All About MANA Decentraland, a Modern Virtual Planet!

Decentraland, is a decentralized virtual reality platform that serving on the Ethereum blockchain, with many different activities such as games and exhibitions. The network has two local Tokens. These are LAND and MANA. Users can earn MANA tokens by creating their own content.

What is MANA?

Shopping on the platform are made with MANA. The MANA Token was created on the Ethereum network in accordance with the ERC-20 standard.

What is LAND?

LANDs are NFT plots representing limited 3D space on Decentraland, created for users to own, own land. LAND, is created on the Ethereum blockchain, each of which is produced differently from each other. Owning a LAND is smilar to buying from other NFT projects.

mana decentraland

HOW WAS DECENTRALAND FOUNDED?

The Decentraland project began to be developed for the first time in 2015. The names in the initial developer team are Esteban Ordano, Ariel Meilich, Yemel Jardi, and Manuel Araoz, respectively. The project, which was released as a beta version in 2017, was made available to the public on February 20, 2020. The project is currently managed by Decentraland DAO.

WHAT IS DECENTRALAND DAO?

Everything that can be owned, bought and sold in the Decentraland universe is an NFT. Decentraland DAO, owns the most important assets that make up the Decentraland universe, such as marketplaces, wearables and real estate contracts. Through the DAO, users have control over the determination and creation of policies within the universe. Smart contracts, on the other hand, take place in the Decentraland DAO‘s Aragon-powered governance interface, which is decentralized where users can vote.

References

  • decentraland.org

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