What is Decentraland? A Beginner’s Guide to a New Virtual Reality.
We’ve seen a lot of people ask what is Decentraland? Why is it significant? How do I make money with #Decentraland? This article will attempt to answer these questions and more. It was extremely challenging to try and condense the information about Decentraland into a short paragraph, so we thought it might be helpful to share our thoughts in a little guide.
🌎Decentraland is a virtual world and community based on blockchain technology. Users develop and own plots of land, artwork, and #NFT. Members also participate in the platform’s Decentralized Autonomous Organization #DAO.
👉As a DAO, Decentraland gives its #community the power to participate in the project’s governance. Decentraland’s native #cryptocurrency, #MANA, and all in-game assets are on the #Ethereum blockchain.
📈Decentraland’s developers Estaban Ordano and Ari Meilich have created a virtual space containing digital real estate parcels, items, and other customizable assets. All of these are purchasable using #MANA, Decentraland’s ERC-20 #token.
🤑Non-fungible tokens represent in-game collectibles, including clothes, items, and the game’s virtual real estate, #LAND. Users store these tokens in their crypto wallets and sell them to other users on the Decentraland Marketplace. To buy yourself a new facemask, for example, you’ll need to get your hands on some MANA, Decentraland’s native cryptocurrency.
📚So, what’s Decentraland? And why should you care? Simply put, it’s a virtual platform that uses blockchain-based transactions to help you buy and sell land. Using tools like 3D modeling, users can create whatever they want within the limits of their imagination. So far, the only limit that we have seen is the sky itself. It’s not hard to believe that this could be a very big deal in the long run, especially with what they are planning for the MMO gaming world.
