2021-12-14
Decentraland is a virtual reality platform supported by Ethereum blockchain that enables users to create, experience, and monetize content and applications. The land is permanently owned by the community, giving them complete control over their creations, with users claiming ownership of the virtual land on the blockchain-based package ledger.
Landowners control what is posted on their part of the land, which is determined by a set of Descartes coordinates (x,y). Content can be static 3D scenes to interactive systems, such as games.
LAND IS AN IRREPLACEABLE, TRANSFERABLE, AND SCARCE DIGITAL ASSET CONTRACT STORED IN ETHEREUM SMART DEVICES. IT CAN BE OBTAINED BY USING AN ERC20 TOKEN CALLED MANA. MAGIC CAN ALSO BE USED TO BUY DIGITAL GOODS AND SERVICES IN THE REAL WORLD.
MANA IS AN ETHEREUM-BASED TOKEN THAT IS BURNED TO OBTAIN NFT IN THE PLATFORM META FESTIVAL. THEY CAN ALSO BE USED TO PURCHASE AVATARS, WEARABLES, NAMES, ETC.
Decentraland was co-founded by Ariel Meilich and Esteban Ordano, both of whom have stepped down from key positions but remain consultants;
Meilich is an entrepreneur who started a number of start-ups and worked as an analyst for a venture capital fund;
Ordano, a software engineer and consultant in cryptocurrencies, runs his own smart contract development company and founded a blockchain technology infrastructure company;
Decentraland was launched in 2017 after a $24 million Aesoio and will open to the public in 2020;
The Grayscale Decentraland Trust has invested more than $64.9 million in Decentraland tokens, enabling investors to gain exposure to MANA as a security without having to buy, store and keep them.
create a scene
Various 3D models must be attached to a scene before they can be published in Decentraland, so the first step is to create a scene.
There are two ways to create a 3D scene in Decentraland:
One is through The Builder, a simple drag-and-drop editor that doesn't need to be coded, everything is visual;
The other is the Decentraland SDK, which is more flexible by writing code to create scenarios;
For the average player, it's easier and faster to choose the Visual Builder tool.
First go to Https://decentraland.org, link your wallet, then click on the Builder, immerse yourself in the Builder page, and click on the right-most "plus" button to start creating a scene.
newly created scenes can be named after themselves, and to increase exposure, you can add descriptions that can be adjusted by rows and columns.
Notebuilder can only create rectangular scenes at this time, and you can only use the SDK to create scenes with irregular shapes.
set the ground
The scene is occupied over the land and requires the creator to select a ground, and in order for the creator to experience the effect better, Decentraland offers a wide variety of different textures of the ground, choosing one of their favorites. Enter "ground" in the search bar under the asset pack to see the ground texture to choose from.
add an item
scenes and ground are created, now empty above, and then it's time for the creators to play their brain holes, by selecting different content, adding to the scene created in front of them, choosing what content, and how to place it between them, the entire scene is constructed by the creator himself.
total supply: 2193960427
CYCLE SUPPLY: 1.82B MANA
MARKET CAPITALIZATION: 6359628509U
As of January 2021, only 1.49 billion MANAs were in circulation, equivalent to about 68% of the current total supply of 2.19 billion MANAs. The initial total supply was set at 2.8 billion MANA, but this has been reduced by the loss of more than 600 million MANA as a result of the LAND auction. There is also a series of further destruction mechanisms to further reduce the revolving supply of MANA, including the destruction of 2.5 per cent of MANA in Thecentraland market transactions.
Similarly, Decentraland offers a wide variety of content for creators to choose from.
take genesis city as an example: click genesis city, which contains tiles, natural objects, structural objects, ornaments and furniture and other small categories, you can choose their own items in each category, added to the scene.
MANA WAS ORIGINALLY DESIGNED TO EXPAND AT 8% IN THE FIRST YEAR AND GRADUALLY DECREASE OVER TIME TO REDUCE INFLATION, BUT INFLATION IS CURRENTLY PROHIBITED.
According to the Decentraland glossary, there are plans to start this inflation "if necessary". A total of 40% of MANA supplies were sold during the 2017 First Token Issue (ICO). In addition, 20 per cent is reserved for community incentives, 20 per cent for development teams and other early contributors, and the remaining 20 per cent is held by Decentraland;
Decentraland was launched in 2017 after a $24 million Esio; Virtual World was launched in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on it, including interactive games, huge 3D scenes, and a variety of other interactive experiences.
Decentraland launched the Stone Age in June 2015
Decentraland launched the Bronze Age in March 2017
the iron age calendar will be launched in february 2020
On June 12, 2020, Matic offers a $100,000 MATIC or MANA for Decentraland mini-games
On July 21, 2020, Decentraland partnered with Samsung Blockchain
August 21, 2020 Known Origins joins decentraland Market
Atari builds a virtual arcade in Decentraland on January 26, 2021
Metazone launched the exchange in Decentraland on February 24, 2021
The option to order pizza directly from Decentraland at Domino's is available on 12 March 2021
On June 4, 2021, Sotheby's opened a virtual museum in Decentraland
July 27, 2021 Coca-Cola joins the NFT ecosystem through Decentraland
Virtual Land in Decentraland was sold on November 23, 2021 for $2.4 million in Mana tokens
Decentraland joined the Blender Developer Fund on December 7, 2021
There are some risks to all projects - as is Decentraland;
Cryptocurrencies are more risky due to the complexity and volatility of the industry. In fact, Decentraland is the latest winner and meme target, and if Reddit users lose interest or find different memes, users may be at risk of serious loss;
The Canadian securities regulator has commented on Decentraland that MANA itself is not a security and/or derivative and that, like all other crypto assets, there are some general risks associated with investing in MANA. These include short-term historical risks, volatility risks, etc.
Reprinted from: The dongle Airdrops