Total Market Cap
Last historical data: 2021-01-22T08:14:08.000Z
Decimal places: 18
Country origin: AR
Genesis date: 2017-09-06
Liquidity score: 52.36
Publi interest score: 0.027
Community score: 38.762
Developer score: 61.008
Coingecko score: 48.219
Market cap rank: 108
Coingecko rank: 64
Alexa rank: 87671
Bing matches: 0
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.
Similar to games like Skyrim and Fallout, Decentraland is an all-immersive virtual universe.
However, instead of playing on a 2-dimensional screen, you participate in a 3-dimensional world.
It seems to be the logical next step before creating full-blown AI-based games in the physical space à la Westworld.
Similar groupings on LAND comprise Districts.
Districts are basically communities that revolve around a shared theme.
For example, there may be a District just for crypto enthusiasts with cryptocurrency apps and services.
The Decentraland team is led by Ari Meilich (Project Lead) and Esteban Ordano (Tech Lead).
Ordano previously worked at Bitpay as a software engineer and founded Smart Contract Solutions, Inc.
Both founders have also worked together in creating Stremium and Bitcore.
Decentraland has been around for longer than you may think.
The team hit their first development milestone, Stone Age, in June 2015.
This was a simple, pixelated grid that allocated pixels to users through a proof-of-work algorithm.
Most recently, they held a Terraform Event in which they sold LAND in the new, 3D world.
MANA is the token used to buy lands in Decentraland.
The Blockchain platform can be incorporated in order to buy or sell the various digital assets available in the virtual world.
An unclaimed land would have the same market pricing on every exchange possible and precisely the developers are on a hunt for such since as they can build on top of it, and attract lot of popularity.
However, one must keep in mind that the land parcels are different from them and each one of them varies according to the various market conditions of that time.
The Decentraland coin isn’t a minable cryptocurrency as it is issued on the Ethereum blockchain, unlike Bitcoin and other similar currencies.
So users looking to engage in some Decentraland mining will be disappointed.
Instead, it was sold during token sales and is now being traded on exchanges.
Decentraland is a virtual reality platform which runs on the Ethereum blockchain.
It provides an infrastructure to support a shared virtual world, consisting of a decentralized ledger for land ownership, a protocol for describing content of each land parcel, and a peer-to-peer network for user interactions.
The Decentraland token is called MANA and can be used for buying land.