The name of the project — Decentraland (ERC20-token MANA) — sounds a bit funny, but behind this name there is a very serious, albeit controversial, project.
Decentraland developers do not conceal the fact that they were inspired by the science fiction of the 90s, where computers rapidly increasing in power made illusions real. Their goal was to create a unique virtual world based on blockchain technology, different from the classic, yet outdated, Second Life, or other MMO projects. This idea was born in 2015, in 2017 there was a successful ICO that raised $ 25 million, and in February 2020, the project was finally launched at full capacity.
This is the phrase that the website visitor sees after the beautiful semi-interactive animation, reminiscent of the No Man's Sky game, ends. You can access the project directly on the site, a regular browser is enough for this. VR headsets are supported, but not required.
User-generated content is created inside the built-in 3D editor and implemented in the form of NFT tokens. As a rule, in-game items are one of the main components (and, often, the main method of monetization) of traditional virtual universes. Decentraland is not far behind — in the built-in store, you can buy clothes, hairstyles, or even a rare name for your avatar. The good news is that NFT token transfers from third-party platforms like CryptoKitties and SuperRare are supported.
The project still has visible potential — the MMO that allows you to earn real money by creating content, bypassing boring game mechanics and auctions, will certainly attract attention. And objective indicators, like the exchange rate and capitalization, do not give cause for concern: at the time of this writing, 1 MANA token costs almost $ 0.85 with a steady upward trend. Just a quick comparison — in January the price of it was about $0.03. Over the past month, the cryptocurrency has significantly increased in capitalization and is ranked 91th.
Also, the uncertainty remains in Decentraland's interaction with the laws of real states — for example, in the field of copyrights. However, this did not stop Samsung from adding support for the MANA token to its wallet, which is a good sign for the project developers. It is possible that other, equally significant partnerships, will follow soon.
Image courtesy of: All Tech Asia