What Is Decentraland?

April 30

By lourdes

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Decentraland is a virtual reality application built on blockchain technology. It allows users to create, experience, and monetize content and applications in a completely decentralized environment. The application is built to track real estate parcels defined by LAND tokens. Decentraland is the world’s first decentralized virtual reality platform. Powered by the Ethereum blockchain, Decentraland is a community-based project that allows users to create, experience, and monetize content and applications in a completely decentralized environment. In this platform, users can buy or sell land parcels that range from 25m² to 10,000m² in size. Users can then interact with one another by creating content or building applications within this space. By owning land parcels, users have complete control over what they do or don’t allow within their virtual world.

How Do You Buy Land In Decentraland?

There are two ways to buy land in Decentraland: through the Marketplace or a parcels Auction. Purchasing LAND on Decentraland requires MANA – the native cryptocurrency of Decentraland.

The Marketplace is the simplest way to buy land. You can browse and search for individual parcels and purchase them directly from the landowners. The landowners set prices on the Marketplace, so it’s good to shop around before committing to anything.

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