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Here's the only type of alpha leak I'm good for: video game assets. Today's episode is @TheSandboxGame $LAND
Thread:
Thread:
1/ These are the very rough, fully-diluted (sort of) market caps of digital LAND based on recent avg prices from http://nonfungible.com :
- Decentraland: $100M
- CV: $3M (not finished minting)
- Somnium Space: $7.5M
- Sandbox: $10M
Sandbox is currently top of the bottom Tier
- Decentraland: $100M
- CV: $3M (not finished minting)
- Somnium Space: $7.5M
- Sandbox: $10M
Sandbox is currently top of the bottom Tier
2/ These values were also based on resale prices on OpenSea, if you buy in during one of the pre-sales this week Sandbox $LAND is valued at something more like $6M. My thesis is @TheSandboxGame can easily get to the level of DCL; but I actually expect it to far surpass DCL.
3/ The base differentiator to me is the team. Nothing against DCL's team, but @TheSandboxGame has already developed a successful mobile game with 40M+ downloads, and to top it off this new game is basically just a 3D version of their already proven concept.
4/ The game itself, however, is what I'm excited about. I think of it as an app store for game development. Each individual contribution to making a game will be compartmentalized and monetizable (if you are an artist you can make money by simply selling voxel models)
5/ On top of this, they've made software which reduces the barrier to entry for creating games and models. VoxEdit and the GameMaker both are programs for creating games with no prior experience; GameMaker is the first of its kind I've seen that requires zero coding knowledge.
6/ I expect this strategy to turbocharge world development by bringing in more artists, developers, and gamers, and letting them do what they do best (and only that). This world will be much more immersive and developed than DCL within 6 months.
7/ The game hasn't even launched, and they are already seeing this strategy pay off. Twitter follower count has been growing at ~10x the rate of DCL for the past two weeks, and should eclipse DCL in total count over the next few months:
8/ My last point is simply that the market that Sandbox is targeting is much larger. It is focusing on gaming, which is a $30B+ market. DCL is great but its mostly crypto-centered. This could end up winning, but I'm personally excited for mainstream uses of this tech.
9/ Anyway, the thesis is Sandbox $LAND can 15x from pre-sale price to reach DCL levels within a year, and there may be even more upside. But yes, this is a moonshot so take with a grain of salt.
