Decentraland cryptogame

Decentraland; Ready Player One Comes To Life

A Virtual World

Not my cup of tea when it comes to investing but some people are spending thousands on “Virtual Land”. Decentraland is basically a cross between Monopoly and Simcity.

“Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications” Decentraland.

Decentraland concept clip
Decentraland.org

You can buy land, lease land, build and create chargeable activities. Users have full control over the “land” they own and keep proceeds from any money generated from other users.

How Do You Interact With The World

The plan is that users can either use their browser or like the movie Read Player One you’ll just just pop on your VR headset.

Decentraland interaction
Decentraland.org

It is still in the development stage, raising money in their presale of the token MANA.

How Does It Work

It uses the ethereum Blockchain as an unforgeable record of ownership. Users can buy portions of land in the market place using MANA the programs native token. Each portion of land is 10*10 meters and there is no limit to how much you build on top of it.

Decentraland Marketplace
Decentraland.org

Is this serious?

Taking a couple of moments to search this on Google and Youtube you’ll see that some people are taking this very seriously. As of date there are some pieces of land which are selling for up to $800, 000. Yes, $800, 000, that’s basically a house in the heart of london.

As with the “real” real estate market you’ll find people calculating Growth projections, yields etc.

Personally I can’t really get my head around “investing” that sort of money on virtual land. But hey, each to their own as they say.

[Learn more: “What is Blockchain?”]

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Bob Bain

Bob Bain is the creator of Investo-Blog and has been trading as an independent trader for over 10 years. Bob's passion is to help people understand the simple principles behind investing and trading successfully.

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