Virtual Reality | Sector |
---|---|
2020 | Published |
$581.62M | Market cap |
174th | Market cap rank |
About Decentraland
What is Decentraland?
Decentraland is a decentralized virtual reality platform and 3D world built on the Ethereum blockchain. Users can freely explore, expand, and interact with the virtual environment. Using the native token MANA, virtual land parcels can be purchased as NFTs (Non-Fungible Tokens), enabling owners to create custom environments, interactions, and applications within the world.
Founder | Esteban Ordano, Ariel Meilich |
Developer | Decentraland Foundation, Community |
Published | 2020 |
Open source | Yes |
Sector | Virtual Reality |
Key feature | Virtual Land |
Blockchain | Ethereum Blockchain |
Staking | No |
Consensus mechanism | Ethereum (ERC-20 Token) |
Energy consumption | Medium |
Transactions per second | – |
Social media | 607,835 |
Whitepaper | Whitepaper |
Website | decentraland.org |
Our Decentraland rating
Review result
Our opinion
Decentraland launched in 2020 with the initial foundations and mechanics of its virtual world and has since been gradually developed further by the community. The VR game is considered one of the pioneers of “crypto games” and still enjoys significant popularity today. Its virtual land parcels are sometimes traded for impressive sums on NFT marketplaces like OpenSea. Decentraland might, in retrospect, be seen as one of the first steps toward the “Metaverse.” We find Decentraland exciting and intriguing, but remain cautious about investing in MANA. Some players report that the virtual world still feels somewhat dull and lacking in engaging content. Meanwhile, Decentraland is no longer alone in the market and has already faced strong competition from “The Sandbox,” which boasts a rapidly growing community. The competition in the VR worlds space is expected to intensify further in the future.
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