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.
Initial Coin Offering
On August 18, 2017 Decentraland had their Initial Coin Offering (ICO) and raised $26 million in 30 seconds.
Giotto De Filippi
Brave New Coin
Decentraland White Paper: A blockchain-based virtual world
Esteban Ordano, Ariel Meilich, Yemel Jardi, Manuel Araoz
People are paying insane amounts of real money for "virtual real estate"
Unknown Buyer Paid $215 000 For Virtual Land In Decentraland Project
ICO Brothers Media
Documentaries, videos and podcasts
- 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.