Virtual World Built on Ethereum

Estimated read time 1 min read

Decentraland is a unique Ethereum-based virtual reality platform where users can immerse themselves in a community-created world. It offers a space where players can play, explore and interact with various games and activities. In this user-owned digital world, creativity is limitless. Users can acquire and develop land, create environments, marketplaces and applications, as well as create and sell wearables, artwork and non-fungible tokens ( NFTs ).

As a decentralized virtual world, Decentraland allows its members to participate in governance through the Decentraland DAO , a decentralized autonomous organization. This governance model gives users a voice in the direction of the project. The platform’s economy is supported by three proprietary tokens – MANA, LAND and Estate, each with a unique role.

Decentraland sets itself apart in the digital market by offering more than just “play to earn” game mechanics. While traditional video games often limit player ownership and influence, Decentraland allows players to own in-game items and earn money by integrating blockchain technology into its foundation. This approach not only adds an economic dimension to gameplay, but also facilitates the creation of a full-scale digital analog of the physical world.

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