Decentraland- The Ethereum-Based Community-Driven Metaverse

• It provides users with the opportunity to buy, sell and rent the land.
• It has its own in-built games, like ice poker, that users can play.

The word metaverse was first used in 1992 by Neal Stephenson in one of his science fiction novels called The Snow Crash. At that time, metaverse was just an imagination, but today technological advancement has given this word a shape and dimension. It is not just imagination. Today, the metaverse is a reality. Many companies are working hard to build the Metaverse, and funds are being heavily invested in this project. 

What is Decentraland?

Decentraland is an Ethereum-based project that is working towards creating a virtual shared world. It allows users to create and sell digital assets. Not only this, but it has made a lot of advancements today. It provides very cool features that users can use. This platform allows users to explore the web3 metaverse and create, own, and trade real estate assets. This platform uses blockchain technology to make all these things possible. This Metaverse has its own digital currency, which is called the MANA token. 

This platform is entirely community driven because users create their own land on it. They create their own land. This world has something for everyone. Every different palace in this world has different Vibes. For example, it has an NFT museum that users can visit. Not only this, but it has dedicated space for yoga lovers too. 

Things To Do in Decentraland

Users have a vast number of opportunities and different things to do in the Decentraland. Some of them are listed below.

Socialisation 

In this second world, users can interact with different people and make new friends. They can also attend live concerts with their friends. This virtual land also allows users to visit different types of places in the virtual world and explore the vast map.

Virtual Real Estate Investor

Users can become virtual real estate investors in the Decentraland because it not only provides users with the opportunity to buy a virtual world, but they can also rent and sell it to others. They can also build infrastructure in this virtual world without any prior knowledge of coding. There are premade tools that users can use to create infrastructure in this virtual world. 

Play Games 

Decentraland has in-built games that the users can play, for example, ice poker. If you are a poker lover and also love the metaverse, then ice poker is just built for you. In this game, you can play poker while experiencing the metaverse. It has two types of modes, which are challenge mode and arcade mode. It has a lot of interesting prizes that users can win by participating in this game. Some of the top prizes also include the AirPod Max, Macbook Pro and iPhone 14 Pro.

About MANA token 

The cryptocurrency of the Decentraland is called MANA. This cryptocurrency will be used in decentralised transactions of all types. This currency ranks 55 on the coin market cap in terms of market cap, with a market cap of $763,168,479. This token is based on Ethereum and runs on the ERC-20 token standard. The circulating supply of MANA tokens is 1,893,095,371 MANA, and there is no cap on the maximum supply. 

Conclusion

Decentraland is an Ethereum-based metaverse that offers users a virtual shared world with endless possibilities. From buying, selling, and renting virtual real estate to socialising and playing games, it provides a diverse and interactive experience for users. Its native cryptocurrency, MANA, facilitates decentralised transactions within the metaverse, contributing to its vibrant and growing community.