Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users expertise, may create, and monetize content and applications. The neighborhood permanently owns land in Decentraland, giving them full control over their creations. Users maintain ownership of virtual territory. Landowners control what content is published for their part of land, which can be identified by a set of cartesian coordinates (x,y). Contents can range from 3D scenes.
Land is a non-fungible scarce digital asset stored in an Ethereum contract. By spending an ERC20 token called MANA it could be acquired. MANA may be utilized to make purchases of electronic products and services.
People are spending time in virtual worlds, for both work and leisure. This occurs predominantly in 2D ports like the internet and mobile phones. But a world that is traversable 3D adds content and adjacency as well as an component , enabling clusters of communities.
Unlike social networks and other worlds, Decentraland is not controlled by a centralized organization. There is no agent with the power to alter the principles of the money, or stop other people.