Opened to the public in January 2020, Decentraland is an Ethereum-based virtual world, or metaverse, that is owned by its users and governed through a decentralized autonomous organization (DAO).
Read moreHow is Decentraland hosted?
Decentraland is hosted on the Ethereum network and represents a virtual reality ecosystem where people can buy LAND, which is a non-fungible token that represents a piece of the virtual map. Decentraland’s users are incentivized to operate a virtual reality that the entire community shares.
Read moreIs Mana centralized?
Unlike other virtual worlds such as Second Life, it is not controlled by a centralized organization or company .
Read moreDoes Decentraland have a server?
Content within Decentraland is hosted and served to users via a network of community-owned content servers .
Read moreIs Decentraland proof-of-stake?
Decentraland Mining Decentraland was built on Ethereum which is currently a Proof-of-Work blockchain, though it is in the process of transitioning to Proof-of-Stake .
Read moreWhat will Decentraland be used for?
The Decentraland application is built to track real estate parcels defined by LAND tokens . The software leverages the Ethereum blockchain to track ownership of this digital land, and it requires users to hold its MANA token within an Ethereum wallet to engage with its ecosystem.
Read moreWhat is coin white paper?
When new crypto projects are launched, a whitepaper is released during its initial coin offering (ICO). In simple terms, a whitepaper is a document that details a project’s concept, roadmap and how it plans to grow in the future .
Read more