NEWS
What - or Where - Is Decentraland?

2018-02-19 09:36:04
by Dominic Brown
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Short Description / Article Intro

Decentraland is a virtual platform that puts power in the hands of its users. Users can purchase land via the Ethereum blockchain, and can also build their own virtual worlds, which can easily be accessed by anyone on the public blockchain. The blockchain is decentralised and users have full control over, and ownership of their virtual worlds.

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Land bought in the game is represented by a digital token and secured by a smart contract. Decentraland\'s users can use their land to build applications and spaces.

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Users can buy land using the official Decentraland crypto, which is called MANA, an ERC20 token. Users can also use the token to buy things within Decentraland\'s virtual reality. In addition, users do not have to pay any hidden fees to access the network.

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Decentraland recently held their Terraform Event, where users received their LAND tiles. The company also have several ideas in the works for the virtual world; they are currently working on developing a chat group for users of the network, and avatars that can be accessed by multiple players. In late 2018 and early 2019 the company will be looking to bring a 3-D version of the game to the marketplace, with full VR support.

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