Decentraland: The virtual destination for digital assets

Decentraland is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.

  • Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. It was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.

The game was poorly reviewed by numerous outlets for its technical shortcomings and low player count.

The finite, traversable, 3D virtual space within Decentraland is called LAND, a non-fungible digital asset maintained in an Ethereum smart contract. Land is divided into parcels that are identified by cartesian coordinates (x,y). These parcels are permanently owned by members of the community and are purchased using MANA, Decentraland’s cryptocurrency token.

This gives users full control over the environments and applications that they create, which can range from anything like static 3D scenes to more interactive applications or games.

Key Resources & Readings:

What is Decentraland? (MANA) | Kraken › learn › what-is-decentraland-m...

Introduction - Decentraland Documentation › decentraland › introduct...

Decentraland: A Virtual World Built on Ethereum | Gemini › cryptopedia › decentraland-...

What is Decentraland (MANA) | History, Roadmap, Economics › asset › decentraland › profile

Disclosure. The content on this website is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer by us or any third party service provider to buy or sell any securities or other financial instruments. We are not a broker or dealer under the Securities Exchange Act of 1934, nor are any transactions proposed or described on this website purported or intended to be conducted through a regulated commodity trading entity under the Commodity Exchange Act of 1936.