The stage also introduced LAND and MANA tokens. Just have a look.įinally, the Iron Age introduced a platform for developers where they could build on Decentraland and create content or application to monetize them. Decentraland Iron Age (2017 Onwards)ĭecentraland has made a very apt video for its Iron Age. It was a 3D (Three Dimensional) virtual world divided into land parcels.

In late 2016, the development of the Bronze Age started. Decentraland Bronze Age (2016-17) Decentraland Bronze Age The project started in 2015 as a proof of concept for allocating ownership of digital real estate to users on a blockchain. Decentraland Stone Age (2015-16) Decentraland Stone Age Brief History of DecentralandĪ brief history of the Decentraland Metaverse project is as follows: 1. Now, let’s explore the project further with a brief history. In short, the project has created a whole virtual world with its own in-world economy, and MANA serves as a currency for that economy. In addition to this, Decentraland also has another in-house token called MANA which can be used to buy LAND and other digital goods and services on the marketplace. Each parcel is a Non-Fungible digital asset and is accompanied by an NFT (Non-Fungible Token) called LAND. The whole platform is divided into more than 90 thousand parcels. The platform is governed by a Decentralized Autonomous Organisation (DAO), which is further run by the token holders of Decentraland. The platform can be used to experience, create or monetize an application or content. What is Decentraland? Decentraland Metaverseĭecentraland is a decentralized virtual reality platform built on the Ethereum blockchain network. What are the Limitations of the Decentraland project?.What are the Benefits of the Decentraland project?.DAO (Decentralized Autonomous Organisation) c) MANA Token Distribution (18 August 2017).What are the Components of Decentraland.What are the Use Cases of Decentraland Metaverse?.So, let’s dive and understand what it’s all about. Today we have brought the most popular blockchain-based metaverse project called Decentraland. With the security and decentralization of blockchain, Metaverse platforms would surely bring the already global world closer. Metaverse – Decentralandįurther, the cherry on the top would be the underlying technology these platforms would be built on, i.e., blockchain. You can visit your office, conduct client meetings, do business deals, meet friends and family, go to parties and concerts, make new connections, etc. In this world, except for eating, bathing, and dumping, you can do anything that you do in the physical world. Therefore, the next step up for this Digital Age is a shared virtual world known as Metaverse. Today’s digital world is scattered across applications and platforms, and there is no one place to experience it all. And the kind of innovation that has happened in the digital space is commendable.īut the beauty of us humans is that we are always looking for something bigger and better. No doubt that technology has changed the course of our generations. It’s been almost four decades since human beings started being digital on a large scale.

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