A new virtual world on the Ethereum Blockchain went live last week. In Decentraland you buy land and objects in the form of crypto-collectibles, which you can speculate with.
Since last week in Decentraland you can enter a virtual world where you buy real estate and land, create your own world and trade with objects in it. Players acquire property in the form of Non-Fungible Tokens (NFT) and can sell, lend or monetize them. With an avatar you move in the virtual ecosystem – the name of which you can also sell and monetize. So if you want to sneak through the virtual world as a corona virus – the name is still for sale at the time of going to press. Finally, you can equip your avatar with accessories and wearables that you can find on the marketplace. Trading is done in the Decentraland currency Mana. Last week alone, players invested 600,000 US dollars in various tokens within Decentraland.
CryptoKitties sighted in Decentraland
The game consists of different worlds. In Arenas you can play against each other, gamble in a kind of “Las Vegas”, explore a medieval themed world or just wander through the streets and look at art. As with all NFTs, you can hope to become the owner of digital rarities that increase in value. The best example of this are the virtual cats of the game CryptoKitties, whose uniqueness can be traded at a high price. For example, a kitten was auctioned off for 140,000 US dollars a year and a half ago. Even in Decentraland you can already find the cats and even win them. In the first few days after the game starts, a digital hunt takes place in the original world of Genesis City, where you can win CryptoKitties in addition to mana tokens, plots and wearables.
Also other Decentraland-foreign tokens have already appeared in the game. The art collector Sebastián Hernández opened an interactive gallery on his virtual property in Momus Park. He owns NFTs by Austrian artist Volkmar Klien, who composed 2,000 individual sound fragments as artwork and made them accessible on the Blockchain. These sound images can be collected and rearranged, which Hernández is now doing in his gallery in Decentraland. Daniel Garcia, who developed the composition for Hernandez, explains the interactive art concept:
“There are currently five NFT sound images in the room. If a player walks past them, this movement activates the sound. The player can thus rearrange a composition by running the avatar in different directions.”
Players determine via set of rules
Decentraland wants to create decentralization on many levels. For example, the project announced that the administration of the game would be run through a Decentralized Autonomous Organization (DAO) within the Ethereum network. This will allow players to vote on the set of rules that, among other things, will determine future trading strategies. The login is also decentralised. Instead of using a username and password, an Ethereum Wallet is used.