To make it very simple, Decentraland is a virtual reality platform virtual world, also known as a metaverse the platform allows three things to be traded:
Digital Platform where users can create, experience, and monetize content and applications, and peer-to-peer network user interactions (Payments).Low cost, direct payments between content creators and users.
Concept ownership of digital real estate.Decentraland is permanently owned by the community, giving them full control over their creations
Users claim ownership of virtual land blockchain-based ledger of parcels.
The land is a non-fungible, transferrable, scarce digital asset stored in an Ethereum smart contract.ERC20 token called MANA purchases digital goods and services.Decentraland, unlike other virtual worlds and social networks, is not governed by a single entity.
There is no single agent with the authority to change software rules, land content, currency economics, or prevent others from doing so gaining access to the outside world.
Some use cases
(Allow development of applications, games, gambling, and dynamic 3D scenes)
- Digital collectible (digital asset)
- Social (Online Forum, Chat groups)