Decentraland

Decentraland Game Review

Decentraland is a VR platform that allows you to build, explore, and monetize your very own piece of digital real estate. Built upon the ERC-20 Ethereum blockchain, Decentraland is a fully open-source project from which anyone can contribute, use, and benefit.

Players have heard of numerous blockchain-based metaverses, which allow for complete digital ownership of virtual property and open the way for generating through decentralized smart contracts.

One thing that makes Decentraland different from other blockchain-based games is that there is no central authority controlling the game, and developers and players alike are free to do whatever they want within the boundaries set out by the rules of the Decentraland protocol.

Esteban Ordano, Ari Meilich, Yemel Jardi, and Manuel Araoz penned a lengthy whitepaper (decentraland.org) outlining the ideas of Decentraland. Important figures like Michael Bosworth from Google, Jon Choi from Dropbox, and Jake Brukham from CoinFund were also part of the outline.

If you’re using a web3-compatible browser like Google Chrome, entering the Decentraland virtual world is a breeze. In a similar vein, Windows users can download a specialized program. There has been no word about the creators’ mobile device version of Decentraland.

Game Mechanics

The ETH blockchain powered Decentraland, a virtual reality (VR) environment. Any of your surroundings are at your disposal for exploration and modification.

Its creators hope that the massive open online game will become a place where people can interact freely without worrying about censorship or regulation.

To do this, they built a 3D version of Second Life — a social media site that allows anyone to build anything. Decentraland hopes to avoid the problems associated with centralized platforms like Facebook and Discord.

The best part about Decentraland gameplay is that anyone can join anytime. If you’re looking for a fun place to hang out, you’ve found it.

After logging in and making a character, players can roam the virtual world, buy plots of land, and construct anything from playgrounds to virtual movie theaters and art galleries.

Naming your character is a form of NFT you’ll have to complete for each character you create. This implies that after you’ve settled on a name, you can always exchange it for a profit. NFTs associated with the avatar can also be sold for profit, including wearables like hats, pants, and bags.

You and the other newly-minted gamers are all dropped off in Genesis Plaza.

To explore Decentraland, you have to create your MetaMask wallet. After that, you can start exploring the Decentraland metaverse.

Decentraland Tokenomics

MANA tokens and LAND parcels, which comprise the economy of Decentraland, are fungible and non-fungible tokens and are powered by a dual-token economy.

Since there are only so many of each item in the Decentraland in-game economy, which is powered by blockchain technology, they are a good long-term investment.

To make purchases in Decentraland’s in-game store, users must first acquire or buy MANA tokens. Due to its widespread acceptance, MANA may be purchased on DeFi markets like Binance.

MetaMask, Fortmatic, WalletConnect, and the Coinbase wallet are wallets that can also be used on Decentraland. The responsibility is on the gamers to select a suitable cryptocurrency wallet.

MANA token

The MANA token, an ERC-20 token, may be burnt to acquire LAND parcels or traded for other types of land on the vast 3D grid. Due to its essential role in Decentraland’s ecosystem, MANA is also utilized for practical purposes, such as making purchases of other digital assets inside the vast metaverse.

The MANA token may be used in the Decentraland internal market, where various game items are available. The value of MANA tokens has increased, and the cryptocurrency is widely regarded as one of the most stable in the blockchain industry.

By participating in the democratic process of the Decentraland DAO or Decentraland Decentralized Autonomous Organizations, MANA holders will have a voice in the development and policy-making phases. Voters with a larger number of MANA tokens will disproportionately affect the final tally.

LAND token

The ERC-721-based LAND token is a non-fungible representation of a 16mx16m plot of land in the vast 3D metaverse. Since these LAND tokens may be bought and sold on the in-game market, they are treated as non-fungible virtual items.

Those that amass a sizable amount of LAND contract, MANA, or Estates have a greater voice in Decentraland’s decentralized democratic system and may cast more votes.

Play-to-earn with Decentraland

You’ll need to acquire some MANA tokens and create an account in the Decentraland Marketplace to start generating real-world money in Decentraland. There, you may make money off of your work or spend it on the work of others to improve your land.

There are a lot of opportunities for creators to make money in Decentraland.

Buy a Land

The land is a good investment in the Decentraland world since it may increase in value over time. Auctions and private sales are two common methods.

The “Create Auction” button may be found in the Marketplace section of the lower navigation bar. The first step in selling land is to create a listing that describes the land you’re selling (kind, size, location, price) and then to wait for offers.

Active Community Member

Various avatar-related digital goods are available in the Decentraland Marketplace, or “Nexus,” as gamers commonly refer to it.

This money may be used to purchase land in Decentraland or on one of the many cryptocurrency exchanges worldwide. To list their digital goods for sale on the marketplace, users will need to pay a nominal charge in MANA tokens.

Decentraland Store

Starting a shop or other commercial enterprise on your plot of Decentraland land is the most reliable method for generating income in the virtual world.