“Decentraland” is one Virtual reality platform created on the Ethereum (ETH) blockchain. It is a virtual world in the style of an MMORPG (Multiplayer Online Role-Playing Game), in which users can carry out a wide variety of actions, such as buying, building and also selling land in order to receive MANA tokens.
In contrast to other games of this style such as “World of Warcraft”, “Skyrim” or “Minecraft”, “Decentraland” does not belong to the developers, but to the players themselves, since it is a public virtual world through open standardsSo there is no central organization that prescribes an agenda.
In this sense, the entire game economy is created and managed by the players themselves. This means that every player can buy and completely control the content of their land. Generate income by construction. At this point, it would normally be the development company that manages the property and the economy, but “Decentraland” uses the blockchain to prove ownership of a parcel without the possibility of counterfeiting.
How does Decentraland work?
The rooms with which the user can interact, i.e. the land that he can buy and on which he can build or sell, are called LAND. These are non-fungible tokens (NFT) on which other games, applications, in-game services or dynamic 3D scenes can be created.
LANDS are plots that measure 10 square meters. These pieces don’t have a height limit, but they do have a base. LAND is scarce, which should increase demand and improve the user experience and the findability of content. Without this shortage, most of the LAND would be abandoned.
To acquire a LAND it is necessary count on MANA, the indigenous people of «Decentraland» and whose purpose it is to buy these plots. In addition, users can check the price of LANDs on the Decentraland website for the decentralized market.
LANDs can be grouped into states or districts. Districts are usually created by communities of players devoted to a common theme. With this in mind, the “Decentraland” team created the decentralized application “Agora” so that the members of a district member can vote on the solution to the conflicts that arise, the more COUNTRY it has, the more weight the user’s vote has.
Lose token MANA
MANA is Decentraland’s native token. Be Ethereum-based token It is an ERC-20 and is used to buy LAND packages, pay for goods and services in the world of “Decentraland”, or for auctions in Genesis City, a game city founded by a group of Argentine developers.
LANDs originally cost 1,000 MANA as they were sold by the development team themselves. Instead, they now have prices ranging from 11,750 MANA to several million. In fact, Decentraland’s most expensive package was sold in March 2018 and cost 2 million MANA, more than $ 175,000.
In this sense, MANA tokens can be bought, sold or exchanged on exchanges such as Binance or Bittrex and are stored in Ethereum wallets.