The project SandBox seems more promising. For me, ApeCoin is just an attempt to capitalize on the dying NFT Bored Ape hype. When viewed from the perspective of development, SandBox is much better. In contrast to ApeCoin, it is a serious project.
That's really why Apecoin has been made, there's still the hype for BAYC when it was made and that has generated a lot of money to the developers of it.
There could be benefits and use cases for the owners and holders of it but I just don't want to buy into the hype. Sandbox and Apecoin are into Metaverse but the attention there is decreasing.