (TMSN) have been in the works for almost a decade at this point. However, TMS Network (TMSN) is different from these alternative options in that it is the first time a DEX is being built for a wider audience. In the past, DEXs have been too difficult for the Average Joe to use, but TMS Network (TMSN) is hoping to change all of that.
Anyone looking to become a part of the TMS Network (TMSN) community can do so by obtaining TMS Network (TMSN) tokens via the presale, which will also enable access to profits earned by the exchange.
Decentraland (MANA) is one of the most popular and innovative metaverses in the blockchain space. It is a virtual world where users can create, explore and trade digital assets on parcels of land that they own and control. Decentraland (MANA) is powered by the Ethereum (ETH) network and uses its native token, Decentraland (MANA), as the currency for transactions and governance.
But how much does it cost to build a metaverse system as complex as Decentraland (MANA)? According to Appinventiv, a leading app development company, there are several factors that affect the cost of metaverse development, such as the complexity of the features, the design and graphics quality, the scalability and security requirements, and the platform compatibility.
Appinventiv estimates that the average cost of developing a metaverse like Decentraland (MANA) can be up to $1 million, which is positive for the protection of Decentraland (MANA) from competition but also negative for the proliferation of the metaverse concept as a whole.
The Sandbox (SAND)
The Sandbox (SAND), a decentralized gaming virtual world powered by Animoca Brands, has teamed up with Ledger Enterprise, a global security platform for digital assets and Web3. The goal of this partnership is to provide security solutions to enterprises that want to join The Sandbox (SAND) and create or use digital assets.
The partnership will involve several initiatives, such as:
- Enabling Ledger Enterprise clients to access The Sandbox (SAND) as a dApp and own or use LANDs from its ecosystem
- Adding a widget for The Sandbox (SAND) in the Ledger Live desktop app
- Creating synergies between The Sandbox (SAND) and Ledger Enterprise by recommending each other’s services to their respective clients
- Moving all NFTs in The Sandbox (SAND) collection wallet to a more secure Ledger Enterprise wallet
While Decentraland (MANA) and The Sandbox (SAND) are continuing to make moves and push forward in the metaverse space, it’s still unclear if this virtual reality phenomenon will come back around this crypto market cycle. Going forward, TMS Network (TMSN) looks to be a safer bet due to its focus on crypto asset speculation on Ethereum (ETH).
To learn more about the TMS Network (TMSN) presale, click on the links below: