What is Decentraland?
In our article before, we have shared with you about top 5 NFT project for 2021. There are millions of NFTs sold. And thousand of new NFT projects are launched every day. How do you decide which NFT project is worthwhile and the best?
Whatever you do, it should depend on how much money you are willing to spend. In this article, we will explain one of the successful projects in 2021, Decentraland.
What is Decentraland? And what is so interesting about Decentraland?. Let me share with you one by one about Decentraland. Decentraland is an entirely decentralized virtual world where you can buy, build, and sell digital real estate, artworks, or NFTs.
You can do all this by playing games and interesting with various activities in the virtual world of Decetraland. From its beginnings in 2016, the platform has developed from a basic 2D experiment into a large 3D world. Ultimately, Decentraland, is a social experience where you interact with people in the community.
The platform is community owned and built on the Ethereum blockchain. There are two different types of tokens used in Decentraland, namely:
First, LAND Token. LAND is a Non Fungible Token (NFT) used to determine land ownership for digital real estate.
Second, MANA Token. The MANA token is a cryptocurrency that makes it easy to buy virtual land, goods or services used in decentraland.
So, how do you store or save MANA and LAND tokens?. All you need is a crypto wallet that can integrate with a browser that can fully interact with Decentraland.
Among the wallets that you can use is Metamask to store MANA (ERC - 20 token) and LAND (NFT token ERC - 721). If you google or do research, you will find various articles on making money in Decentraland.
Like the real world, that real estate field is also gaining momentum in the virtual world, such as Decentraland. By using assets such as LAND tokens, many believe that the value of these tokens will increase over time.
Once you buy a LAND token, you can use it for various applications available in Decentraland, such as games and advertising. For example, you can host a game, and for each application you build, you can charge entry fees.
Not only that, but you can also showcase and sell products such as digital collectibles like NFT. You should also know that Decentraland is not just a game or a video game.
In fact, it is also evidence to most of the decentralized world. For example, if you can buy virtual real estate and set up a store in the Metaverse world. It’s not impossible, many more potentials exist in the decentraland world. Decentraland is one of the unique projects. It will probably be an ecosystem that will grow bigger in the future.
Reference: https://youtu.be/RhS799lttG8
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