Discover Decentraland, a platform that enables the purchase and sale of land in the metaverse

Newsverso visited Decentraland to find out what attractions already exist there, check it out!

Understand: What is the metaverse?

Created from the blockchain, on the Ethereum network, the Decentraland focuses on trading assets and even land through the platform. Despite having a strong presence in social events – even with a calendar and calendar of events – it is in business that the platform thrives.

There, negotiations take place through two types of tokens: MANA and LAND. 

MANA and LAND: How Decentraland coins work

MANA is a type of currency that can be used in asset negotiations, interaction packages, challenges, events and exhibitions. In the case of LAND, the asset is a non-fungible token, that is, with a single standard.

Land, for example, within Decentraland is traded in LAND, which is scarce. Bringing more market value to the token. On the platform, specifically, only 90 thousand plots of land are available. Here, in practice, the law of supply and demand occurs. 

The programmers who created Decentraland, Esteban Ordano and Ari Meilich, thought of the platform to be a kind of Decentralized Autonomous Organization (DAO). Therefore, if you purchase a token within the platform, you also have a governance role, participating in decisions together with other owners. 

What is the Decentralized Autonomous Organization (DAO) system?

The decentralized system allows usage policies and coexistence rules to be defined together and registered on the blockchain. It is as if everyone who acquired an asset there could participate in the Constitution of this metaverse. There is no entity or body regulating this environment. 

In business, Decentraland can still be explored through advertising, according to the growing number of people within this metaverse, and the organization of events.

Music events, NFT art exhibitions and even worship services are already taking place on Decentraland. With the help of augmented reality technology, it is also possible to interact directly with other users and boost communities.

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