Decentraland is a virtual reality platform that can be used for creating an amazing experience and for monetizing content and applications. The VR platform is powered by the extremely reliable Ethereum blockchain. Decentraland is the first virtual that is owned by users. They can have absolute control over the content of the land that they have ownership of and they can also keep everything that the land generates in terms of the value of the proceeds.
The platform enables developers to build and monetize applications on the platform. Decentraland users will be able to explore and discover the virtual world. They can interact with other users on the platform, trade the virtual items, and run various applications on different land, and enjoy doing a host of other interesting activities and tasks.
Work on Decentraland started in 2015 and it was conceived as a digital real estate. It was implemented on a 2D grid as a pixel which contained metadata. The metadata described the color of the pixel and had details that identified the owner. It was named the Stone Age of the platform. The Bronze Age was developed in 2016. It was designed as a three dimensional virtual world which was demarcated into parcels of land.
The Iron Age will have many key features such as a P2P network for interaction among users through text messages, avatars, items, audio conversations and others. It will also include a micropayment system for creating an economy within. This aspect of the project is being handled by many members of the Streanium team – experts on cryptocurrency micropayments. An important feature of this Age is the land management interface. It can be used for delivering some wonderful experiences that visitors can enjoy without exiting the browser. In the Iron Age in-game, users will enjoy the experience of doing a host of activity with their virtual real estate including developing, buying, renting, and selling. Specific to this Age is a unique scripting language that landowners can use to program their experiences that they want to share with other users.
Further ahead in 2018, Decentraland will see the development of the Silicon Age. This will make the platform a full-fledged 3D world complete with comprehensive VR support. The laws of Physics will be customized at this stage.
MANA is the token associated with Decentraland and will be used for purchasing land, goods, and services. 1,000 MANAs are burned in exchange for 1 LAND.
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