by Decentraland Foundation
Quick Fact
Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain, allowing users to create, experience, and monetize content and applications.
Decentraland is a blockchain-based virtual world that enables users to purchase, develop, and trade virtual real estate and digital assets. Built on the Ethereum blockchain, it offers a decentralized platform for creating immersive 3D environments and applications.
Users can buy virtual land parcels as NFTs, which they can develop with interactive experiences, games, and art installations. The platform provides tools for users to build and customize their virtual spaces, fostering a vibrant digital economy.
Decentraland operates with a decentralized autonomous organization (DAO) structure, allowing users to participate in governance decisions. The native cryptocurrency, MANA, is used for transactions within the platform, including purchasing land, goods, and services.