Online gaming is arguably one of the best use cases for blockchain-based technology. The ability to assign traceable and verifiable ownership to in-game items provides tremendous capabilities.
This concept has grown in popularity, and perhaps one of the first games to pioneer the field was Decentraland.
The below is a comprehensive guide on Decentraland – what it stands for, how it was launched, and how to play it in a detailed step-by-step guide.
Quick Summary:
Name: Decentraland
Launch date: 20.02.2020
Tokens and network: Ethereum, LAND, MANA
What is it about: Decentraland is a decentralized virtual platform where users can create, travel, and monetize experiences, content, and applications.
Associated brands and celebrities: Samsung, Australia Open 2022, Digital Currency Group, JJ Lin, and others.
What is Decentraland?
Decentraland brings forward a decentralized virtual reality (VR) platform that’s built on top and powered by the Ethereum blockchain. Within it, users are able to create, experience, and monetize experiences, applications, and content.
In essence, it’s a virtual reality where the 3D land is permanently owned by the community, which provides members with absolute control over their creations. You can log in, create an avatar, and start exploring, buying land, and building all sorts of builds ranging from playgrounds to virtual cinemas and galleries.
Those who own land can control the content published to their portion of the land and these contents can range from interactive systems such as games to static 3D scenes such as paintings, for instance.
One thing that makes Decentraland different compared to other popular blockchain-based games is the fact that it’s not controlled by a centralized organization. Instead, there’s a Decentralized Autonomous Organization (DAO) that governs the policies created to determine how the Decentraland world would behave.
As of writing this, there are already many cool places that…
