Decentraland is an Ethereum-powered virtual reality platform. In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize. It's the first digital platform that’s completely owned by its users.

The Basics

Decentraland enables users to build and interact with decentralized applications. They also own a portion of the real-world virtual land that makes up their voxel-based, global platform.

Created and developed by an experienced team of virtual and blockchain technology experts, Decentraland has also received the backing of the gaming and digital entertainment giant, Devolver Digital, which acquired a minority stake in the company in August 2017.

Decentraland and its MANA token

Decentraland is the most interesting VR ecosystem. As you’ll see, MANA’s utility is apparent within its ecosystem, and has high demand.

Because of the vast amounts of real-world parcels that were made available for purchase via blockchain, there will be no company or third-party to deal with the upkeep of this huge resource. This means that if you or anyone else wants to build upon these areas of land, you do so entirely on your own.

How to use Decentraland?

MANA is the token you pay for accessing land in the Decentraland virtual world. You can see what plots are available by checking out Decentraland.

Here are some other ways to use Decentraland:

Building sites

Creators will be able to sell any plan they create, and if someone else buys the plan from you they will pay you in the form of MANA.

Users will be able to purchase land, which will allow them to rent out their land to people who want to visit. This also means that you can make money by giving out your land for free and allowing people to visit it.

Mining

Mining is the process of spending your MANA to get access to Decentraland's Ether. Ether is the fuel of Decentraland, and it powers all aspects of the Decentraland platform.