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
https://www.kraken.com › learn › what-is-decentraland-m...
Introduction - Decentraland Documentation
https://docs.decentraland.org › decentraland › introduct...
Decentraland: A Virtual World Built on Ethereum | Gemini
https://www.gemini.com › cryptopedia › decentraland-...
What is Decentraland (MANA) | History, Roadmap, Economics
https://messari.io › asset › decentraland › profile
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