Decentraland

Overview of Decentraland

Decentraland is the first virtual platform owned by its users.Grab a VR headset or use your web browser and become completely immersed in a 3D, interactive world.There are plenty of opportunities to explore or even create your own piece of the universe.

Decentraland users are free to trade goods and buy services, create an avatar and own pieces of LAND, auction unique items like NFTs, create communities and games that can be monetized, and vote for future changes in the protocol.

Decentraland is a shared virtual world, much like the Metaverse described by author Neal Stephenson in his science-fiction novel Snowcrash or the OASIS described by author Ernest Cline in Ready Player One.

Decentraland briefly took crypto center stage in July when it’s announced a partnership with Samsung which would be supporting Decentraland NFTs along with its marketplace in the Samsung Blockchain Wallet.

Decentraland has become a hotbed for NFT art because it allows artists to set up their own virtual galleries where people can browse by and even talk directly with the artist in-game via voice chat.

Decentraland's great promise is that blockchain can be fun and engaging, just like regular gaming, but also help people gain access to property ownership in ways only blockchain could enable.

Decentraland has hosted many parties and scavenger hunts in the past for the most recent party being their one-year celebration, and the most recent scavenger hunt taking place at last Halloween.

Decentraland was co-founded by Ariel Meilich and Esteban Ordano — both of whom have stepped down from major positions at the project, but still work alongside Decentraland as advisors.

Decentraland is still a large, mostly solitary world, but I don’t think it’s a detractor – if anything, it’s an avenue for my imagination to run wild and be at peace.

Decentraland’s LAND is not.) According to Anorak, the cost of a chunk of LAND in the game is so high, that a lot of players say they can’t afford to buy in. 

Blockchain

A layer 2 sidechain on the Ethereum blockchain Polygon — formerly known as Matic Network — continues to help in addressing the networks’s congestion issues after announcing the launch of a DApp portal with virtual world Decentraland.The portal allows users to transfer MANA — Decentraland’s native cryptocurrency — to Polygon.Decentraland is an online world that allows users to interact with each other, including social events such as casino nights and even a recent Easter egg hunt.It is governed by a decentralized autonomous organization (DAO). 

Mine

Stumbling upon a deserted Area 51 or floating on a psychedelic flower, pulsing and undulating underneath cotton candy skies, is the kind of weirdness that Decentraland ropes you in with.As a “decentralized virtual reality platform powered by the Ethereum blockchain,” Decentraland is the poster child for VR in Web 3.0.While it might resemble an economized Roblox or trippy Minecraft, Decentraland has more substance than pure crypto hype.

Network

On the other hand, Esteban Ordano is Decentraland's former tech lead and has a long and varied history in the cryptocurrency space working as a software engineer at BitPay, Inc., an advisor to Matic Network and briefly operated his own smart contract development firm known as Smart Contract Solutions.

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Transactions

There is also a range of further burn mechanisms in place to further reduce the circulating supply of MANA, including a 2.5% MANA burn on Decentraland marketplace transactions.

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Can Enterprises Use Decentraland?

Decentraland is scalable via P2P connections and multiple servers, making it ideal for enterprise use.In-game advertising, property allocation and monetisation, and in-word events hold a lot of promise for companies looking to simulate real-world communication dynamics in a virtual space, particularly if you are in e-commerce, AEC, or a 3D product business.

Come si diventa un Crypto Artist?

Cosa sono gli NFT?
Come si acquista e vende un’opera di Crypto Art?
Su quali Piattaforme?

Art Rights, in collaborazione con Andrea Concas e ProfessioneARTE.

Decentraland: making blockchain-based virtual reality, a reality?

I just caught a clip from the BBC about Decentraland, a virtual world where you can buy plots of land and next year become part of a virtual world.This world will be owned by its community, has no central authority, is completely decentralised and will flourish in the net.So far it’s users to buy 90,000 plots of land at a value of $28 million.Today, some plots of land are selling for almost $1 million each.Incredible.

Did you know?

Land parcels have been selling for thousands of dollars.

Did you know?

From January 21, 2018 through October 22, 2018, Decentraland recorded close to 39,000 transactions representing $23.5M in MANA spent.

How do I start building?

Decentraland’s world editor is a Unity plugin that connects to the local Decentraland node, allowing users to create 3D content with a familiar game engine directly within Decentraland.

How does blockchain help a virtual world?

The principle commodity of Decentraland, as you might guess, is land.

How Does Decentraland Work?

On the visible level Decentrland works by allowing players to interact with the non-fungible assets known as LAND on the platform.These parcels of LAND, of which there are 90,000 in total, can be purchased and sold.More importantly, the owners of LAND are able to create on them.They can be used as the containers for games, applications, gambling services, creative 3D scenes, informative sites, literally, anything one can think of.

How Does Decentraland Work?

Similar to games like Skyrim and Fallout, Decentraland is an all-immersive virtual universe.However, instead of playing on a two-dimensional screen, you participate in a three-dimensional world.It seems to be the logical next step before creating full-blown AI-based games in the physical space, à la Westworld.

How Does Decentraland Work?

As described, Decentraland is a virtual world.You can compare it to popular games like Skyrim and Fallout.But in Decentraland, you aren’t playing on a 2D screen.Instead, you are actively participating in a 3D world of Decentraland.

How is Land Valued in Decentraland?

The valuation of land on Decentraland follows the same pattern as to how land valuation works in the real world.Just like in the real world, the location of your land will play a crucial role in deciding its price.The other crucial factor is the development of the land.So, a combination of the location of your land and development on it will influence its prices.

How Is the Decentraland Network Secured?

MANA is an ERC-20 token.This means it is based on the Ethereum blockchain.

How Many Decentraland (MANA) Coins Are There in Circulation?

As of January 2021, just north of 1.49 billion MANA tokens were in circulation.This is equivalent to around 68% of the current total supply of 2.19 billion MANA.

How to buy land in Decentraland?

LAND is bought using Decentraland’s cryptocurrency MANA, also an in-world currency.This virtual land is permanently owned by users until they want to sell it.No central entity can take over the land once it's sold, preserving the game's decentralized ethos.By using a distributed ledger, with smart contracts containing content or links to user’s files and creations, all the platform’s data too, remains decentralized.

How will it solve these problems ?

Decentraland has created two tokens, MANA and LAND, which allows users to interact on the platform.The MANA token can be used to purchase goods and services in the game, where the LAND token is used to represent individual ownership of land parcels.

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What are the Benefits of Using Decentraland?

The implications of a fully virtual universe like Decentraland are immense.It makes it possible to create, inhabit, and earn from VR assets and services offered in VR.The platform also features a number of interesting events such as game launch parties, casino nights, virtual gallery launches, etc.

What are the Key Features of Decentraland?

As the name suggests, Decentraland seeks to recreate a free market economy in a virtual space using blockchain.For example, it contains Decentral Games, a metaverse casino that is owned and monetised by users.This VR world’s economy is based on a cryptocurrency called MANA, owned and fully tradeable by its users.

What are the use cases for Decentraland?

Decentraland pretty much works as a virtual reality game based on blockchain technology.Everyone in the platform can create an avatar, buy parcels of LAND, trade, buy and sell goods and services, as well as participate in its governance with votes.Decentraland’s tokens have intrinsic, real-life value, so they can be traded in the real market.Decentraland users are free to trade goods and buy services, create an avatar and own pieces of LAND, auction unique items like NFTs, create communities and games that can be monetized, and vote for future changes in the protocol.

What can you do with MANA?

The cryptocurrency MANA is a utility token, like LAND, and will be used in Decentraland’s world.Tokens will be used to pay for land, avatars, items, collectibles, and for entertainment like gambling.The ability to earn MANA is an incentive for developers to create and manage good content.MANA is also an ERC-20 token that can be bought and traded on cryptocurrency exchanges.

What Is Decentraland (MANA)?

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

What Is Decentraland (MANA)?

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What is Decentraland and How is it Different?

The opportunity for ownership is what separates Decentraland from other VR platforms.It’s what makes it different.Users, not corporate heads own the decision-making process for the platform via the DAO.And users also get to own the parcels of this digital landscape.They keep all the proceeds generated by other users on their LAND.This is a generous alternative to other platforms that always take a cut.All in all, the good news is there is no central authority hovering around to impose their agenda.

What is Decentraland’s Biggest Potential for Risk?

The risks of investing in digital land are similar to buying real estate anywhere in the real world.An owner might end up with a dog of a piece of property that they can’t unload if the neighborhood deteriorates.Or maybe a new section pops up that snakes all the traffic and reduces a previous hotspot into a virtual ghost town.

What is Decentraland’s DAO?

Decentraland’s decentralized autonomous organization or DAO controls some of the main assets and smart contracts on the platform.This includes the content servers, the LAND contract, as well as large bags of the MANA token.This provides the DAO with the necessary funds and degree of autonomy it needs to subsidize select initiatives.

What is Decentraland’s LAND?

LAND’s utility and value depend upon its proximity to attractive attention hubs.Content developers buy LAND to create their content and connect with their followers.As mentioned, the available digital land is finite.And as they say in the traditional world of real estate, “they aren’t making any more of it.

What is Decentraland’s MANA Token?

MANA is an ERC-20 token, so there are plenty of wallets available that can store it.Also, it has a fixed supply.So, the more users spend, the less there will be in circulation.That bodes well if more people pour into Decentraland to buy LAND.That will cause the demand for MANA to increase.Increasing demand coupled with a decreasing supply typically leads to equals higher prices.And that will always be good for holders of the MANA token.

What Is Decentraland?

As mentioned above, Decentralland is a decentralized, online VR world similar to Second Life.The big difference with Decentraland is that it runs on the blockchain.It is powered by Ethereum and was created to support the creation, development, hosting, and sales of virtual property.

What Is Decentraland?

Decentraland is an Ethereum-powered virtual reality platform.In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize.There’s no limit to what you can do.It’s the first digital platform that’s completely owned by its users.

What is Decentraland?

Decentraland is a decentralized virtual reality platform powered by Ethereum.Basically, users can buy pieces of land with MANA, its native token, as well as build applications, buy and sell non-fungible tokens, and auction their properties.

What is Decentraland?

Decentraland is a virtual reality world where users can buy and build on parcels of land.

What is Decentraland?

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain.Within the Decentraland world, users can create, experience, and monetize what they build and what they own.

What is Decentraland?

Founded in 2015, Decentraland founders are Ari Meilich and Esteban Ordano.Decentraland operates from San Mateo, California.In its initial days, the Decentraland platform was divided into pixelated grids.The allocation of these grids was done through the Proof of Work algorithm.

What Is LAND?

In Decentraland, the spaces that you interact with are LAND, non-fungible digital assets that you purchase in the game.Once you own a plot of LAND, you’re free to do with it as you choose.You can create games, applications, gambling services, or even dynamic 3D scenes.But, why stop there? Although not its primary purpose, you can also create LAND-based services around education, professional development, tourism, etc.

What Is MANA?

MANA is Decentraland’s cryptocurrency token.It’s an ERC20 token that you use to purchase plots of LAND as well as pay for in-world goods and services.

What is the Atari Casino?

Back in March, Atari announced its partnership with Decentral Games to launch a casino.A platform on which users can play casino games using cryptocurrencies.Reports indicate that the casino is a 3D virtual platform, operating on the Ethereum blockchain via Decentraland (MANA).

What is the difference between LAND, MANA, and Estate tokens?

LAND and Estate are ERC-721 tokens.They represent parcels that you can buy using MANA.The main difference between them and MANA is that they are ERC-721 tokens, which makes them non-fungible.This is essential to understand how it works.NFTs can not act as cryptocurrencies, you can them to build unique items like Avatars, wearables, or unique pieces of land.

What is the LAND token?

LAND is Decentraland’s non-fungible token that can be used to build unique items like Avatars, wearables, or unique pieces in a game.With LAND, users can create digital environments and build applications on it.

What Makes Decentraland Unique?

Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment.

What Problem Does Decentraland Solve?

The founders of Decentraland believe that centralized platforms like Facebook and other platforms hold too much control over the content and data.Centralized platforms have developed a large community of users.They leverage it to extract revenue from them.That is the problem that Decentraland aims to solve.

What problems will this project solve?

Decentraland gives digital ownership over virtual parcels of land.There is a virtual-reality world created over the digital parcels of land.The alternative experience that Decentraland brings creates a more immersive experience around interaction using a medium of exchange on virtually owned lands by its users and creators.

Where are the best Plots of Digital Land?

Content creators will want to buy plots of digital land that best helps them reach their target audience.Remember, that each parcel of unclaimed LAND can be purchased with an exchange rate of 1000 MANA = 1 LAND.

Where Can You Buy Decentraland (MANA)?

The MANA token currently benefits from excellent liquidity and can be purchased, traded or sold on around 100 different exchange platforms.As of January 2021, Binance, OKEx and Coinbase Pro are among the most liquid exchanges for MANA tokens.A full list of available markets can be found in the “Markets” section.

Who Are the Founders of Decentraland?

Decentraland was co-founded by Ariel Meilich and Esteban Ordano — both of whom have stepped down from major positions at the project, but still work alongside Decentraland as advisors.

Who are the leaders of Decentraland?

Decentraland was launched in 2017.It was co-founded by Ariel Meilich and Esteban Ordano, but both the developers stepped down from their positions and transitioned control to its community.They still work in Decentraland as advisors, but the Decentraland Foundation is in charge of all the changes and developments made in the protocol.

Who created Decentraland?

Decentraland was founded by Esteban Ordano and is registered as Metaverse Holdings Ltd and headquartered in Beijing, China.Ordano was a software engineer at BitPay and is credited with co-creating a leading Bitcoin infrastructure library, Bitcore.He has also worked on Copay and led the team that created the Streamium application.Along with other Decentraland team members, Ordano co-founded a blockchain oriented hackerspace called Voltaire in Argentina.

History of Decentraland