Decentraland

Decentraland

9.3
(2 reviews)

My review

Ethereum
Beta
Decentraland
Metaverse

Decentraland (MANA)

$0.85342369 (-0.91%)
Developer Decentraland
Market Cap $1.58 B
Volume $227.10 M
Website decentraland.org
Whitepaper

Contract

ETH
0x0f5d2fb29fb7d3cfee444a200298f468908cc942
xDai 0x7838796B6802B18D7Ef58fc8B757705D6c9d12b3
Solana 7dgHoN8wBZCc5wbnQ2C47TDnBMAxG4Q5L3KjP67z8kNi

Introduction

Decentraland is a free-to-play virtual reality platform powered by the Ethereum blockchain using the MANA token. Users can create, experience, and monetize content and applications. Land in Decentralands is permanently owned by the community, giving them complete control over their creations. 

Gameplay

The game world of Decentraland is divided into 90.000 units of LAND, which were purchased when they were auctioned off at launch. However, it can be bought and sold in the marketplace. Users can claim ownership of virtual land on a blockchain-based ledger of parcels. When users purchase LAND, they purchase an NFT that goes directly to their cryptocurrency wallet. This token grants the user ownership of their LAND parcel, which is like a deed. LAND is a non-fungible, transferrable, scarce digital asset stored in an Ethereum smart contract. It can be acquired by spending an ERC20 token called MANA. MANA can also be used to make in-world purchases of digital goods and services.

Landowners control what content is published on their portion of land. Contents can range from static 3D scenes, videos, images to interactive systems such as games. Users and companies can host events like parties, casino nights, virtual gallery launches, and game tournaments. Once a player owns a parcel of LAND in Decentraland, they can become a builder, adding scenes or entire environments to the LAND. No coding is necessary since Decentraland comes with a large pool of pre-built scenes applicable to any LAND.

Another unique feature of Decentraland is that it is a peer-to-peer (P2P) and scalable platform that uses multiple servers, making it the perfect solution for enterprise use. Companies that want to simulate real-world communication dynamics in virtual space have access to in-game advertising, property allocation, monetizing, and more when they use Decentraland.

Token Information

When players enter Decentraland, they can fully customize their avatars. There are hundreds of free outfits to choose from, or players can choose to spend some MANA to purchase unique clothing items and create an avatar with its own personality. Each avatar has a Decentraland passport, which connects to an Ethereum compatible wallet where all the player's MANA and items are recorded.

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Tokenomics

40%

ICO

20%

Decentraland foundation

20%

Team & Early Contributors

20%

Community & Partners

IDO ICO PRV
DATE
PRICE
RAISED
LOCK UP
TOTAL SUPPLY
ICO17-19 Aug 2021$0.024 $24,137,000.00 The annual increase in the MANA supply will be 8% for the first year and a lower rate in subsequent years until reaching 60% of the remaining MANA tokens.2,194,102,327

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