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Decentraland

Decentraland

Decentraland is a blockchain-powered virtual reality platform powered by the Ethereum blockchain.

Decentraland is a blockchain-based virtual reality platform for artists, gamers, students, and online communities that is powered by the Ethereum blockchain. It enables users to create and monetize their virtual reality content and applications. Users use the cryptocurrency used for payments on Decentraland called MANA to buy empty land parcels (10 meters by 10 meters) within the Decentraland environment, and allow users to build virtual environments within these plots of land upwards without any limit. Decentraland uses the Ethereum blockchain to maintain a record of ownership, store information, and store content for its users creating virtual reality environments using the Decentraland platform. Every transaction on Decentraland is validated through Ethereum smart contracts.

Funding

Initial Coin Offering

On August 18, 2017 Decentraland had their Initial Coin Offering (ICO) and raised $26 million in 30 seconds.

Partners

Timeline

People

Name
Role
Related Golden topics

Ari Meilich

Project Lead

Diego Doval

Esteban Ordano

Technology Lead

Giotto De Filippi

Jake Brukhman

Luis Cuende

Xiaolai Li

Further reading

Title
Author
Link
Type

Decentraland White Paper: A blockchain-based virtual world

Esteban Ordano, Ariel Meilich, Yemel Jardi, Manuel Araoz

Academic

People are paying insane amounts of real money for "virtual real estate"

Victor Tangermann

News

Unknown Buyer Paid $215 000 For Virtual Land In Decentraland Project

ICO Brothers Media

Web

Documentaries, videos and podcasts

Title
Date
Link

Decentraland: The virtual land selling for millions - BBC Stories

August 27, 2018

Founders Interview: Decentraland - Virtual World on Ethereum

Companies

Company
CEO
Location
Products/Services

References