Decentraland – Explained
The Metaverse of Digital content and communication
Decentraland promotes itself as the first largest decentralized virtual reality platform in the world. It is powered by the Ethereum blockchain, which makes it possible for users to create a plethora of artworks, NFTs, dApps, and other digital content. All of these can be bought and sold, and put into the platform, becoming a part of the ever-growing virtual world. Anyone can participate even without investing, and
enjoy everything the community has to offer.
However, the main attraction of Decentraland, working alongside the others by giving the opportunity to create and connect, is its land ownership system. Real estate going digital is not something entirely new,
but putting it into a blockchain and, in a way, a habitable virtual world is. Users who claim ownership of a virtual land on this blockchain-based ledger of parcels become its permanent owners and can do with it as they please. The goal of the project is to allow a space that can flourish at the hands of users, creators and land owners.
