What Is Decentraland & What Can You Do There

Digital real estate has acquired a whole new meaning since the Decentraland foundation.

This game represents more than just a classic shared virtual world - it’s a unique metaverse where players can buy land, create sensational structures, and interact with other users at their will.

There are no limits in the virtual worlds that can be crafted in games such as this one. But, what is Decentraland exactly? Is it just a game? It is a platform offering different services?

If you’ve heard about this virtual reality platform before but don’t know where to get started, then today’s your lucky day.

Keep on reading this blog post to get precise information about:

• How does Decentraland work;
• Understanding this virtual reality in depth so you can get started in no time;
• How crypto enthusiasts are making the best out of Decentraland.

Mechanics of the Decentraland World

Decentraland is a virtual reality platform powered by the Ethereum Network. It’s a sensational experience where players can enjoy a genuinely decentralized life while being the actual owners of their belongings.

The games’ name might imply that Decentraland is only real estate-based, which isn’t true.

That’s why it’s fundamental for all users to deeply understand what you can do in this magnificent virtual world.

Who Created Decentraland?

So, where’s the Decentraland team? Well, the development team held an initial coin offering back in 2017 to fund the game’s operations.

Later on, a Decentralized Autonomous Organization was launched to give the control of the game to their users and no one else’s.

Ari Meilich, the Project Lead of the game, worked for Charles River Ventures and funded a CRM platform as well as an Online Translation Agency.

On the other hand, Esteban Ordano, the Tech lead of the game, worked as a software engineer at Smart Contract Solutions Inc, so there’s plenty of experience here.

At first, the pre-code of the game was called “the Stone Age,” which obviously changed over time. You can learn more about the Decentraland team by clicking here.

Explore a Virtual Reality Platform at Your Will

Decentraland runs on a protocol that works in three layers, each one them being a real-time layer:

• The Consensus Layer, which tracks land ownership on Ethereum Smart Contracts;
• The Land Content Layer, which renders the allocated pixels of the world using A-Frame;
• The Real-Time Layer, which provides peer-to-peer connections so real-life users can interact with each other.

Therefore, the architecture of Decentraland has been created using multiple services that ensure this world feels like real-life, while giving users full control and ownership of their decisions.

Engage with Decentraland Users

Blockchain Technology is just the tip of the iceberg. Users can create games, artworks, skins, and all kinds of NFTs in Decentraland.

This world offers the possibility for all players to engage in conversations, explore new parts of the cities, and, of course, design their land at their will.

Unleash Your Creativity to Build a Virtual World

Do you like to invest your time building a sensational structure? Or do you prefer to acquire land just to share it with other players?

Maybe you are an artist looking to create a unique Non-Fungible Token. Whatever your motivations are, you will find something for you on Decentraland’s services.

On top of that, the community is constantly implementing new features to the game.

So, in conclusion, Decentraland will just continue growing and growing in the months to come - we haven’t even experienced the roof of this marvelous experience.

Decentraland Tokens

It is not a secret to anyone that Decentraland has one of the most powerful online economies of them all.

Other Blockchain Games are also earning a big space in the market cap, but there’s something unique about MANA, LAND, and other tokens used in this game that just manage to increase its loyal fan base at a remarkable rhythm.

Of course, to experience the full potential of Decentraland, you need a wallet. This is the only way to manage Decentraland MANA and LAND in this game.

If you don’t know how to do this, check out this official Decentraland Wallet Guide.

Decentraland MANA Token

Decentraland MANA is the official fungible token of the game stored on a smart contract on the Blockchain space. You need Decentraland MANA tokens to participate in LAND auctions.

Naturally, the MANA price is directly linked to Decentraland Price. You can buy MANA in exchanges such as Binance using BTC or ETH.

40% of the MANA supply was sold back in 2017, and there’s a fixed total supply of MANA tokens set at 2.6 billion MANA.

Decentraland LAND Token

Now, LAND is a Non-Fungible asset stored in Ethereum Smart contracts, which means that each piece of LAND is totally unique.

Users can acquire LAND parcels and participate in LAND Auctions on the marketplace. Then again, you can sell LAND whenever you want, but LAND prices are directly linked to the digital real estate market of the moment.

It’s fundamental to understand Decentraland Price and market cap before you decide to invest money in it. We highly recommend you check CoinMarketGap to receive the latest news related to the market cap of this game.

How to Make Money in Decentraland

The magic about NFTs games is the fact that you can make real money while also having a good time. That’s also possible in Decentraland, which is why many players get started here just to make some sweet dollars.

It is clear now that LAND and MANA are the absolute kings of this world. Nevertheless, there are other ways to make money thanks to the unmatching potential of NFTs.

Acquire Virtual Land Parcels and Become a Real Estate Genius

There are two ways to participate in this virtual real estate dynamic: You can go to an NFT marketplace, such as OpenSea, or directly to Decentraland Marketplace.

Nevertheless, before investing your money on a piece of LAND using MANA, we highly recommend you to follow investment advice from the most experienced players out there.

In fact, a user recently sold a plot of land for 900,000 USD. That’s just insane!

Participate On the Decentraland Marketplace

The marketplace of this game has endless possibilities for anyone. You can use your MANA however you want.

For instance, if you want to acquire unique pieces of art, you can do it here with your MANA! Land is not the only thing you can acquire in this game.

Sell and trade Digital Assets

Your Decentraland avatar can be customized at your will! That fact led some players to create unique NFTs, which can later be sold for MANA on the marketplace.

Decentraland’s collectibles are categorized by colors, which means that the rarest the color, the more valuable the item is.

Keep in mind that thanks to NFTs, there’s true scarcity of these items. Invest your MANA wisely on these fancy wearables in the marketplace whenever you want!

Make Your Dreams Come to Life in Decentraland!

Decentraland has proven to be more than a simple economy. Gamers all over the world are constantly looking to invest their MANA wisely so they can make a good profit out of this world.

Besides, all the magnificent features present in this experience create a perfect cocktail where fun, money and unforgettable moments are blended perfectly.

If you are an NFTs enthusiast, or you are just barely starting in this giant universe, we highly recommend that you get started in Decentraland as soon as possible.

At the end of the day, Hypenoon will always be here to provide you with the latest news from NFT gaming!

Decentraland FAQ

Is Mana an NFT?

No. MANA is a fungible cryptocurrency that players can use to acquire LAND and other NFTs. It’s normal to be confused at first, but once you get the hang of it, you will become an expert in no time.

Can You Play Decentraland for Free?

Yes, you can! You don’t need to acquire MANA to get started with your new journey. Hence, you can explore the world and see what Decentraland has to offer before deciding to invest your money. Then again, remember that this game is only available on PC.