Decentraland is a blockchain-based virtual reality platform that allows users to create, explore, and trade in decentralized virtual worlds, known as LAND. Built on the Ethereum blockchain, Decentraland uses its native token, MANA, for all transactions, including purchasing LAND, virtual goods, and services within its metaverse. The platform offers a unique space for creativity, commerce, and entertainment, where users can build virtual environments, host events, and even monetize their digital assets.
Founded in 2015 by Ari Meilich and Esteban Ordano, Decentraland was created to merge blockchain with virtual reality technology. The project held its Initial Coin Offering (ICO) for the MANA token in 2017, successfully raising funds to fuel its development. By 2020, Decentraland launched its mainnet, enabling users to fully engage in the platform by buying, selling, and building on virtual LAND parcels.
Over the years, Decentraland has grown significantly, establishing itself as a pioneer in the metaverse and NFT space. In 2024, Decentraland continued its momentum, introducing new features like a desktop client and enhanced user experiences. It has consistently topped development activity charts, indicating robust progress and developer commitment. Partnerships with global brands like Microsoft and Tennis Australia, along with hosting high-profile events such as the Metaverse Fashion Week, highlight its growing influence in both the digital and real-world spaces.
The Decentraland Foundation oversees the project's development, while the platform is governed by a Decentralized Autonomous Organization (DAO), allowing the community to participate in key decisions about the future of the metaverse.
Above are only for introduction, not intended as investment advice.
