Decentraland (MANA)

Decentraland

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decentraland platform, users can create, experience, and monetize their content and applications.

What is Decentraland (MANA)?

Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. The project was launched in 2020 by Ariel Meilich and Esteban Ordano. The Decentraland platform is built on top of the Ethereum blockchain as an ERC-20 token, which enables it to take advantage of smart contracts. The use of smart contracts allows for a high degree of decentralization, as all transactions on the platform are stored on the blockchain and can be verified by anyone.

Features of Decentraland

  • Decentralized virtual reality platform
  • Powered by the Ethereum blockchain
  • Users can create, experience, and monetize content and applications
  • Allows users to purchase, develop, and trade virtual land
  • Built on top of the Ethereum blockchain as an ERC-20 token
  • Utilizes smart contracts for decentralized transactions

Decentraland aims to bring the concept of the Metaverse into reality, providing a shared digital experience where users can play games, exchange collectibles, buy and sell digital real estate, socialize, and interact with each other. The platform is operated and governed by its users through a decentralized autonomous organization (DAO), allowing users to have control over the game and organization's policies.

In summary, Decentraland is a decentralized virtual reality platform where users can create, experience, and monetize content and applications. It utilizes the Ethereum blockchain and smart contracts to enable decentralized transactions, including the purchase, development, and trading of virtual land. The platform aims to bring the concept of the Metaverse to life, providing a shared digital experience for users.

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Where to Buy Decentraland

Binance

Binance is a centralized exchange where you can buy Decentraland and other cryptocurrencies. To get started, you'll need to open an account on Binance and verify your identification. Once you're set up, you can choose how you want to buy Decentraland.

Coinbase

Coinbase is another popular platform where you can buy Decentraland. Here's a step-by-step guide on how to purchase Decentraland on Coinbase:

  1. Create a Coinbase account and complete the verification process.
  2. Add a payment method, such as a bank account or debit card.
  3. Select the "Buy & Sell" option on Coinbase.com or tap the "Buy" button on the Coinbase mobile app.
  4. Search for Decentraland and select it from the list of assets.
  5. Enter the amount you want to spend in your local currency and complete the purchase.

Kraken

Kraken is a platform that offers a safe and easy way to buy Decentraland. You can fund your Kraken account with your preferred payment method and purchase Decentraland with as little as $10. Kraken also provides advanced trading tools and the ability to trade Decentraland for other assets.

Decentraland's Official Website

You can also buy Decentraland directly from their official website. Decentraland is a virtual world where users can buy and sell virtual land and assets. Visit the official Decentraland website to explore more about the platform and join the community.

Decentraland Founders

Esteban Ordano

Esteban Ordano is a software engineer who co-founded Decentraland alongside Ari Meilich.

He held the position as Decentraland’s chief technology officer but has recently transitioned to a more advisory role after the platform became a decentralized autonomous organization (DAO). Ordano has a background in engineering and has worked as an engineering intern at Google before joining BitPay.

He has also contributed to the development of Bitcoin-related products.

Ari Meilich

Ari Meilich, an entrepreneur and software developer, is the other co-founder of Decentraland. He studied neuroscience and economics at New York University and used Bitcoin for his outsourcing business in college.

Meilich discovered the potential of blockchain technology through this experience and later joined Voltaire, a hacker house in Buenos Aires. He and Ordano met at Voltaire before teaming up to start Decentraland.

Roles and Contributions

Ariel Meilich previously served as the project lead at Decentraland from 2017 to 2020 and has founded several other startups.

Esteban Ordano, on the other hand, has a diverse background in the cryptocurrency space, working as a software engineer at BitPay and advising companies like Matic Network. Both Meilich and Ordano continue to play advisory roles in Decentraland, even though they have stepped down from major positions in the project.

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Decentraland Roadmap and Future Plans

Decentraland Roadmap

The Decentraland roadmap is a comprehensive plan outlining the future developments and milestones of the cryptocurrency Decentraland.

The roadmap is hosted on Trello and is regularly updated to keep the community informed about the progress of the development team.

The Decentraland roadmap is divided into several sections:

  1. LIVE: This section includes the features and developments that are currently being implemented and are already live.
  2. SOON: This section lists the features and developments that are in the final stages of development and will be released soon.
  3. NEXT: This section outlines the upcoming features and developments that are planned for the near future.
  4. LATER: This section includes the long-term plans and goals for Decentraland.

The roadmap provides a clear and easy-to-follow overview of the progress and future direction of Decentraland.

Future Plans

Decentraland has several future plans and developments in the pipeline. Some of the key features and plans include:

  • Ambassador Program: Decentraland plans to introduce an ambassador program to foster community engagement and growth.
  • Supporting Apps: Decentraland is working on various supporting apps to enhance the user experience and provide additional functionalities.
  • In-World Trading: Decentraland aims to introduce in-world trading, allowing users to buy, sell, and trade digital assets within the virtual world.
  • Integration of Third-Party Platforms: Decentraland plans to integrate third-party platforms to enable more functionalities and interactions within the virtual world.
  • User Moderation: Decentraland plans to implement user moderation tools to ensure a friendly and safe community environment.
  • Multi-Language Support: Decentraland aims to support multiple languages to cater to a global user base.
  • Enhanced Communication: Decentraland plans to develop a specific application with push notifications to keep users informed about the latest updates and events.

These future plans indicate Decentraland's commitment to continuous improvement, innovation, and the growth of its virtual world platform.