How does Decentraland work?
Decentraland is a virtual world powered by the Ethereum blockchain.
It is a decentralized, open-source platform that allows users to create, experience, and monetize content and applications. At its core, Decentraland is a virtual world where users can buy land parcels and build whatever they want on them. Land parcels are divided into small plots called “tiles” that are purchased using the MANA token.
Once purchased, users can build whatever they want on their land parcels using the Decentraland SDK. This includes creating 3D scenes, interactive experiences, games, and more. Users can also monetize their creations by setting up in-game purchases or charging for access to their experiences.
All transactions are secured by the Ethereum blockchain and are immutable once recorded on the blockchain. This ensures that all transactions are secure and transparent. In addition to buying land parcels and building experiences, users can also explore Decentraland’s virtual world by visiting other user’s creations or attending events hosted in Decentraland’s virtual world.
Events range from art exhibitions to gaming tournaments to music festivals and more. Overall, Decentraland provides an open platform for users to create, experience, and monetize content in a secure and transparent way.
