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Decentraland - Kamus Indodax Academy

Decentraland is one of the most popular virtual reality platforms running on top of the Ethereum blockchain network. With its presence, this innovation can help users to create and monetize content and applications.

In this virtual world, users can buy plots of land that they can later run, build, and even commercialize by renting it out. Well, every item or plot of land on Decentraland is a non-fungible token (NFT).

Decentraland was created in 2017 by Ariel Meilich and Esteban Ordano, and has two tokens, namely LAND and MANA.

As an ERC-seven twenty one token, LAND is a non-fungible token or NFT, which means that each token is unique. But, don’t get confused! Because, every piece of land purchased by a player in this game is also referred to as a LAND. In addition, because it uses a blockchain system, every detail of a particular virtual land is also stored in the system and can be tracked.

Until this video was made, in the world of Decentraland, there are already ninety thousand six hundred and one LAND plots, which are grouped into LAND, ESTATES or complexes which are a combination of several LANDs, districts which are a collection of LANDs with the same theme, and plazas.

In January two thousand and twenty-first, cyberpunk-themed Aetheria became the largest district in Decentraland consisting of a total of eight thousand and eight LANDs.

Second Decentraland Token: MANA

Unlike LAND, MANA is an ERC-twenty token. This makes the MANA token ideal for use as a transaction tool in its ecosystem. What’s more, MANA holders can also participate in the management of the platform.

Neither Decentraland nor The Sandbox are fully decentralized. This means that there is no centralized entity that controls or regulates the two platforms.

However, the difference is that Decentraland is older than The Sandbox, aka has been in the metaverse industry longer. Decentraland has also helped make it easier for developers, individuals, and businesses to start several activities, including: socializing with users from virtually anywhere, to being able to buy properties with MANA tokens with your landscape design!

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