A virtual world that is recorded on the Ethereum blockchain. In Decentraland, players build their own digital environments, which includes games and communities. Introduced in 2020, LAND and Estate are non-fungible tokens (NFTs), and MANA is the crypto token. LAND is virtual space purchased with MANA, and adjacent parcels can be combined into Estates. Like non-blockchain virtual worlds, players can purchase clothing and accessories for their avatars.
Described as a "metaverse," Decentraland is governed by a DAO, which means players staking "wrapped MANA" (wMANA), LAND and Estate tokens vote on changes to the protocol. The Decentraland community elects five members to its Security Advisory Board, which oversees security. See DAO
and crypto glossary
First Time on the Website
Anyone can experience this virtual world by going to the Decentraland.org website and selecting various scenes. The arrow points to a guest user, who just designed his own avatar and is able to explore several Decentraland communities.