Decentraland is a virtual world running on the Ethereum blockchain. Ownership over the land parcels (LAND) is stored on Ethereum, while the native governance token MANA is an ERC-20 token. Decentraland is a virtual world that can be accessed through any desktop web browser, using a Web 3 wallet like for example Metamask.
A decentralized autonomous organization, or DAO, is responsible for the future of Decentraland. The developers of Decentraland handed over the controls to the DAO in 2020, but are still actively working on the project.
All 90 thousand land parcels have already been sold. Those who own land can build anything they want, ranging from virtual stores or galleries, to interactive installations or even full feature games. People who want to have their own land, will need to buy it on the secondary market.
Anybody who visits Decentraland can enjoy all it has to offer for free. However, certain games have an entrance fee, but also allow users to win digital items. In addition there are gambling casinos in Decentraland, attracting quite an audience on special event nights. By participating in events, players can win or buy special clothes for their avatar. Even though Decentraland only exists since February 2020, these digital clothes have become quite popular collectibles.
Believing in “a metaverse without restraining walls,” Animoca Brands and other blockchain-based platforms such as Decentraland and The Sandbox have come together to form the Open Metaverse Alliance for Web3 (OMA3). The organization proposes to connect multiple virtual worlds and Web3 platforms in a frictionless way. Currently, the blockchain industry faces challenges in interoperability, and […]
Satoshiverse, an NFT collection, has turned its non-fungible tokens into Linked Wearables that can now be used in Decentraland. Linked wearables are 3D models of NFT that do not belong to Decentraland, but external NFT collections can be used in Decentraland as in-world wearables for the first time. The Linked Wearables feature was added to […]
Playcheck games confirmed a complete shutdown of Battle Racers coming February 16th, 2022. All versions of the game, including the one in Decentraland, will be discontinued, and the company itself will stop operating. The browser version, Decentraland game, and mobile app will all be discontinued on February 16th, 2022. The team will stop supporting the […]
The Deadfellaz NFT community is one of the latest to announce their move into the metaverse, as they will move into Decentraland and The Sandbox. The NFT project has gotten some media attention as of late after Elijah Wood became part of their community. There will be Deadfellaz NFT characters in The Sandbox and the […]
The virtual world of Decentraland has gone next level with the introduction of quests, which are now part of toolkit for creators. Landowners and designers can make quests that span multiple days and for example reward players with NFTs, wearables or a POAP, proof-of-attendance. Players who’ve been active in Decentraland, probably remember the Halloween and […]
In their effort to populate their virtual worlds with user-generated content, Decentraland has launched the beta version of their in-world builder tool. Users who own a piece of land in the virtual world, can see their creations come to life as they build inside Decentraland itself. Before, users need to build their environment and then […]
World-famous soda company Coca Cola will join the NFT ecosystem through an event organized in Decentraland. On July 30th there will be a Coca Cola-sponsored event in the virtual world to celebrate International Friendship Day. There will be NFT giveaways during the virtual event. The Coca Cola Company is planning its NFT loot box, which […]
The monster battle RPG Ethermon has announced a build jam event, inviting community members to design the first homes for Ethermon inside Decentraland. The Build Jam Competition offers EMON tokens and land in Decentraland as prizes. The event will start today, June 23th at 2pm CST and will last two weeks until July 7th. The […]
World-famous auction house Sotheby’s has recreated its London New Bond Street galleries in the virtual world of Decentraland. After getting involved in NFT auctions, the renowned auction house now becomes part of the metaverse with their own virtual location. The virtual version of Sotheby’s London location is placed in Decentraland’s Voltaire Art District (visit: 52,83). […]
Decentraland has released the Wearables Editor, giving everybody the opportunity to design digital fashion for avatars in the blockchain-powered virtual world. The minting process happens on the Polygon sidechain, making sure that minting fees remain low. However, it’s not like anybody can just make some shirts and publish them. The Decentraland DAO has formed a […]