{"id":1710,"date":"2022-11-25T07:28:39","date_gmt":"2022-11-25T07:28:39","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=1710"},"modified":"2023-04-04T07:10:28","modified_gmt":"2023-04-04T07:10:28","slug":"decentraland-a-metaverse-that-runs-through-ethereum-blockchain","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain","title":{"rendered":"Decentraland: A Metaverse That Runs Through Ethereum Blockchain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain\/#Diving_Deep_into_the_Decentraland_Metaverse\" title=\"Diving Deep into the Decentraland Metaverse\">Diving Deep into the Decentraland Metaverse<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain\/#Tokens_and_Their_Specific_Uses\" title=\"Tokens and Their Specific Uses\">Tokens and Their Specific Uses<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain\/#LAND\" title=\"LAND\">LAND<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain\/#MANA\" title=\"MANA\">MANA<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/decentraland-a-metaverse-that-runs-through-ethereum-blockchain\/#Decentraland_and_Its_Growth\" title=\"Decentraland and Its Growth\">Decentraland and Its Growth<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Decentraland was first created in 2015 by two Argentinian developers. The first concept was started as a comprehensible pixelated grid that designated each pixel to the users through a Proof-of-Work algorithm. The development process went through various milestones: the Bronze Age and the Iron Age.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Decentraland roadmap shows each version of the visual experience and its updates. After the Bronze Age, it evolved into a 3D world, which, two years later, became the Iron Age. In this era, the metaverse was constructed on the Ethereum platform. It was officially launched in January 2020, and currently, around 9,000 people visit the platform daily.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diving_Deep_into_the_Decentraland_Metaverse\"><\/span><strong>Diving Deep into the Decentraland Metaverse<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Decentraland is made up of two words, \u201cdecentral\u201d and \u201cland,\u201d indicating that the platform is completely decentralized. Suppose you have a good knowledge of crypto and virtual reality and are willing to venture through the Metaverse. In that case, this is an excellent opportunity for you to buy, sell, create, and monetize your virtual real estate and content digitally. Decentraland is boundless when owning a property, as you can buy anything from a lavish house or casino to an art gallery on this platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can buy the properties as non-fungible tokens using the MANA cryptocurrency. The primary tokens that can be used in Decentraland are Estate, LAND, and MANA. All of these tokens have a specific purpose in the metaverse\u2019s ecosystem.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tokens_and_Their_Specific_Uses\"><\/span><strong>Tokens and Their Specific Uses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Not all of the tokens in Decentraland are used for trading purposes. Let\u2019s see the various tokens used in this metaverse and what makes them different from one another.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"LAND\"><\/span><strong>LAND<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The virtual space that a user creates and uses for interaction is called LAND. The developers say that LAND is a countable and easily transferred 3D space demonstrating an NFT asset that can be owned and used for trading purposes. The owners of LAND can use their virtual space to build community halls, libraries, art galleries, and lavish homes, among many other properties. Every LAND token is an ERC-721 asset that runs the metaverse\u2019s primary ecosystem.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"MANA\"><\/span><strong>MANA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is the official in-game cryptocurrency, an ERC-20 token that aids users in buying LAND and making transactions for in-game purchases. You can buy Avatars, real estate, wearables, and names within the virtual group through <a href=\"https:\/\/digitalcoinprice.com\/coins\/decentraland\">MANA<\/a>. When you trade or buy and sell land on the platform, MANA has burnt away, which means it is exchanged for buying the land.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Decentraland_and_Its_Growth\"><\/span><strong>Decentraland and Its Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can buy anything in Decentraland, from skyscrapers, rapid transportation, and malls, to libraries and homes. People are more drawn toward the metaverse, so they invest more in Metaverse as it provides a convenient way to build assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will the metaverse&#8217;s popularity grow, and will it be profitable? Yes, and yes. Developers are trying their best to make the metaverse more accessible to ordinary people so they get the opportunity to build assets without the intervention of any central bank.<\/span><\/p>\n<p><strong>Final Thoughts<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Metaverse is the new step towards the future, and its functionalities are compelling people to join the virtual world. Just like cryptocurrency was once thought of as a scam, Metaverse will take its time to grow. Speaking of crypto, if you want to trade better on the platform and build more properties on Metaverse, then visit the <\/span><a href=\"https:\/\/the-teslerapp.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tesler app<\/span><\/a><span style=\"font-weight: 400;\"> and start trading in crypto.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decentraland was first created in 2015 by two Argentinian developers. The first concept was started as a comprehensible pixelated grid that designated each pixel to the users through a Proof-of-Work algorithm. The development process went through various milestones: the Bronze Age and the Iron Age.\u00a0 The Decentraland roadmap shows each version of the visual experience [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1711,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=1710"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1710\/revisions"}],"predecessor-version":[{"id":2874,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1710\/revisions\/2874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/1711"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=1710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=1710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=1710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}