Xiaolai Li

Justin Waldron

Jake Brukhman

Diego Doval

Luis Cuende

Esteban Ordano

Wendell Davis

Lee Lin Liew

Animoca Brands KK

Digital Currency Group (DCG)

Fabric Ventures

Kenetic Capital

Fundamental Labs

Decentraland is a 3D virtual environment where players can create an avatar for themselves and explore a vast virtual world. They can interact with other fellow players and trade with them or buy and sell LAND, create an interactable virtual space or play games to earn rewards. It is based on the&nbsp;Ethereum blockchain&nbsp;and uses smart contracts to verify transactions on the platform.&nbsp;&nbsp;

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When you start in Decentraland, you can customize your avatar however you want. But if you want to make your avatar stand out from the crowd, you can visit the Decentraland Marketplace. Here you will be able to find tons of unique wearables, accessories, and names for your avatar. MANA is the only token accepted here.

Items are differentiated based on their rarity. Common rarity items are generally affordable, while legendary and mythic items can be quite expensive.&nbsp; This is also where you can buy LAND and Estate if you want to build something of your own in Decentraland. Just like real-world, the price of LAND will vary depending on its location. LAND next to landmarks and crowded areas will cost more compared to isolated plots.

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Builder is where you can bring out your creativity. It is a unity-based builder that comes preloaded with various assets that you can use to create a custom scene in your LAND. You can take elements from existing objects and structures and create something completely of your imagination.

You can choose the size of your LAND, add any number of objects as you like, place them in any direction and then observe how they will look from different angles. And when you are ready, you can publish your scene and check it out in the Decentraland.

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As we discussed earlier, Decentraland is not controlled by a single company or authority. It is a&nbsp;DAO that stands for Decentralized Autonomous Organization. It is governed by its community and people who hold MANA, LAND, and Estate tokens and lock them in DAO.

These people can actively participate and vote on new proposals for the platform. The DAO operates on Argon software solution, which helps interact with the Ethereum smart contracts.

The community can also vote to elect five members for the Security Advisory Board, which looks after the security of Decentraland, responds to bug reports, and reviews governance proposals. They have the final verdict on proposals and can deny or delay them based on how they affect Decentraland.

Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland&nbsp;is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games.

Land is a non-fungible, transferrable, scarce digital asset stored in an Ethereum smart contract. It can be acquired by spending an ERC20 token called MANA. MANA can also be used to make in-world purchases of digital goods and services. 

People are spending increasingly more time in virtual worlds, for both leisure and work. This occurs predominantly in 2D interfaces such as the web and mobile phones. But a traversable 3D world adds an immersive component as well as adjacency to other content, enabling physical clusters of communities.

Unlike other virtual worlds and social networks, Decentraland is not controlled by a centralized organization. There is no single agent with the power to modify the rules of the software, contents of land, economics of the currency, or prevent others from accessing the world.

gamefi.org

Decentraland

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A seasoned blockchain engineer, Esteban co-founded Zeppelin Solutions and led the team that created Streamium.

Tech Lead

Ariel has worked as an Analyst at Charles River Ventures, a leading Silicon Valley venture fund, and as the founder of Benchrise.

Ariel Meilich

Yemel worked on ChangeTip building a micropayment infrastructure for the web, before it was acquired by Airbnb in 2016.