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.
Introduction to Decentraland.
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
Ari Meilich
Project Lead
Diego Doval
Esteban Ordano
Technology Lead
Giotto De Filippi
Jake Brukhman
Luis Cuende
Xiaolai Li
Further reading
Brave New Coin
Luke Parker
Web
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
Decentraland: The virtual land selling for millions - BBC Stories
August 27, 2018
Founders Interview: Decentraland - Virtual World on Ethereum
Companies
References
Decentraland
Software
Proof-of-work system
Decentralized application (dApp)
ERC-20 Token
ERC-721 Token StandardCategories
Related Topics
EthereumEthereum is an open-source, public, distributed blockchain computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.
BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Contributors
- 1
Dawson Sewell
Seeking to explain science and technology through simple writing. - 2
Michael Naval
Knowledge seeker - 3
Alex Dean
Masters in Biostatistics/Epidemiology @ UC Berkeley | BA in Biology @ Wesleyan University - 4
Daniel Frumkin
Mechanical engineering, cryptocurrencies, AI, and travel. - 5
Jude Gomila
Founder and CEO of Golden, Entrepreneur. Previously Co Founder of Heyzap. Investor in 100+ companies. Cantabrigian (Gonville and Caius). - 6
Tianchang He
Stanford EE MS, interested in machine learning, front-end and all things tech.
