Decentraland is a decentralized platform for users to build, experience and monetize virtual worlds.
In recent years we have seen great advancement in technology with the creation of technologies such as blockchain which has allowed decentralization of many sectors. Now, this year it seems that cryptocurrencies are becoming more mainstream with its price skyrocketing recently and now everyone wants a piece of the cake. However, I think there might be something much bigger going on behind the scenes because applications like Bitcoin were not created overnight but instead, they require time to grow from an idea into something valuable enough to draw attention from all over the world.
The same thing seems to be happening with Decentraland, the project that aims to create a virtual world in which users can buy land and freely build whatever they want on it.
This is not just another cryptocurrency platform but instead it’s an entirely new way for us to interact by using VR technology. This will allow people around the world to visit each other virtually without having any problems when crossing borders or anything like that since you are already in your own virtual space so why should there be any issues? The possibilities this opens up are endless. We might even see countries competing against one another because their citizens have more appealing spaces than others!
How Does Decentraland Work?
Unlike other cryptocurrencies that are built on top of the Bitcoin blockchain, Decentraland is its own separate platform.
All transactions through Decentraland use Mana cryptocurrency tokens and these tokens are used for buying land within their virtual world. Each piece of land represents some square meters where anyone who has bought them can build whatever they want freely without any restrictions from third parties or anything like that since no one actually owns your land but instead you do because it’s YOUR property even though someone else might be living there right now while creating something new.
Which Payment Methods Do They Accept?
Since Decentraland uses cryptocurrencies as their main source of transaction all payments must go through blockchain technology regardless if we’re talking about Fiat money (USD/EUR) or any other cryptocurrency which you can convert into MANA coin.
What is Next for Decentraland?
Since the platform will be constantly under development, a lot of new features are expected to come out including new tools and technologies that help you build more efficiently. There have been rumors about implementing some AI which means people might even start creating their own NPCs! There will also be new security measures implemented to ensure people remain safe and protected while immersing themselves in this new virtual world.
Decentraland’s team has also announced that they plan on launching an online casino as well as other gaming platforms where users can play against one another in order to win prizes so this opens up a whole different story when it comes down to monetizing virtual worlds since now there are many ways through which developers can earn money from building games instead of just selling land or anything like that.
We believe Decentraland is one of the most promising projects out there that has great potential even though it’s still in its early stages. We are pretty sure this isn’t going to be something you want to miss because once they officially launch their virtual world, many people are expected to join and become a part of this new revolution.