Decentraland

Decentraland

Created using Figma
Created using Figma
Create, explore and trade in the first-ever virtual world owned by its users.
Risk: High
To be announced
Company Details
Registered Country
Argentina
Additional Details
Categories
Platform, Virtual Reality, Entertainment

About Decentraland

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Features

- Users can buy and develop parcels of land on which to build anything from static 3D scenes to dynamic applications
- Users have full control over the content of the land they own and keep all the proceeds from the value they generate for other users

Technical Info

Technical details:  Decentraland uses the Ethereum blockchain to store information about land ownership and its content. Content will be distributed using the IPFS network, while data hashes are stored in the blockchain Proof of developer:  Public team

Decentraland Roadmap

  • June 2015

  • Stone AgeLand is modeled as simple grid, and a Bitcoin-like proof-of-work algorithm is used to allocate pixels to users.
  • Stone Age

  • Land is modeled as a simple grid, and a Bitcoin-like proof of work algorithm is used to allocate pixels to users.
  • March 2017

  • Bronze Age
    Land is modeled in a 3D space. Blockchain and torrent full node. World Editor. Unity Browser.
  • Bronze Age

  • Land is modeled in a 3D space. Blockchain and torrent full node. World Editor. Unity Browser.
  • Read More
  • August 8 through 16, 2017

  • Mana Token Sale
    An ERC20 token, MANA, will allow users to claim parcels of LAND and interact with each other within Decentraland.
  • Iron Age

  • Add multiplayer support with avatars and live chat. Allow custom items and scripting on the land you own.
  • Q3 2017

  • Terraform Event
    The first opportunity to claim land will take place, along with the Beta launch of the Iron Age.
  • Silicon Age

  • A full-fledged 3D world, with full VR support and customization of the laws of physics. Live in the blockchain.
  • Q4 2017

  • Iron Age
    Add multiplayer support with avatars and live chat. Allow custom items and scripting on the land you own.
  • 2018

  • Silicon Age
    A full-fledged 3D world, with full VR support and customization of the laws of physics. Live in the blockchain.

Activity

Decentraland Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ari Meilich
Project Lead
unverified

2 ICO

$35 000 000

Esteban Ordano
Technical Lead
unverified

2 ICO

$43 038 628

Manuel Araoz
Board Member
unverified
Yemel Jardi
Board Member
unverified
Dario Sneidermanis
Core Developer
unverified
Martín Triay
Core Developer
unverified
Nicolás Santángelo
Core Developer
unverified
Franco Zeoli
Marketing
unverified
Mariano Rodríguez
Illustrator
unverified

3 ICO

$30 700 000

Jake Brukhman
Founder at CoinFund
unverified

3 ICO

$538 672 692

Luis Cuende
Project Lead at Aragon
unverified
Diego Doval
ex CTO at Ning
unverified
3.39
risky+
5.0 6
ICO Profile Vision Activity Potential Product Team

Decentraland Reviews

crushcrypto.com
review

Opportunities:
The idea of creating a virtual world in VR and interacting in it is very interesting and should draw a lot of interest.
The project has been under development since 2015.
Since land is scarce, if Decentraland is popular, then MANA and LAND will become very valuable, just like land in the real world.
The team has partnerships with other promising projects such as district0x and Aragon.

Concerns:
This seems like a very complex project, with different applications being able to run on the platform.
Unlike some other ICOs, this project does not actually solve a problem. It is just creating a game that people may potentially want, depending on how entertaining it is.
Decentraland is essentially a game but no one on the team has gaming experience. Developing a successful game is very difficult – 99.9% of mobile games are unprofitable. It took even Rovio 51 failures before their success in Angry Birds.
I believe the team has the technical expertise, but I am not sure if they have the relevant experience needed to create a successful game.
Decentraland needs an active community to stay alive (and for land to be valuable). Even if the project is a hit initially, all games will eventually go out-of-favor and players will leave – virtually no game can maintain its popularity for over 10 years. People will eventually get bored and leave the system.

Conclusion:
Overall, I am neutral about this ICO from an investment perspective. It is a very interesting project – I am sure it will be a fun game to play in.
However, so many things need to be done right (both in terms of software development and on the entertainment side) for this project to be a success. I’m not sure if the team is able to do it given their lack of experience in the video game industry.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Not good. The execution of the ICO so far has been poor - 1) increasing the hard cap by $5 million, 2) canceling the whitelist because there is a scam going on? It doesn't make any sense to me.
For long-term holding:
Neutral. For MANA to appreciate, there needs to be an active community using the platform and finding it entertaining. On one hand, this idea seems very interesting, but on the other hand, I am not sure about the team’s capability to build a successful game given no previous background in the video game industry.

Read More
bitcoinexchangeguide.com
reviews

If you want to take your virtual reality world to the next level, then Decentraland has created a perfect platform that you can use to become completely immersed in a 3D interactive world. It is an easy to use platform and has amazing features that will keep you entertained all day.

Read More
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