#Blockchaingames #TheSandbox #Decentraland #Cryptogaming
What is Decentraland? Decentraland is a digital world shared, co-created, and hosted by a decentralized network of peers on the Ethereum blockchain. Players buy scarce digital land (called LAND) in the Decentraland metaverse, which they can develop for almost any purpose, including virtual shopping malls, museums, and event spaces. The idea for Decentraland first came about back in 2015. At Decentraland’s core is a digital land ownership system leveraging Ethereum to track LAND sales and a digital currency called MANA used as money within the Decentraland ecosystem. Players buy LAND to develop businesses much like they do in the physical world and spend MANA inside Decentraland like dollars, euros, and yen are spent elsewhere.

Decentraland VS The Sandbox - Which one can give you a better ROI??

MANA is Decentraland’s native ERC-20 token that players use throughout its metaverse. Whether you’re purchasing an NFT item or accessing a scene or experience, MANA is the cryptocurrency required for payment. As the essential aspect of the game, purchasing and developing LAND is done using the MANA token. There’s a nifty grid in the marketplace, showing the entire Decentraland world as it stands today, along with the availability of 90,601 parcels. After LAND is purchased from the marketplace, MANA is burnt, thereby reducing the supply of the token in an effort to both increase MANA scarcity and maintain the value of LAND.

MANA has experienced a meteoric rise in price in the past few months, possibly signaling an increase in demand for Decentraland beyond pure speculation. Companies are practically fighting each other over the metaverse, with notable brands such as Adidas and Nike jumping into the fray.
While Decentraland currently resembles a video game, it looks set to develop into more than that. Popular conceptions of the metaverse describe it as a digital reality as detailed and rich as the physical realm. Decentraland might one day grow into such a place, but for the moment, it’s essentially a very cool (and decentralized) MMORPG.

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